Solera Secures $7M

LINDON, Utah -- Solera Networks, a provider of innovative network forensics software solutions, today announced it has raised an additional $7 million in Series B venture funding, led by new investor Allegis Capital. Solera Networks existing investor, Canopy Ventures, is also participating in the round.

Proceeds from the funding will be used to accelerate growth in sales and marketing activities, including opening the company’s new office in Washington, DC and expansion of its Japanese operations.

Solera Networks president and CEO Steve Shillingford said, “We’ve always believed that today’s information assurance strategies are missing a fundamental component – the ability to go back in time to quickly find the source of a breach, remediate the failure, and fortify the network. We see this funding as validation for the need to shift toward planning for these inevitable failures by investing in network forensics solutions like those from Solera Networks.”

Solera Networks Inc.