Thursday, July 21, 2005

GraniteEdge Raises $5 Million for Security

GraniteEdge Networks, a start-up based in Seattle, closed $5 million in Series A funding for its development of a network security analytics system. GraniteEdge is developing a system that offers causality analysis, adding intelligence to the seemingly random stream of network and security data. It said its GraniteEdge ESP will detect all types of threats, including insider and "zero day" breaches, worms and trojans as well as the most subtle network attacks. The product is expected to launch in late 2005.

The funding was led by Outlook Ventures and joined by existing investor, OVP Venture Partners.

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