Altor Networks, provider of security for virtualized data centers and clouds, today announced that the company has closed a Series B funding round with new investors DAG Ventures, Juniper Networks with its newly announced Junos Innovation Fund, Accel Partners and Foundation Capital, Altor’s founding investors.
This new financing of $10 million will enable Altor to significantly expand global sales and marketing. Altor recently completed a record fiscal quarter, despite the challenging economic environment, adding customers of all sizes in all verticals including the financial sector, higher education and cloud service providers.
“Altor impressed us with its superior technology and deeply experienced team in the realm of virtual security. The challenges of virtual and cloud security are real and prevalent, presenting an enormous market opportunity. We’re enthusiastic about Altor’s market-leading products and unique approach to addressing these emerging security gaps,” said John Caddedu, Managing Director at DAG Ventures.
We urge you to find out more about Altor’s approach to virtualization and cloud security at www.altornetworks.com.