iPolicy Secures $26m Funding

Computerwire, Feb 3, 2004

iPolicy Networks Inc, a developer of a unified security system, has raised more than $26m in its Series A round of funding to aid its expansion to the enterprise market. The round was co-led by WK Technology Fund, Clearstone Venture Partners, and Dali Hook Partners.

"The new funds also allow us to rapidly expand into the enterprise market while continuing to address the needs of the managed security service providers," said Prabhu Goel, iPolicy's chairman and CEO.
iPolicy develops a unified security system that delivers adaptive security enforcement for enterprises, managed security service providers, and government agencies.

Its family of ipEnforcer security systems are used to reduce network security risk and total cost of ownership by addressing the convergence of multiple, disparate network security services, including intrusion-detection and prevention, DDoS and attack mitigation, deep application inspection firewall, VPN, anti-virus, surveillance, and URL filtering into one purpose-built security system.

The Fremont, California-based company was formed in January 2000 from the merger of Duet Technologies Inc of India and US-based TunnelNet Inc.