Category Archives: Accel Partners

Accel Partners, Tenable, Tenable Network Security, Venture Funding

Tenable Network Security Gets $50 Million for Vulnerability Management

Tenable Network Security, Inc., whose software identifies network security gaps before they are exploited by attackers, today announced $50 million in first-round funding from Accel Partners.

Tenable will use the funds to expand its innovative security offerings and accelerate global growth – while deepening its research into evolving threats that are becoming a critical trust issue for CEOs, regulators and customers worldwide.

“Security is a mainstream issue – especially with the explosion of mobile, cloud and virtual computing,” said Ron Gula, CEO of Tenable. “Serious network attacks are far more common than anyone wants to publicly admit – and our customers count on us to keep their networks safe.”

Tenable is the top choice for businesses of all sizes, governments and universities to manage network threats. The company’s flagship vulnerability management products, Nessus and SecurityCenter, are used by the most demanding security professionals and compliance auditors at 15,000 organizations worldwide, including:

  • The entire U.S. Department of Defense, where Tenable has become the
    vulnerability management standard
  • 12 of the 14 U.S. Federal Civilian Departments
  • Top Financial Services Companies: Barclays, Deloitte, RBS, Morgan
    Stanley, T. Rowe Price, Visa
  • Technology Leaders: Spotify, Dell, Etsy, Google, Intel, Microsoft,
    Skype, Apple, Yahoo
  • Top Universities: Brown, Dartmouth, Michigan, Ohio State, Purdue
  • Healthcare Leaders: Coventry, HealthSouth, Johnson & Johnson,
    Merck, Scripps, Sutter Health
  • Key Energy Players: Chevron, Chesapeake Energy, ConocoPhillips,
    ConEdison, Duke Energy, TXU
  • Retailer Innovators: Chipotle, GSI, Meijer, Diapers.com, Zappos.com
  • Media Visionaries: British Sky Broadcasting, CBS, Comcast, Time
    Warner, 20    th Century Fox
  • Telecom Providers: Alcatel Lucent, Bell Canada, British Telecom,
    Softbank Mobile, Verizon

Tenable’s user community has 1 million people who have learned the benefits of automated vulnerability scanning through their viral adoption of Nessus.

“Tenable is the thought leader in the rapidly growing and critical area of vulnerability assessment,” said Ping Li, General Partner at Accel, who will join Tenable’s board of directors. “IT security practitioners fight the constant battle to stay ahead of network attacks, and it’s only getting harder. Many of these practitioners globally rely on Tenable for their vulnerability management platform.”

Tenable’s SecurityCenter is the only security platform combining essential active and innovative passive vulnerability scanning, real-time network monitoring, and configuration and compliance management. Tenable’s Nessus, the industry’s most widely deployed vulnerability scanner, provides the deepest database of known vulnerabilities and compliance risks on the market today.

 


3GPP Long Term Evolution, ABI Research, Accel Partners, Advent Venture Partners, Atlas Venture, Ubiquisys, Venture Funding

Ubiquisys Gets $19 Million for 3G/LTE/WiFi Public Small Cell Hotspots

Ubiquisys, the developer of 3G and LTE intelligent small cells, today announced it has raised $19m in an oversubscribed round from new investors Mobile Internet Capital and Nissay Capital, together with existing investors including 5CCG/Sallfort Privatbank AG, Accel Partners, Advent Venture Partners, Atlas Venture and Yasuda. Ranked #1 by ABI Research in its Indoor Small Cells Vendor Matrix 2012, Ubiquisys will use the capital to generate further profitable growth and accelerate delivery of innovative tri-mode 3G/LTE/WiFi small cell hotspots. The company is building on its leadership position in residential and enterprise femtocells, where its adaptive radio technology has underpinned successful high volume deployments, working with more than 70 operators across the world.

Mobile service providers are experiencing unprecedented growth in mobile data consumption, as consumers across the world embrace the benefits of smartphones in vast numbers. Macro network augmentation, spectrum additions and LTE can only meet a fraction of the extra capacity needed to meet consumer expectations. As a result, small cell deployments in public spaces, incorporating combinations of 3G, LTE and WiFi, are forecast to grow very rapidly, as they multiply the capacity of mobile networks whilst driving down costs. Indoor public spaces such as cafes, malls, transport hubs and office public spaces are the immediate opportunity for this type of small cell technology. Indoor is where most mobile data is consumed, where there is abundant low-cost fixed broadband for backhaul, where there are millions of available sites serving WiFi today, and where macro network cooperation is fully proven.

Ubiquisys’ technology, developed in collaboration with leading companies including Texas Instruments and Broadcom, is increasingly being selected by operators to fulfill these needs and open new commercial opportunities. Working with Intel, Ubiquisys has pioneered the smart cell: part small cell hotspot, part powerful computing platform. This new class of small cell moves rich content, cloud applications and core networking capabilities right to the edge of the network, transforming the mobile user experience.

“Public access small cells require extremely high performance, resilience and fully automatic, adaptive capabilities. By building on the heritage of our volume residential and enterprise deployments, we are able to provide solutions which can meet the rigorous demands of operators in public spaces,” said Chris Gilbert, CEO Ubiquisys. “We remain uniquely placed to benefit from the ongoing exceptional growth in the small cell market and welcome this investment to help us meet this demand.”


Accel Partners, DocuSign, Google Ventures, Kleiner Perkins Caufield & Byers, Venture Funding

Google Ventures Backs DocuSign

DocuSign announced today that Google Ventures has joined in the company’s most recent financing round, bringing the total Series D funding to $55.7 million. Google Ventures joins investment lead Kleiner Perkins Caufield & Byers, along with Accel Partners, Comcast Ventures, SAP Ventures, and a large global institutional investor in this round. The company will use the funds to accelerate growth of the DocuSign Global Network via increased customer-focused R&D, deeper vertical industry solutions, and faster international expansion.

