Observable Networks Completes $2 million in Convertible Debt Funding
St. Louis, MO (PRWEB) May 02, 2016 -- Additional Investment from MK Capital to Drive Growth Initiatives and Sales and Marketing Activities
Observable Networks, an emerging leader of network security technology and advanced threat detection services, today announced that it has completed a financing round of $2 million with new participation from MK Capital, a venture capital firm that provides multi-stage growth and venture capital to companies in the cloud infrastructure, digital media and software industries.
This new investment will be used to fund the growth of Observable Networks’ sales and marketing team and increase awareness regarding the company’s Dynamic Endpoint Modeling technology and its cloud-based service.
“We wanted to invest in Observable Networks because its endpoint modeling technology leveraged a unique approach to threat detection unlike anything else in the security market,” said Bret Maxwell, managing director of MK Capital. “When you consider Observable’s software-as-a-service (SaaS) delivery model, which doesn’t rely on agents or expensive appliances, it’s a compelling offer for clients and an attractive opportunity for MK Capital.”
“Additional funding from MK Capital is a sign of confidence in our technology and the opportunity we have in the security market today,” said Bryan Doerr, chief executive officer of Observable Networks. “Dynamic Endpoint Modeling is helping our clients overcome the challenges of legacy network security solutions and increase their overall security. This new funding will help us in reaching new prospects, establishing our partner network and growing our business.”
Observable Networks is committed to helping its clients analyze the behavior of endpoint devices on their network so they can identify and remediate potential security issues. Learn more at http://www.observable.net.
About MK Capital
MK Capital invests in early and growth stage companies in the software and digital media industries. The firm’s partners, who average over fifteen years of venture capital experience, partner with entrepreneurial management teams to build leading companies in emerging markets. MK Capital manages over $250 million in capital and has deep domain expertise in the marketing, education, and cloud infrastructure industries. The firm is headquartered in Chicago and has an office in Ann Arbor. http://www.mkcapital.com
About Observable Networks, Inc.
Observable Networks, Inc. is an emerging leader of network security technology and advanced threat detection services that identify compromised and misused networked devices currently escaping detection by network security tools. Observable’s endpoint modeling technology includes a cloud-based service platform incorporating automated security analytics and real-time traffic sensors that continuously model all devices on networks of any size. Observable empowers organizations to understand normal and abnormal device behaviors in their networks, helping them to identify potential threats and facilitate faster remediation. Observable Networks is a privately held company headquartered in St. Louis, MO. For more information, please visit https://observable.net/.
Ron Sterbenz, Observable Networks, Inc., https://observable.net/, +1 612-920-0580, [email protected]
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