Globes, June 14, 2004
Network security company Finjan raises $10m
| Cisco Systems led the round, along with Benchmark Capital, Bessemer Venture Partners and Israel Seed Partners.
|Finjan Software today announced that it had raised $10 million in an investment round led by Cisco Systems. It said the money was earmarked for growth acceleration. Finjan's existing internal investors, Benchmark Capital, Bessemer Venture Partners and Israel Seed Partners, also participated in the round.
The company said it would use the investment to help further the market-share of Finjan's Day Zero suite of defense and content security solutions, and expand the company's global sales, marketing and R&D initiatives.
"Finjan's family of proactive behavior-based content security products has enjoyed a strong increase in market-share year after year," said Finjan Software founder and CEO Shlomo Touboul. "We will use the proceeds to further fuel the growth we exhibited over the last 24 months and to scale up all company activities."