Led by Rally Capital with participation from Ignition Venture Partners and IDG Ventures, funding fuels further product innovation and sales and channel expansion into global markets
SEATTLE, AUGUST 24, 2016 –Tempered Networks, Inc., provider of Identity-Defined Networking solutions, today announced it has raised $10 million in a series B funding round, led by Rally Capital LLC with participation from existing investors, including Ignition Venture Partners, IDG Ventures, and Fluid Capital. This round of funding was closed in August and brings the total amount of financing the company has raised to approximately $32 million. The company will continue to focus on creating product differentiation, hiring top tier talent, and broadening its global sales and distribution channels.
Tempered Networks also announced that Dennis Weibling, Managing Director at Rally Capital, has joined its Board of Directors.
“We were impressed with the world-class caliber of the Tempered team and their revolutionary approach to unifying security and networking,” said Weibling. “Their technology is very unique because it not only allows people to do their networking tasks, but also achieve what has been previously impossible with current networking technologies—with fully integrated security. It is a liberating solution that delivers strong technical and business value to virtually any enterprise organization.”
“We are delighted to have Dennis join our board,” said Jeff Hussey, President and CEO of Tempered Networks. “He and Rally Capital bring deep knowledge and expertise in the areas of technology, telecommunications and corporate governance and together, with support from all our venture investors, we are well positioned to continue our solid growth trajectory. We are looking forward to expanding our reach in the global market.”
- Tempered Networks solution overview
- Video: Tempered Networks’ CEO explains secure networking
- Whitepaper: The Imperative of Merging Identity with Software-Defined Networks
About Tempered Networks
Tempered Networks is the pioneer of Identity-Defined Networking (IDN), unifying networking and security with a simplified approach that removes the constraints of IP networking. Our elastic and fully encrypted IDN fabric protects every connected resource with a unique crypto identity, instead of a spoofable IP address, enabling you to cloak any IP or serial-enabled endpoint, machine or network--with no IP modifications. For the first time, any network and connected resource can be orchestrated, cloaked, and encrypted from the start. Device-based trust is flexible and portable and extends from any external and public cloud network to internal network hosts and clients. Any IP resource can now be instantly provisioned, moved, or revoked, making your network as adaptable as software, more secure, and simpler to manage. For more information go to www.temperednetworks.com.
Forward-looking statements. Certain statements contained in this press release may constitute forward-looking statements. Such statements include, for example, statements regarding the Company’s or management’s beliefs, expectations, estimations, plans, projections and similar statements. Any such forward-looking statements involve risks, uncertainties and other factors that may cause the Company’s actual results and performance, or industry results to be materially different from any results or performance expressed or implied by such forward-looking statements. These forward-looking statements speak only as of the date of this press release and there can be no assurance that the results and events contemplated by such forward-looking statements will, in fact, occur. The Company expressly disclaims any obligation or undertaking to release any updates or revisions to any forward-looking statement contained herein.