Invincea Raises $16 Million In C-Series Funding Led By Aeris Capital And Dell Ventures

PRESS RELEASE

FAIRFAX, VA--(Marketwired - Dec 16, 2013) - Invincea, Inc., an innovator in the use of secure virtual containers for advanced malware threat detection, breach prevention and forensic threat intelligence, today announced that it has raised $16M in a Series C equity round led by new investors Aeris Capital and Dell Ventures with participation from existing investors Grotech Ventures, Harbert Ventures, and New Atlantic Ventures. Additionally, the company announced it acquired Sandboxie in an earlier 2013 transaction. Sandboxie is a globally deployed and widely respected competitor in the virtualized containment solutions market. The acquisition and this new round of funding support Invincea's rapid growth across the globe, expansion into the small business sector, and further solidifies its position as the market leader in this game changing cyber-security segment.

These announcements come on the heels of major revenue and deployment milestones and the launch of a new offering -- Invincea FreeSpace&trade for Small Business. The company recently announced achievement of 200% year-over-year growth and deployments in nearly 10,000 organizations world-wide -- touching dozens of industry verticals such as energy, oil and gas, high tech, financial services, healthcare, retail, transportation, defense industrial, federal and state government agencies and companies of all sizes. The launch of Invincea FreeSpace&trade for Small Business came in response to a dramatic increase in demand for advanced threat protection from this highly vulnerable, yet underserved market. With the acquisition of Sandboxie, Invincea's reach expands to more than 1,000 additional organizations globally primarily focused in the small business sector.

"Dell partners with Invincea to deliver the world's most secure line of devices," said Brett Hansen, Executive Director, Client Software at Dell. "In June of 2013, we began shipping a solution powered by Invincea -- Dell Data Protection | Protected Workspace -- to provide our customers with advanced malware protection out of the box. Investing in Invincea made perfect sense given the unique ability of their solution to address the increasing threat of targeted and zero-day attacks. We look forward to changing the endpoint security paradigm with Invincea as our partner, and as a Dell Ventures portfolio company."

The investment follows a December 12, 2013 announcement by Dell Ventures, expanding the company's commitment to entrepreneurship and innovation with a $300 million Strategic Innovation Venture Fund. The fund will enable Dell to invest in early-to-growth-stage companies in emerging technology areas including storage, cloud computing, big data, next-generation data center, security and mobility.

"We're proud to be backed by our new investors Aeris and Dell, and for the continued support from our existing investors," said Anup Ghosh, Founder and CEO at Invincea. "We are fortunate to be in a situation where our revenues and deployments are on an exponential growth plane -- giving us the ability to take strategic funding to support certain initiatives, such as our expansion in Europe. The acquisition of Sandboxie is another strategic move for Invincea and we're thrilled to be adding Sandboxie's fervent fan base to our rapidly growing global user community. We look forward to working with and embracing the active community of Sandboxie users and are excited to offer them a pathway to an enterprise solution delivered by Invincea FreeSpace."

Sandboxie Founder Ronen Tzur adds, "Invincea has been a great steward of Sandboxie since its acquisition earlier in 2013 and is committed to the user community. I've been extremely proud of the brand and following Sandboxie has built over the last several years among security enthusiasts, small businesses, and globally as an early pioneer in virtual containers for protecting against online infections. Sandboxie will continue to grow under Invincea's market leadership."

Invincea is recognized as providing one of most advanced malware prevention solutions in the market -- having recently been awarded the 2013 Northern Virginia Technology Council Innovators Award and having previously been named "Most Innovative Company of the Year" at RSA Conference 2011 and "Best Anti-Malware Solution" for 2012 and 2013 by Government Security News. Invincea's solutions include an endpoint security software suite and threat intelligence appliance. Together these solutions offer a unique ability to protect enterprise networks without requiring prior knowledge of attacks, commonly called attack signatures, against all types of threats directed at end users, including zero-days, by seamlessly moving applications that run untrusted content into controlled, secure virtual containers that automatically detect and terminate threats in real time.

About Invincea, Inc.

Invincea is the premier innovator in advanced malware threat detection, breach prevention, and forensic threat intelligence. Invincea is the market-leading solution that provides enterprise networks with coverage against the largest attack surface for cyber-breach attacks aimed at end-users in the form of spear phishing, drive-by download exploits, poisoned search results and user-initiated infections.

The company's solutions include a desktop security software suite and threat intelligence appliance. The solutions offer a unique ability to protect networks against all types of threats directed at end-users, including zero-days, by seamlessly moving applications that render untrusted content into controlled, secure virtual containers that automatically detect and terminate threats in real time. Invincea's platform seamlessly moves the browser, PDF reader and Microsoft Office suite from the native operating system into secure virtualized environments without altering the user experience. The company, which was founded by Dr. Anup Ghosh to address the rapidly increasing security threat from nation states, cyber-crime, and rogue actors, has commercialized technology originally built under DARPA funding. The company is venture capital-backed and based in Fairfax, VA. For more information, visit http://www.invincea.com.