Palo Alto, CA. June 3, 2003 – US Venture Partners and Venrock Associates lead investment in next generation web applications and database security leader.
WebCohort Inc., the leader in next-generation web applications and database security solutions, today announced that the company has raised $12 million in Series B financing. The round was led by US Venture Partners and Venrock Associates, with participation from existing investors Accel Partners and Shlomo Kramer. The company also announced the addition of Asheem Chandna, previously Vice President of Business Development and Product Management at Check Point Software Technologies, to its board of directors. In addition to Mr. Chandna, Ray Rothrock, managing general partner at Venrock and Steve Krausz, general partner at USVP will join Mr. Kramer and Theresia Gouw Ranzetta, general partner at Accel on the WebCohort Board.
The Enterprise Application Sphere holds the crown jewels of the organization – sensitive business-critical databases and web applications. Custom targeted and automated attacks on web applications and services are the fastest growing area of new attacks for enterprises around the globe. WebCohort SecureSphere is a revolutionary comprehensive security solution for protecting the Enterprise Application Sphere from internal and external threats of known and unknown application-level attacks. Through a unique combination of anomaly correlation algorithms as well as the most comprehensive application level signature dictionaries, SecureSphere™ provides accurate prevention, full transparency and easy adaptation.
“Venrock is very excited to be investing in WebCohort,” said Ray Rothrock, Managing Partner of Venrock Associates. “The unique technology introduced by WebCohort is the only one we have seen that is capable of securing and protecting applications and databases not only from external hackers but most importantly also from malicious internal users within an organization.”
“We are delighted to have the opportunity to back Shlomo Kramer, Check Point’s co-founder, a second time,” said Steve Krausz, General Partner of USVP. “Organizations today are vulnerable to an ever growing number of sophisticated application-level attacks. Making sure key business processes of the organization are not shut down by the next wave of application attacks and worms is a revolutionary new capability of WebCohort’s technology.”
“I am very pleased to join WebCohort’s board of directors,” said Asheem Chandna. “I am excited to have the opportunity to help WebCohort make SecureSphere as essential to applications security, as today firewalls are to perimeter defense.” Chandna was with Check Point Software Technologies from April 1996 till December 2002 and was part of the core management team that helped grow Check Point to the worldwide leader in VPNs/firewalls and Internet security.
“The databases and applications comprising the Enterprise Application Sphere are the engine that keeps the organization running,” said Shlomo Kramer, President and CEO of WebCohort. “With the funds secured in this round and our team extended with savvy investors and market experts, we are well positioned to make SecureSphere the defining product in this new security category.”
About WebCohort
WebCohort is the leader in next-generation web applications and database security solutions. WebCohort’s SecureSphere family of products provides enterprises with a comprehensive and essential solution for detecting, reporting and preventing application attacks. The company was founded in 2002 by leading Internet security experts, including Shlomo Kramer, co-founder and board member of Check Point Software Technologies. WebCohort is a privately-held company backed by Accel Partners, Shlomo Kramer, US Venture Partners and Venrock Associates.
For more information, please email us at info@imperva.com or visit us on the Web at www.webcohort.com.
About Accel Partners
Accel Partners is a venture capital firm that has backed over 200 companies and has a history of leading investments in category-defining technology companies such as Real Networks, Veritas, UUNet, Foundry Networks, AMCC, Agile Software, and Macromedia. Accel’s mission is to both identify and be the very best partner to the category-defining companies of tomorrow.
For more information, please visit our website at www.accel.com.
About US Venture Partners
Since its inception in 1981, USVP has invested in more than 271 companies, including Sun Microsystems, New Focus, Check Point Software Technologies, Nuance Communications, Blue Martini Software, AMCC, MMC Networks, Centillium Communications, Stratacom/Cisco, and CacheFlow, all of which have become the leading companies in their respective fields. In fact, 68 USVP portfolio companies are now publicly traded, have an aggregate market capitalization of more than $313 billion, generate more than $26 billion in annual revenue, and employ more than 83,000 people.
More information can be obtained by clicking on www.usvp.com.
About Venrock Associates
Venrock Associates was founded as the venture capital arm of the Rockefeller Family and continues a tradition of funding entrepreneurs that now spans over seven decades. With over 300 investments, the firm has an established a track record of identifying and supporting promising early stage, technology-based enterprises. Venrock maintains a tradition of collaboration with talented entrepreneurs to establish successful, enduring companies. Venrock’s investments have included CheckPoint Software, DoubleClick, PGP Corp., 3COM, Intel, and Apple Computer.
For more information, please visit the Web site at www.venrock.com.
About Imperva
Imperva is the leader in application data security and compliance. Leading enterprise and government organizations worldwide rely on Imperva to prevent data theft and abuse, and ensure data integrity. The company’s SecureSphere products provide data governance and protection solutions that monitor, audit and secure business applications and databases. For more information, visit www.imperva.com
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Imperva and SecureSphere are trademarks of Imperva, Inc. All other brand or product names are trademarks or registered trademarks of their respective holders.
Editorial Contact
Marc Gendron
(781) 237-0341
marc@mqpr.net
