DB Networks announced a $17 million financing on December 9, 2014. Grotech Ventures led the round, with Khosla Ventures and Citi Ventures participating; Grotech general partner Joe Zell joined the company’s board. The announcement did not disclose the financing stage or a company valuation.
Who invested in DB Networks?
Grotech Ventures led the financing, and Khosla Ventures and Citi Ventures also took part. Joe Zell, a Grotech Ventures general partner, joined DB Networks’ board of directors as part of the announcement. DB Networks’ December 9, 2014 announcement did not specify the round’s stage or valuation.
What did DB Networks do?
At the time, DB Networks described itself as a cybersecurity company focused on database and core-network protection. Its stated approach used behavioral analysis to learn normal interactions between applications and databases, then continuously monitored those interactions to identify attacks. These were claims about the company’s technology, not independently verified performance results.
Contemporaneous SecurityWeek coverage also discussed the DBN-6300 appliance and database monitoring. That is historical product context; current product availability has not been established. The funding announcement described enterprise customer sectors but did not name individual customers.
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What did the investors and company say about the funding?
Citi Ventures managing director for investing Ramneek Gupta said the firm sought technologies and solutions to improve the security and well-being of financial and enterprise networks. Grotech’s Joe Zell characterized DB Networks as a distinctive approach to protecting core databases from advanced threats and said he expected large companies facing those threats to need the solution. These were investor assessments in the issuer’s announcement, not independent evaluations.
DB Networks chairman and CEO Brett Helm said the funding would support further innovation, portfolio expansion and business growth. The announcement framed the company’s approach as intelligent, continuous monitoring.
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What the announcement does not establish
- It does not disclose the financing stage or DB Networks’ valuation.
- It does not independently demonstrate the effectiveness of the company’s technology.
- It does not confirm whether DB Networks or its products remain available today.
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