Round of the Week – CounterTack

Cybersecurity firm CounterTack has raised an additional $5M to bring their total Series B funding to $20M. The endpoint security player, who considers Mandiant (now FireEye owned Mandiant…) its biggest competitor will use this new funding to scale and expand their offerings.

Name: CounterTack

Website: www.countertack.com

Funding to Date: $34.5M ($14.5M Series A, $20M Series B)

Deal Notables: Two things of note on this round:

  1. This seemed to be a tranched round of some sort in that news clippings for this Series B go back as far as October 2013. We here at C:V. have never heard of a round having multiple closes of differing amounts over this long of a timeframe so we can only decipher that it was a tranche/milestone type round or that other investors were somehow able to get in at the B round price almost a year after the initial raise. Either way it seems the company is hitting on all cylinders and is well deserved of the additional funding to keep up with demand.
  2. The investors are a solid mix of future partners (Alcatel-Lucent), Private Investors (Fairhaven Capital Partners), and Public Investors (OnPoint Technologies – the US Army’s VC arm) and we really like to see when the OnPoint’s and In-Q-Tel’s of the world join in on investments to not only further the interests of national security but also help foster innovation in the security sector.