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
DevOps tends to focus on the relationship between Dev and Ops, putting an emphasis on the ops and application infrastructure. But that’s changing with microservices architectures. In her session at DevOps Summit, Lori MacVittie, Evangelist for F5 Networks, will focus on how microservices are changing the underlying architectures needed to scale, secure and deliver applications based on highly distributed (micro) services and why that means an expansion into “the network” for DevOps.
WebRTC is bringing significant change to the communications landscape that will bridge the worlds of web and telephony, making the Internet the new standard for communications. Cloud9 took the road less traveled and used WebRTC to create a downloadable enterprise-grade communications platform that is changing the communication dynamic in the financial sector. In his session at @ThingsExpo, Leo Papadopoulos, CTO of Cloud9, discussed the importance of WebRTC and how it enables companies to focus o...
A critical component of any IoT project is what to do with all the data being generated. This data needs to be captured, processed, structured, and stored in a way to facilitate different kinds of queries. Traditional data warehouse and analytical systems are mature technologies that can be used to handle certain kinds of queries, but they are not always well suited to many problems, particularly when there is a need for real-time insights.
Providing secure, mobile access to sensitive data sets is a critical element in realizing the full potential of cloud computing. However, large data caches remain inaccessible to edge devices for reasons of security, size, format or limited viewing capabilities. Medical imaging, computer aided design and seismic interpretation are just a few examples of industries facing this challenge. Rather than fighting for incremental gains by pulling these datasets to edge devices, we need to embrace the i...
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...
Web Real-Time Communication APIs have quickly revolutionized what browsers are capable of. In addition to video and audio streams, we can now bi-directionally send arbitrary data over WebRTC's PeerConnection Data Channels. With the advent of Progressive Web Apps and new hardware APIs such as WebBluetooh and WebUSB, we can finally enable users to stitch together the Internet of Things directly from their browsers while communicating privately and securely in a decentralized way.
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
@DevOpsSummit at Cloud taking place June 6-8, 2017, at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long developm...
"We're bringing out a new application monitoring system to the DevOps space. It manages large enterprise applications that are distributed throughout a node in many enterprises and we manage them as one collective," explained Kevin Barnes, President of eCube Systems, in this SYS-CON.tv interview at DevOps at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
In his General Session at 17th Cloud Expo, Bruce Swann, Senior Product Marketing Manager for Adobe Campaign, explored the key ingredients of cross-channel marketing in a digital world. Learn how the Adobe Marketing Cloud can help marketers embrace opportunities for personalized, relevant and real-time customer engagement across offline (direct mail, point of sale, call center) and digital (email, website, SMS, mobile apps, social networks, connected objects).
SYS-CON Events announced today that Catchpoint, a leading digital experience intelligence company, has been named “Silver Sponsor” of 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. Catchpoint Systems is a leading Digital Performance Analytics company that provides unparalleled insight into your customer-critical services to help you consistently deliver an amazing customer experience. Designed for digital business, C...
A look across the tech landscape at the disruptive technologies that are increasing in prominence and speculate as to which will be most impactful for communications – namely, AI and Cloud Computing. In his session at 20th Cloud Expo, Curtis Peterson, VP of Operations at RingCentral, will highlight the current challenges of these transformative technologies and share strategies for preparing your organization for these changes. This “view from the top” will outline the latest trends and developm...
When you focus on a journey from up-close, you look at your own technical and cultural history and how you changed it for the benefit of the customer. This was our starting point: too many integration issues, 13 SWP days and very long cycles. It was evident that in this fast-paced industry we could no longer afford this reality. We needed something that would take us beyond reducing the development lifecycles, CI and Agile methodologies. We made a fundamental difference, even changed our culture...
@ThingsExpo has been named the ‘Top WebRTC Influencer' by iTrend. iTrend processes millions of conversations, tweets, interactions, news articles, press releases, blog posts - and extract meaning form them and analyzes mobile and desktop software platforms used to communicate, various metadata (such as geo location), and automation tools. In overall placement, @ThingsExpo ranked as the number one ‘WebRTC Influencer' followed by @DevOpsSummit at 55th.
"There's a growing demand from users for things to be faster. When you think about all the transactions or interactions users will have with your product and everything that is between those transactions and interactions - what drives us at Catchpoint Systems is the idea to measure that and to analyze it," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York Ci...