IPLocks Locks Up $11M

Database security startup IPLocks has clinched $11 million in Series D funding as the vendor plans to expand its global operations and exploit compliance initiatives around the world.

The Series D, which brings IPLocks' total funding to $23 million since 2002, was provided by a group of institutional and individual investors. Ron Radcliff, the startup's vice president of business development, however, would not reveal the identity of these backers.

But Radcliff was a little more forthcoming on what the firm will do with its cash influx. "What we're doing is expanding our field sales support. We're also enhancing our marketing awareness campaigns," he says, adding that the firm's R&D efforts will also get a boost.

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James Rogers, Senior Editor, Byte and Switch