New Enterprise Associates led the investment round, with full pro-rata participation by Sequoia Capital, Greylock Partners and Lexington Ventures. With more than 27 patents pending, only PortAuthority stops information leaks by continually monitoring internal and outbound communications and delivering policy enforcement in a real-time and accurate manner. The financing will go toward funding the companys sales and marketing expansion to take advantage of one of the fastest growing security market segments. The company also announced that security industry stalwart Krishna Kolluri will represent NEA on the board of directors.”]
Source: https://www.darkreading.com/attacks-breaches/portauthority-closes-round