Veriflow Receives $8,200,000 Series A Funding

  • Feed Type
  • Date
    7/6/2016
  • Company Name
    Veriflow
  • Mailing Address
    1901 Harrison St. Oakland, CA 94612 USA
  • Company Description
    Despite outlays of over $80 billion on network protection in 2015, enterprises saw a dramatic increase in both breaches and outages. The major cause of breaches and outages are change events, with over 80% caused by human factors.
  • Website
    http://www.veriflow.net
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $8,200,000
  • Transaction Round
    Series A
  • Proceeds Purposes
    The company will use the funding to build its sales force, hire new engineering talent and increase marketing efforts to further drive the company’s technological innovation and growth as well as industry awareness of mathematical network verification.
  • M&A Terms
  • Venture Investor
    Menlo Ventures
  • Venture Investor
    New Enterprise Associates

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