AlertEnterprise bags $8M for security software
AlertEnterprise, provider of software that coordinates physical and IT security to prevent overlaps, just brought in $8 million in first-round funding, all from Opus Capital. The startup, founded by the same team that started compliance software maker Virsa Systems, will use the money to market its first products — AlertAccess and Alert Action, which monitor access privileges and geospatial activities.
Just 18 months old, AlertEnterprise is the team’s latest project, spearheaded after SAP AG bought Virsa for $400 million in 2006. That company had previously raised $15 million from Kleiner Perkins Caufield & Byers and Lightspeed Partners. Incidentally, Ken Elefant — general partner overseeing the AlertEnterprise deal for Opus — used to be a senior associate at Lightspeed.
Next Story: Dutch virtual world start-up raises $4 million
Previous Story: Zoom takes in $20M for high-end vending machines
About the Author, Camille Ricketts
Camille is the lead writer for GreenBeat. She came to VentureBeat from Google where she worked on its traditional platforms team, particularly in TV. Before that, she was a reporter for the Wall Street Journal in New York and London. Follow her on Twitter at @camillericketts, and follow VentureBeat on Twitter at @venturebeat.
With GreenBeat 2009, VentureBeat's all-star conference on all things Smart Grid, coming up in November, Camille will be expanding coverage of this exciting space. Stay up to date by following @greenbeat2009 on Twitter or by becoming a fan of the event on Facebook here.