Endgame, Inc. Raises $23M Series B Round of Equity Financing
HERNDON, Va., March 13, 2013 /PRNewswire/ -- Endgame, Inc., a leading provider of battle-tested cyber security solutions, announced today that it has closed a $23 million Series B equity financing to fund growth in its existing federal customer base as well as expansion into the commercial market.
Led by new investor Paladin Capital Group, a multi-stage private equity firm providing capital and strategic guidance to growing companies, the Series B includes participation from existing investors Bessemer Venture Partners, Columbia Capital, Kleiner Perkins Caulfield & Byers and TechOperators. Lt. General (Ret) Kenneth A. Minihan, former Director of the National Security Agency and Managing Director at Paladin, will join the Endgame Board of Directors.
"The cyber domain will be increasingly important across all dimensions of national power – military, economic, and informational," said Lt. General Minihan. "Endgame's revolutionary technology allows its customers to use intelligence seamlessly to gain situational awareness and support their end-to-end network operations."
As part of its expansion, Endgame has recruited several new executives to the company's management team, including: Nathaniel Fick, who joined as CEO in November, replacing Chris Rouland who remains a Founder and board member of the company; Niloofar Howe, who joined as Chief Strategy Officer to lead the company's efforts in market and product strategy, as well as business and corporate development; and Matt Georgy, who joined Endgame as CTO after a decorated career as a senior executive at the Department of Defense supporting all aspects of computer network operations. Endgame's new Chairman of the Board, Christopher Darby, has deep expertise in the intelligence space as the current President and CEO of In-Q-Tel, the independent strategic investment firm supporting the missions of the U.S. Intelligence Community.
"The cyber needs of federal and commercial entities are converging as states look beyond targeting other states to target private companies, and national security thinking must increasingly account for private infrastructure," said Nate Fick, CEO of Endgame. "I'm excited about leveraging the solutions and technology that our mission partners depend on to help businesses with comprehensive command and control of their network operations."
Endgame's cyber operations platform provides real-time command and control, analytics, data visualization and knowledge discovery capabilities that support safety and security in cyberspace by revolutionizing the detection and mitigation of cyber-threats. Founded in 2008, Endgame is backed by Bessemer Venture Partners, Kleiner Perkins Caulfield & Byers, Columbia Capital and Paladin Capital Group. The company has offices in Northern Virginia, Maryland, San Antonio, and Atlanta. For more information, please visit http://www.endgame.com.
About Paladin Capital Group
Paladin Capital Group is a leading multi-stage private equity firm providing capital and strategic guidance to growing companies in the IT, telecommunications and alternative energy sectors. The firm focuses on companies with products and services that are "dual use" in nature, serving both commercial and government customers. Paladin has over $950 million dollars of committed capital across multiple funds and has invested in over 50 portfolio companies. For more information, please visit http://www.paladincapgroup.com.
SOURCE Endgame, Inc.