Proofpoint Closes $20mm Round
Widgets & RSS FeedsProofpoint closed a $20 million round this week, led by Bridgescale Partners. All previous investors participated, including Benchmark Capital; Inventures Group; JAFCO Ventures; Meritech Capital Partners; Mohr, Davidow Ventures and RRE Ventures. Proofpoint’s total raised capital is now more than $58 million.
Proofpoint does seem to be pushing harder on the problems of outbound content security than the other anti-spom/anti-virus appliance vendors, and though it doesn’t disclose dollar amounts, it’s clear that times are good, not only for Proofpoint, but for competing appliance vendors like Barracuda and IronPort. Still, the world doesn’t need as many mail appliance vendors as it has, and prices for appliances are starting to fall; only the well funded are likely to remain independent.
