Venture Capital for Database Security Company, Sentrigo

With the end of the year and the holidays coming one might think that even companies have taken some time off. This hypothesis is far from the real thing though. Recently, there have been many companies that have raised a lot of money from investors to prepare for the years to come.

Sentrigo, a database security company, based in Woburn, Massachusetts, is not exception to the rule. This Tuesday the company’s officials announced that they have raised $6 million in series C funding. The founding round was led by the Sunnyvale based investor, Juniper Networks Inc. with the participation of the Menlo Park venture capital company, Benchmark Capital and the Stata Venture Partners.

Douglas Murray, Senior Vice President and General Manager at Juniper Networks said that “With Juniper’s leadership and focus on securing the next generation data center, we believe there are significant synergies with companies such as Sentrigo. As the market continues to move toward virtualization and cloud computing, Sentrigo is in a unique position to protect sensitive data, leveraging the strengths of its distributed architecture. We look forward to working with the company through this investment.”

Nathan Shuchami, the Chief Executive Officer of Sentrigo, says that “Sentrigo’s approach to securing sensitive information is a key enabler to cloud computing, allowing organizations to deploy the applications they desire while maintaining compliance. We have experienced tremendous growth this year, and as more and more customer infrastructure moves to the cloud, Sentrigo is uniquely positioned to become the leading provider of real time protection for critical data. Backed by both customer and investor support, we look forward to continuing to innovate with our products, and to bringing their benefits to a wider range of users.”

The financing will enable Sentrigo to increase its marketing and sales at a global level in maintaining it rapid rate of revenue growth. Also, the money will allow the company to continue with the expansion of its data integrity solutions for the cloud and database security.

The $6 million is not the only funding project of the company. Sentrigo has had two more rounds of funding, one in series A in 2007, in amount of $3.5 million and another in series B funding in 2008.

Among Sentrigo’s compliance solutions and database security include components for assessment the vulnerability, virtual patching, real time monitoring and low overhead audit. Sentrigo’s product allows effective and efficient operation regardless of the deployment model. Sentrigo Hedgehog Enterprise is aimed to protect sensitive data from external attacks and from insiders’ misuse. The Hedgehog Enterprise can be easily set up in the small, middle-sized and large businesses, providing complete visibility into the entire activity of the database and permitting companies to implement security policy.