Untangle raises $8 million round to expand overseas for open-source security appliances
Untangle has raised $8 million in a second round of funding for an overseas expansion of its open-source networking and security business.
Investors include CMEA Ventures and Rustic Canyon Ventures, the same companies that invested $10.5 million Untangle’s first round of funding, according to VentureWire. (Our previous coverage of Untangle is here).
The company has raised about $20 million to date. Based in San Mateo, Calif. and founded in 2005, the company makes network and security appliances that sit between corporate PCs and the open Internet. The appliances serve as gateways which provide a variety of applications such as blocking spam and viruses. The company has 31 employees. It is close to profitability and expects to raise more funding in the fall, according to CEO Bob Walters.
The company competes with SonicWall and Barracuda Networks, neither of which is open source.
Next Story: Crossing Automation raises $6 million for wafer-handling tool business
Previous Story: For whom the opening bell tolls: Yahoo stock plunges, rallies
About the Author, Dean Takahashi
Dean is lead writer for GamesBeat at VentureBeat. He covers video games, security, chips and a variety of other subjects. Dean previously worked at the San Jose Mercury News, the Wall Street Journal, the Red Herring, the Los Angeles Times, the Orange County Register and the Dallas Times Herald. He is the author of two books, Opening the Xbox and the Xbox 360 Uncloaked. Follow him on Twitter at @deantak, and follow VentureBeat on Twitter at @venturebeat.