Imperva closes $20 Mn Series D Financing Round
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Foster City: Imperva, a provider of application data security, today announced that it has raised $20 million in a Series D round of venture capital financing. The funds will be used as expansion stage capital to take advantage of rapid growth in demand for application data security products in both domestic and international markets. The round was led by late stage venture capital firm Meritech Capital Partners, and supported by previous investors Accel Partners, Greylock Partners, U.S. Venture Partners, and Venrock Associates. The company has raised a total of $54 million in four rounds of financing. "The steady stream of sensitive data breaches and increased regulatory and industry scrutiny has forced organizations to address the need for visibility and control of critical applications and data. This has fueled demand for our application data security products around the world," said Shlomo Kramer, President and CEO of Imperva. "This late round of funding provides us with the capital to grow our domestic and international operations in order to extend our market share leadership and support our rapidly expanding customer base." "One of the key drivers of our investment strategy is to identify what we consider to be 'category defining' companies," said Rob Ward, Managing Director at Meritech Capital Partners.

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