Paladin Capital backs $23m Endgame Series B round


big-brother-security-camera-CCTVPaladin Capital Group has become the latest venture investor to back online security company Endgame through a $23m financing round.

Existing Endgame investors Bessemer Venture Partners, Columbia Capital and Kleiner Perkins Caufield & Byers also took part in the Series B round.

Paladin managing director Kenneth Minihan, a former director of the US National Security Agency, will join the Endgame board as part of the investment.

He said, “The cyber domain will be increasingly important across all dimensions of national power – military, economic, and informational.

“Endgame’s revolutionary technology allows its customers to use intelligence seamlessly to gain situational awareness and support their end-to-end network operations.”

The company said it planned to use the financing to grow its existing customer base and expand into the commercial market.

Last month Lightspeed Venture Partners led a $17.7m Series B financing round for real-time security analytics company Click Security.

Citi Ventures and existing investor Sequoia Capital also took part in the round, which brings Click’s total funding to $24.7m.

The company said the money would be used to expand sales, marketing and engineering. Sequoia previously led a $7m Series A round for the business in 2011.

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