palo alto networks
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Icon Ventures raises its biggest fund ever, though just by a smidgen
Funds have been ballooning in size as more money continues to flood into Silicon Valley, looking for higher returns than can be found elsewhere. VCs also like raising progressively bigger funds because doing so gives them bragging rights. Now Icon Ventures has closed its sixth fund with $265 million in commitments — its largest fund to date. Read More
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Crunch Network
What if cybersecurity followed physics?
The first cybersecurity unicorn kernel popped in late 2013 with the announcement of CloudFlare’s $50 million Series C investment. Today, 10 privately held companies hold membership in the ultra-exclusive cybersecurity unicorn club. With the addition of each new member, eyebrows are raised and questions are asked. Are cybersecurity unicorns outliers or are we at the start of a… Read More
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Crunch Network
As Symantec flexes its muscle in security, who will step up to the challenge?
As the security market shakes up in more ways than one, who wins, who struggles and who will get acquired next? Read More
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Google and Facebook push the president’s cybersecurity commission for transparency
Poisoned trust. Yearnings for transparency. The cyber Pearl Harbor. Executives from Google, Facebook, Dropbox and other major tech companies met with the president’s Commission on Enhancing National Cybersecurity at UC Berkeley yesterday. The discussion was laced with moments of high drama as industry representatives asked the commission to recommend reforms and technological advances… Read More
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Crunch Network
Palo Alto Networks And Preserving Culture From 15 People to $15B
Companies experiencing hyper growth also have a unique challenge: Maintaining the culture and energy that made them so disruptive in the first place. “One of the things that small companies excel at is innovation— having a culture of innovation. But what they don’t think about later is, when you get big, how do you keep that?” notes Palo Alto Networks CEO and Chairman… Read More
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KeyRaider Malware Responsible For Possibly Largest Known Apple Account Theft To Date, Affecting 225,000 Users
Jailbreaking your iPhone has its downsides. In what’s being called the “largest known Apple account theft caused by malware,” security specialists Palo Alto Networks on Sunday released a report detailing a new form of iOS malware it’s calling “KeyRaider,” which is responsible for stealing the account information from over 225,000 Apple customers. The… Read More
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Crunch Network
10 Rules Successful Startups Should Follow
Having launched over 35 startups in our decade of operation, we’ve been fortunate to be involved with our share of ‘unicorns’ (Palo Alto Networks, Nimble Storage) and really nice white stallions (Sumo Logic, Trifacta and Snowflake Computing). Given the wide range of companies we’ve worked with—and their equally wide range of success/failure—we’re… Read More
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Palo Alto Networks Buys Cyber Security Startup Founded By Former NSA Engineers, Morta
In its first acquisition, security company Palo Alto Networks is acquiring stealthy cyber security startup Morta Security. Financial details were not disclosed about the transaction, but Morta raised over $1 million from Andreessen Horowitz, Data Collective, Greylock Partners, Norwest Venture Partners, Data Collective, Larry Link, and Peter Wagner. Read More
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Sequoia’s Jim Goetz: Shocking More Startups Are Not Building For The Enterprise
In a discussion on stage at TechCrunch Disrupt in San Francisco today, Sequoia Capital’s Jim Goetz said it is shocking that more startups are not focused on the enterprise. It’s the notion of reinventing the IT stack that holds such opportunity, Goetz said. And it’s an opportunity for everyone in the Disrupt audience. Companies like Salesforce.com have helped pave the way… Read More
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In First Earnings Report Post-IPO, Palo Alto Networks Beats, Sees Q4 Revenue Up 88% To $75.6M
Today, security company Palo Alto Networks reported its first earnings since becoming a public company in July. Revenue for the fourth quarter grew 88 percent year-over-year to $75.6 million, compared with $40.2 million in the fiscal fourth quarter of 2011. The company saw a GAAP net loss for the fiscal fourth quarter of $4.6 million, or $0.18 per basic and diluted share, compared with a net… Read More
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Firewall Company Palo Alto Networks Up 26% In IPO
Palo Alto Networks shares climbed 26% in its first day of trading today on the New York Stock Exchange. Shares closed at $53, up from its $42 offering price.The company offered 6.3 million shares in trading. The price of the share were originally offered at range of $34 to $37. It was increased to a range of $38 to $40 earlier in the week. Read More
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Kayak And Palo Alto IPOs Looking Better Than Facebook’s (Whew!)
Happy IPO Friday! Two tech startups are making their public debuts today: Palo Alto Networks and Kayak Software, and so far, so good on both. Morgan Stanley, scapegoat for the troubled Facebook IPO brouhaha, is leading both, for what it’s worth. Kayak priced its IPO last night at $26 per share, and is looking to raise $91 million at a valuation of $1 billion. Originally, the travel… Read More
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MobiTV Pulls Its IPO: Unfavorable Market Conditions, Or Unfavorable Business Model?
At the end of August, mobile TV and video platform MobiTV filed its S-1 and announced its plans for a $75 million initial public offering. Founded in 1999, the company had been one of the early movers in the movement to bring live and on-demand TV to mobile devices, which led to partnerships with NBC, ESPN, Disney, CBS, and a bunch of other sizable media companies. The company closed over… Read More
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Security Company Palo Alto Networks Files For $175 Million IPO
Palo Alto Networks, a security software company, has filed its S-1 for a public offering, aiming to raise as much as $175 million. The company was rumored to be in the process of filing earlier this year. Founded by Nir Zuk, the company develops enterprise-grade firewalls for companies that give visibility and granular policy control of applications and content, through hardware and… Read More
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