REDWOOD CITY, Calif., Aug. 25, 2016 (GLOBE NEWSWIRE) -- BlueTalon, Inc., today announced it has closed $16 million in Series A financing led by Maverick Ventures, with participation from new investor Arsenal Venture Partners and existing investors Signia Venture Partners, Data Collective, Divergent Ventures, Bloomberg Beta, and Stanford-StartX Fund. The new funding will be used for continued expansion of BlueTalon’s development and sales teams to address the increasing demand for BlueTalon’s data-centric security solutions which provide unparalleled control and visibility at the data layer. With this round of financing, Matthew Kinsella, Managing Director at Maverick Ventures, has joined the BlueTalon board of directors. To date, BlueTalon has raised over $25M in funding.
BlueTalon is redefining how enterprises secure their big data initiatives. By unifying security policies across multiple data platforms, BlueTalon enables organizations to enforce consistent data access controls on increasingly complex data infrastructures. BlueTalon also delivers unprecedented visibility at the data layer and enables businesses to monitor all data activities. The result is both cost savings around compliance as well as significantly enhanced security.
Matthew Kinsella, Managing Director, Maverick Ventures, said, “We are tremendously impressed by BlueTalon’s customer traction – their customers are some of the toughest and savviest big data players, and have indicated they are doubling down on BlueTalon to secure their new data initiatives. At a time when many organizations feel overwhelmed by data breaches, cybercrime, and ever tightening regulations, BlueTalon brings a ground-breaking approach to data security. We look forward to being part of this new wave of data-centric security solutions.”
Jason Rottenberg, Managing Partner, Arsenal Venture Partners, said, "We are continuously evaluating the security market and the growing demand of enterprises and government agencies for better data protection. Today’s data initiatives have amplified the need for a different approach. We are delighted to be part of BlueTalon’s next phase of growth as the company leads the way in data-centric security.”
Eric Tilenius, CEO of BlueTalon, added, “As organizations continue to embrace new digital initiatives, blind spots at the data layer are creating new security and compliance risks for businesses. We’re very excited to work with such respected venture capital firms to keep expanding the breadth and depth of our solution while we aggressively develop our go-to-market activities.”
About BlueTalon, Inc.
BlueTalon is a leading provider of data-centric security for big data and new data initiatives. The BlueTalon Policy Engine delivers precise, consistent, and dynamic user access controls to data across Hadoop, Spark, and SQL-based data platforms. The BlueTalon Audit Engine provides a full audit trail at the level of detail required for compliance to regulations: user and data.
Fortune 100 companies have deployed BlueTalon to eliminate security blind spots and gain visibility and control at the data layer across cloud-based and on-premises environments. BlueTalon was named a 2016 Gartner “cool vendor” and has won numerous security and big data awards.
Learn more about BlueTalon at http://www.bluetalon.com
About Maverick Ventures
Maverick Ventures is the venture capital fund affiliate of Maverick Capital, a 23-year-old hedge fund with over US$10 Billion under management. Maverick Capital, Ltd. was founded in 1993 and has been registered with the Securities and Exchange Commission as an Investment Adviser since 1994.
Learn more about Maverick Ventures at http://www.maverickventures.com