DocuSign’s secure, cloud-based platform helps consumers and businesses of all sizes and industries to complete transactions faster by eliminating the hassles, costs, and lack of security inherent in printing, faxing, scanning, and overnighting documents to capture information, payments and signatures. Companies use DocuSign to create better customer experiences and save money by automating and streamlining their business processes.

“The investment by Google Ventures highlights DocuSign’s value as a tech disruptor across the web and mobile platforms, from consumers to global enterprises,” said Keith Krach, DocuSign chairman and CEO. “DocuSign has become the global standard for eSignature by building a viral network of more than 20 million users that attracts 60,000 new users every day.”

“Electronic signatures are being rapidly adopted by enterprises, small businesses and consumers worldwide due to their convenience, security and ease of use,” said Karim Faris, partner, Google Ventures. “DocuSign’s market momentum, deep technology and strong team attracted us to them and we are excited to be working with the company as they scale their business worldwide extending their reach to hundreds millions of consumers.”

Global enterprises, business departments, individual professionals and consumers are standardizing on DocuSign, with 60,000 new users joining the DocuSign Global Network every day. Today, that network includes 20 million users who have DocuSigned more than 150 million documents in 188 countries – including employees at 90 percent of the Fortune 500. DocuSign is used to finish business faster across nearly every industry – from financial services, insurance, technology, healthcare, manufacturing, communications, real estate, consumer goods to higher education and others – as well every business department, including sales, finance, operations, procurement, HR/staffing, legal, and customer support.


Accel Partners, Business Processes, DocuSign, Kleiner Perkins Caufield & Byers, Scale Venture Partners, Venture Funding

DocuSign Gets $47.5 Million for Document Signatures Via Cloud

Image representing DocuSign as depicted in Cru...

DocuSign has secured $47.5 million in funding from premier investors, public funds, and strategic tech-industry leaders. Kleiner Perkins Caufield & Byers led the funding. Accel Partners and a large, global institutional investor joined in the funding round. Comcast Ventures and SAP Ventures provided additional investment joining existing tech industry partners salesforce.com and the National Association of REALTORS®. The company will use the funds to accelerate growth of the DocuSign Global Network via increased customer-focused R&D, deeper vertical industry solutions, and faster international expansion. The company also announced that Kleiner’s Mary Meeker, a noted Internet-industry expert, has joined its board of directors.

DocuSign’s legally binding, secure, cloud-based platform helps consumers and businesses of all sizes and industries collect information and sign documents online – eliminating the hassles, costs, and lack of security in printing, faxing, scanning, and overnighting documents to capture information and signatures. Companies use DocuSign to create better customer experiences and save money by automating and streamlining their business processes.

“This financing demonstrates the value the market places on innovative technologies that drive fundamental business transformation – particularly those with immediate ROI, viral adoption, and nearly unlimited application,” said Keith Krach, chairman and CEO, DocuSign. “DocuSign empowers anyone to sign anything, anywhere, anytime.”

“DocuSign has created a compelling and rapidly growing business by re-imagining an age-old basic service – signing documents,” said Mary Meeker, general partner, Kleiner Perkins. “DocuSign’s easy-to-use eSignature platform is transforming the way documents are processed and delivered, with record speed and efficiency. This financing highlights the appeal of the eSignature Transaction Management market and the value of DocuSign’s global, viral network.”

“We’re investing in DocuSign because electronic signatures have gone from a ‘nice to have’ to a ‘must have’, and DocuSign is the clear global leader in this industry,” said Philippe Botteri, Accel Partners. “We expect DocuSign’s growth to be exponential given the viral nature of their platform and the rapid adoption of mobile devices and tablets which makes DocuSigning that much more convenient.”

Global enterprises, business departments, individual professionals and consumers are standardizing on DocuSign with 60,000 new users joining the DocuSign Global Network every business day. Today, that network includes 20 million users who have DocuSigned more than 150 million documents in 188 countries – including employees at 90% of the Fortune 500. DocuSign is used to finish business faster across nearly every industry – including financial services, insurance, technology, healthcare, manufacturing, communications, real estate, consumer goods and higher education – and every business department – including sales, procurement, HR/staffing, legal, and customer support.

DocuSign’s growing customer base of 1.4 million paying users include companies like American Airlines, AON, Ariba, Auto Insurance Specialists (AIS), Bayer, BECU, BNY Mellon, Boston Scientific, BMW Financial Services, Box, California Closets, CB Richard Ellis, CenturyLink, Cisco, Comcast, Costco, Cox, DuPont, eBay, Expedia, Extra Space Storage, Haagen-Dazs Shoppe Company, HP, IKON Financial Services, Legal & General America (Banner Life and William Penn Life Insurance), LinkedIn, Madison Capital, Medtronic, Pinney Insurance, Siemens, Sony, TD Ameritrade Institutional, Toyota, Transamerica, United Automobile Insurance Services, Wellmark, Xerox, Yahoo!, and Yamaha.

DocuSign investors include Kleiner Perkins Caufield & Byers, Accel Partners, Comcast Ventures, SAP Ventures, Sigma+Partners, Scale Venture Partners, Frazier Technology Ventures, Ignition Partners, Second Century Ventures, WestRiver Capital LLC, salesforce.com, and the National Association of REALTORS®. To learn more about DocuSign, visit www.docusign.com.