Welcome!

News Feed Item

Observable Networks Receives Series A1 Funding

Observable Networks, an emerging leader of network security technology and advanced threat detection services, today announced it has received $2.45 million in Series A1 funding arranged by DH Capital, an investment banking firm serving companies in the Internet infrastructure, communications, and SaaS sectors. As part of the funding, Observable Networks received additional institutional backing from the Vectis II fund, a prior investor, of which Stifel, Nicolaus & Company, Inc. is a general partner. The cyber security startup will use the investment to expand and strengthen sales, marketing, and the product development of its cloud-based Network Security-as-a-Service offering. As part of its expansion, the company will also recruit top engineering and channel development talent, and bring its innovative security capabilities to broader markets to meet high demand for advanced threat detection services.

“Observable Networks is setting a new standard for IT security monitoring in the cloud age. We have the ability to actively model thousands of devices across complex business networks and critical infrastructure environments, providing our customers with a clear picture of device behaviors on their network,” said Bryan Doerr, CEO of Observable Networks. “This new round of funding allows us to expand our algorithmic capabilities and pursue multiple channel opportunities. We are pleased to have such visionary investors who understand the important role innovation plays in meeting today’s IT security needs.”

Observable Networks recently entered the IT security market, empowering organizations to readily understand normal and abnormal device behaviors on their networks. Observable’s continuous device profiling (CDP) technology and cloud-based service platform uses real-time traffic sensors and automated security analytics to continuously model all devices on networks of any size. Observable’s solution is indifferent to encryption and does not require recognition of threat signatures.

With no specialized hardware to purchase and no software agents to deploy, Observable’s service is available as a cost-effective software-as-a-service (SaaS) subscription, which greatly simplifies and speeds deployment. With scalability ranging from hundreds to millions of devices, it is a crucial threat detector for any organization - providing a significant leap forward to a stronger security posture compared to traditional approaches.

CTO and Founder Dr. Patrick Crowley leads Observable’s engineering and software development efforts. Under his guidance, the company has developed CDP technology into a commercial solution and a product line that includes a managed security solution for Enterprise and SMB companies, and an industrial control security system for critical infrastructure and supervisory control and data acquisition (SCADA) networks – such as power generation and distribution.

“Observable Networks is poised for strong growth in the fast growing IT security market. With this investment, they have the necessary resources to expand their market presence into new geographies and industry verticals,” said Adam Lewis, partner and managing director at DH Capital.

“Patrick, Bryan, and the team have created a compelling service that we believe is essential for companies who understand the continuously changing nature of IT security,” said Joseph Schlafly III, senior vice president and director, private markets at Stifel, Nicolaus & Company.

Including this Series A1 funding, Observable Networks has secured more than $4M to date to develop and enhance its CDP technology and Network Security-as-as-Service offering.

About DH Capital

DH Capital is a private investment banking partnership serving companies in the Internet infrastructure, communications, and SaaS sectors. Headquartered in New York City with offices in Boulder, Colorado, the firm's principals have extensive experience and proven abilities in capital formation, finance, research, business development and operations. DH Capital provides a full range of advisory services to companies and financial institutions, including mergers and acquisitions, private capital placements, financial restructuring, and operational consulting. DH Capital has completed more than 106 M&A transactions and private capital placements totaling more than $8.5 billion in value. For more information on DH Capital, visit their website at www.dhcapital.com

About Vectis II

Vectis Healthcare & Life Sciences Fund, II, L.P. (“Vectis II”) is a national life sciences venture capital and private equity fund that employs a hybrid strategy of fund and direct investments. Vectis II invests across all sub-sectors of the healthcare and life sciences industries, including plant sciences, biotechnology, medical technology, healthcare services, and health information technology. Co-headquartered in St. Louis and Boston, the fund’s co-General Partners are Stifel, Nicolaus & Company, Incorporated and Brooke Private Equity Associates.

About Observable Networks

Observable Networks, Inc. is an emerging leader of network security technology and advanced threat detection services that identify compromised and misused networked devices currently escaping detection by network security tools. Observable’s Continuous Device Profiling (CDP) technology includes a cloud-based service platform incorporating automated security analytics and real-time traffic sensors to continuously model all devices on networks of any size, all the time. CDP is indifferent to encryption and does not use threat signatures. Observable empowers organizations to readily understand normal and abnormal device behaviors in their networks, helping them to identify compromised devices and facilitate faster remediation. Observable Networks is a privately held company headquartered in St. Louis, MO. For more information, please visit www.observable.net

