January 29, 2024 at 06:39AM
Bastille Networks, a wireless threat intelligence firm, has secured $44 million in a Series C funding round, with the total raised now exceeding $80 million. Led by Goldman Sachs, the round includes funding from existing investor Bessemer Venture Partners. The San Francisco-based company helps organizations identify and secure wireless devices within their environments using software-defined radios and machine learning. The investment will support the company’s growth and expansion into new markets.
Key Takeaways from the Meeting Notes:
– Bastille Networks, a wireless threat intelligence firm, has successfully raised $44 million in their Series C funding round, bringing the total funds raised to over $80 million.
– The investment round was primarily led by Goldman Sachs, with additional funding coming from existing investor Bessemer Venture Partners.
– Founded in 2014 and based in San Francisco, Bastille Networks specializes in helping organizations identify and secure all wireless devices in their environments.
– The company’s solution leverages software-defined radios (SDRs) and machine learning (ML) to monitor wireless connections, including cellular, Bluetooth, and Wi-Fi, and identify risky devices, even if not connected to the enterprise network.
– Bastille emphasizes its ability to reduce risk by identifying and accurately locating covert, rogue, and vulnerable devices brought into facilities by employees, contractors, or visitors, and provides alerts for compromised and abnormal device behavior.
– Their technology is designed to integrate with existing security systems and procedures.
– With this new investment, Bastille aims to support its growth and expand into new markets.
– Goldman Sachs VP Zartasha Chaudhry expressed confidence in Bastille’s abilities, stating that the company has transformed the wireless threat detection space and is well-positioned to meet the needs of customers across the enterprise and federal sectors.