Venture Capital News: Pwnie Express Nets $12.9M
BOSTON, MA, Pwnie Express, a Boston-based provider of wireless and wired threat protection solutions, has raised $12.9 million in Series B funding.
Pwnie Express, the leading provider of device threat detection, today announced the appointment of Kasha Gauthier as CFO, Bo Thurmond as Vice President of Sales and Services, and Dimitri Vlachos as Vice President of Marketing. These appointments come on the heels of $12.9M of Series B funding led by Ascent Venture Partners, with new investments from MassMutual Ventures LLC and existing investors .406 Ventures, Fairhaven Capital and the Vermont Center for Emerging Technologies (VCET)
'I am very excited about the additions of Kasha, Bo, and Dimitri,' says Paul Paget, CEO of Pwnie Express. 'Q1 sales of our SaaS platform, Pulse, have more than tripled compared to Q1 2015, as we have exceeded 100 customers. The combination of our new funding and expanded executive team puts us in an incredibly strong position to lead this emerging market.'
Pwnie Express is the market leader in addressing the threat landscape related to BYOD, IoT and rogue devices in the enterprise. The Pwnie Express SaaS platform, Pulse, is unique in its ability to detect, assess and respond to device threats, providing security professionals unprecedented visibility and control over this new threat landscape. These new additions bring proven executive management experience to Pwnie Express.
Kasha Gauthier comes to Pwnie Express with 15 years of leadership experience in financial management and operations at organizations ranging from startups to Fortune 100 companies. She was most recently at RSA, where she held a series of strategic roles across finance, operations and marketing.
Prior to that at EMC, she led sales operations for the NY/NJ division, and implemented Sarbanes Oxley across the corporation. She began her career in public accounting, where she earned her CPA and performed forensic audits and consulting for distressed companies. She has a deep passion for Infosec, including cybereducation and cybersafety and advances these missions through her extracurricular activities.
Bo Thurmond is an accomplished, results-oriented sales professional with more than 20 years of experience at technology companies in a variety of growth stages. Prior to joining Pwnie Express, Thurmond served as Vice President of North American Sales at Digital Lumens, where he played an integral role in growing sales over 400% in three years. He has also held executive sales positions at Sanbolic (acquired by Citrix), Mazu Networks (acquired by Riverbed), and Arrowpoint (acquired by Cisco).
Dimitri Vlachos brings over 15 years of marketing leadership in both startups and established corporations to Pwnie Express. Most recently he served as VP of Marketing at ObserveIT where he was responsible for scaling demand generation and establishing the company as a leader in Insider Threat management. Before that, he served as VP of Marketing and Products at Riverbed Technologies, where he was responsible for all marketing and products across the $250M performance management business unit. He has also held roles at Mazu Networks (acquired by Riverbed), Cisco, and BBN (acquired by GTE).
About Pwnie Express:
Pwnie Express provides the industry's only solution for continuous detection, identification and classification of wireless, wired and Bluetooth devices putting organizations at risk. Connected devices in the enterprise represent one of the fastest growing threats, unaddressed by existing security solutions. The Pwnie Express SaaS platform, Pulse, provides complete device coverage, including employee owned (BYOx), rogue and company-owned devices across the entire enterprise, including remote sites. To learn more about Pwnie Express visit www.pwnieexpress.com.
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