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Vijay Basani co-founded eIQnetworks secures $10 Million
By siliconindia
London: Vijay Basani co-founded IT security firm eIQnetworks has closed a $10 million round of private funding in order to expand the company's marketing, sales and product development efforts.
The funding round was led by Venrock, a California-based venture capital fund with an office in Cambridge. Mike Tyrrell, a partner at Venrock, will join eIQnetworks' board of directors. This is the company's first round of venture funding.
"Raising our first round of venture capital in this kind of economic environment is a testament to the hard work of our team," said Vijay Basani, CEO of eIQnetworks. "In a time when our competitors are struggling to stay alive, we are growing and redefining what customers expect from security and compliance management by offering situational awareness and end-to-end visibility to detect threats to critical information assets."
eIQnetworks makes IT network security systems for large companies and government agencies.