Bastille Networks, a trailblazer in the realm of wireless threat intelligence technology, proudly announces a momentous Series C funding of $44m.
This significant financial infusion is spearheaded by Growth Equity at Goldman Sachs Asset Management, with the participation of prior investor Bessemer Venture Partners. Bastille, a company revered for its innovative prowess, has consistently attracted top-tier investors including Comcast, Bessemer, and an array of individual backers from its Seed stage inception.
The company, renowned for its state-of-the-art approach to wireless security, stands at the forefront of the industry, catering to a diverse clientele encompassing high-tech firms, financial institutions, and entities within the intelligence community. Bastille’s unique proposition lies in its ability to offer unmatched visibility and control over the vast array of wireless devices permeating corporate airspace. Through its patented software-defined radio and advanced machine learning algorithms, Bastille not only identifies but also localises potential threats, empowering security teams to effectively neutralise risks posed to network infrastructure.
Bastille CEO Chris Risley expressed his enthusiasm about the investment and the strategic alliance with Goldman Sachs, stating, “This $44 million investment from Goldman Sachs coupled with a shared vision about how our unique offering will help customers secure their radio frequency airspace, is a clear indicator of the strength of Bastille products
““Bastille has tripled Annual Recurring Revenue in the last year and is on track to more than double ARR again this year. Given their product experience as a Bastille customer, we are thrilled to deepen our relationship with Goldman Sachs as we bring them on as an investor.”
Keep up with all the latest FinTech news here.
Copyright © 2023 FinTech Global
