RedSeal takes $12M for security software

RedSeal Systems, developer of cybersecurity software that estimates and manages risk, has raised $12 million in a third round of venture funding led by OVP Venture Partners. Based in San Mateo, Calif., it is also backed by Venrock, Jafco Ventures, Sutter Hill Ventures and Leapfrog Ventures. It has now raised over $43 million to date.

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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.