Sunnyvale-based cybersecurity company Cequence Security has secured $17 million in Series B funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced Feb. 27.
According to its Crunchbase profile, "Cequence Security is a venture-backed cybersecurity software company founded in 2014. Named a Gartner Cool Vendor in 2018, the company has developed the Cequence Application Security Platform (ASP), an open, distributed and scalable software platform designed to protect customers’ web, mobile and API applications from the growing number of malicious bot attacks. Cequence Security will be delivering multiple security service modules for ASP, each designed to work together, simplify security architectures and deliver strong protection for today’s hyper-connected organizations."
The five-year-old company has raised three previous funding rounds, including a $8 million Series A round in 2018.
The round brings total funding raised by Sunnyvale companies in software over the past month to $151 million. The local software industry has seen 61 funding rounds over the past year, capturing a total of $974 million in venture funding.
In other local funding news, training and customer service company Whatfix announced a $13 million Series B funding round on March 12, led by Eight Roads Ventures India.
According to Crunchbase, "Whatfix is a SaaS-based Performance Support platform, that helps enterprises and businesses simplify their training and support efforts with easily accessible contextual information. Whatfix’s platform is built with real-time interactive guidance technology at its core, which helps users achieve optimal performance by providing just-in-time guidance that enables them to perform tasks quickly and efficiently."
Founded in 2013, the company has raised five previous rounds, including a $3.6 million Series A round in 2017.
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