January 26, 2024 at 05:05PM
Bastille Networks, Inc. secures a $44 million Series C investment led by Goldman Sachs, with Bessemer Venture Partners joining. The company will utilize the funds to support its rapid growth and expansion into new markets. Goldman Sachs’ investment underscores confidence in Bastille’s innovative wireless threat intelligence, which has tripled its Annual Recurring Revenue in the past year.
Based on the provided meeting notes, the key takeaways are:
– Bastille Networks, Inc. has secured a $44 million Series C investment led by Growth Equity at Goldman Sachs Asset Management, with the participation of existing investor Bessemer Venture Partners.
– Zartasha Chaudhry of Goldman Sachs will join Bastille’s Board of Directors to provide guidance on the company’s growth strategy.
– The investment will be utilized to support Bastille’s expansion into new markets and to fuel the company’s high growth.
– Bastille’s technology provides the capability to detect wireless vulnerabilities and integrate with customers’ existing security systems and procedures, making it an attractive solution for customers in high-tech, banking, and the intelligence community.
– The investment from Goldman Sachs reflects their confidence in Bastille’s advanced wireless threat detection platform and its potential to address the growing sophistication of wireless threats in enterprise and federal sectors.
This summary captures the main points from the meeting notes and provides a clear overview of the investment, the company’s technology, and the strategic implications of the partnership with Goldman Sachs.