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
SYS-CON Events announced today that CollabNet, a global leader in enterprise software development, release automation and DevOps solutions, will be a Bronze Sponsor of SYS-CON's 20th International Cloud Expo®, taking place from June 6-8, 2017, at the Javits Center in New York City, NY. CollabNet offers a broad range of solutions with the mission of helping modern organizations deliver quality software at speed. The company’s latest innovation, the DevOps Lifecycle Manager (DLM), supports Value S...
Join IBM November 2 at 19th Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA, and learn how to go beyond multi-speed it to bring agility to traditional enterprise applications. Technology innovation is the driving force behind modern business and enterprises must respond by increasing the speed and efficiency of software delivery. The challenge is that existing enterprise applications are expensive to develop and difficult to modernize. This often results in what Gartner calls ...
NHK, Japan Broadcasting, will feature the upcoming @ThingsExpo Silicon Valley in a special 'Internet of Things' and smart technology documentary that will be filmed on the expo floor between November 3 to 5, 2015, in Santa Clara. NHK is the sole public TV network in Japan equivalent to the BBC in the UK and the largest in Asia with many award-winning science and technology programs. Japanese TV is producing a documentary about IoT and Smart technology and will be covering @ThingsExpo Silicon Val...
Translating agile methodology into real-world best practices within the modern software factory has driven widespread DevOps adoption, yet much work remains to expand workflows and tooling across the enterprise. As models evolve from pockets of experimentation into wholescale organizational reinvention, practitioners find themselves challenged to incorporate the culture and architecture necessary to support DevOps at scale. In his session at @DevOpsSummit at 20th Cloud Expo, Anand Akela, Senior...
@GonzalezCarmen has been ranked the Number One Influencer and @ThingsExpo has been named the Number One Brand in the “M2M 2016: Top 100 Influencers and Brands” by Analytic. Onalytica analyzed tweets over the last 6 months mentioning the keywords M2M OR “Machine to Machine.” They then identified the top 100 most influential brands and individuals leading the discussion on Twitter.
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
The age of Digital Disruption is evolving into the next era – Digital Cohesion, an age in which applications securely self-assemble and deliver predictive services that continuously adapt to user behavior. Information from devices, sensors and applications around us will drive services seamlessly across mobile and fixed devices/infrastructure. This evolution is happening now in software defined services and secure networking. Four key drivers – Performance, Economics, Interoperability and Trust ...
NHK, Japan Broadcasting, will feature the upcoming @ThingsExpo Silicon Valley in a special 'Internet of Things' and smart technology documentary that will be filmed on the expo floor between November 3 to 5, 2015, in Santa Clara. NHK is the sole public TV network in Japan equivalent to the BBC in the UK and the largest in Asia with many award-winning science and technology programs. Japanese TV is producing a documentary about IoT and Smart technology and will be covering @ThingsExpo Silicon Val...
The Internet of Things is clearly many things: data collection and analytics, wearables, Smart Grids and Smart Cities, the Industrial Internet, and more. Cool platforms like Arduino, Raspberry Pi, Intel's Galileo and Edison, and a diverse world of sensors are making the IoT a great toy box for developers in all these areas. In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists discussed what things are the most important, which will have the most profound e...
SYS-CON Events announced today that Twistlock, the leading provider of cloud container security solutions, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Twistlock is the industry's first enterprise security suite for container security. Twistlock's technology addresses risks on the host and within the application of the container, enabling enterprises to consistently enforce security policies, monitor...
Multiple data types are pouring into IoT deployments. Data is coming in small packages as well as enormous files and data streams of many sizes. Widespread use of mobile devices adds to the total. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will look at the tools and environments that are being put to use in IoT deployments, as well as the team skills a modern enterprise IT shop needs to keep things running, get a handle on all this data, and deli...
Automation is enabling enterprises to design, deploy, and manage more complex, hybrid cloud environments. Yet the people who manage these environments must be trained in and understanding these environments better than ever before. A new era of analytics and cognitive computing is adding intelligence, but also more complexity, to these cloud environments. How smart is your cloud? How smart should it be? In this power panel at 20th Cloud Expo, moderated by Conference Chair Roger Strukhoff, pane...
With billions of sensors deployed worldwide, the amount of machine-generated data will soon exceed what our networks can handle. But consumers and businesses will expect seamless experiences and real-time responsiveness. What does this mean for IoT devices and the infrastructure that supports them? More of the data will need to be handled at - or closer to - the devices themselves.
In recent years, containers have taken the world by storm. Companies of all sizes and industries have realized the massive benefits of containers, such as unprecedented mobility, higher hardware utilization, and increased flexibility and agility; however, many containers today are non-persistent. Containers without persistence miss out on many benefits, and in many cases simply pass the responsibility of persistence onto other infrastructure, adding additional complexity.
Building a cross-cloud operational model can be a daunting task. Per-cloud silos are not the answer, but neither is a fully generic abstraction plane that strips out capabilities unique to a particular provider. In his session at 20th Cloud Expo, Chris Wolf, VP & Chief Technology Officer, Global Field & Industry at VMware, will discuss how successful organizations approach cloud operations and management, with insights into where operations should be centralized and when it’s best to decentraliz...