JumpStart Raises $13 Million in Venture Debt Led by Hercules Technology Growth Capital
Allegis Capital Managing Director Robert Ackerman Appointed to Company’s Board of Directors
SAN FRANCISCO, CA–(Marketwired – Jul 13, 2015) – RedOwl, a leader in insider risk management and security analytics, today announced it has raised $17 million in Series B funding led by Allegis Capital. The company will use the new funds to continue its expansion, further build out the product development and data science teams, and begin broadening its go-to-market efforts. Reveal, RedOwl’s flagship software program for insider risk management, is deployed across multiple verticals and used within many Fortune 500 companies including Blackstone and K2 Intelligence.
This announcement follows a year of exceptional growth for RedOwl, during which the company nearly doubled its team by adding new data scientists and security engineers, and expanded internationally into London. The Series B round includes participation from Blackstone as an investor, as well as previous angel investors including Salesforce Chairman and CEO Marc Benioff, bringing the total funding amount raised to nearly $30 million.