OVP backs RedSeal |
Register here for our next TechFlash Live networking event, March 23, featuring an expert panel discussing the future of online advertising.
Today On Techflash
- Doerr to step down from Amazon.com board
- Amazon warns Conn. over sales tax bill
- Why Windows Phone manager decided to leave
- AppStoreHQ rolls out Android app service
- New WTIA CEO on the state's tech industry
- Grisham changes tune on e-books
- IE9 preview: HTML5, accelerated graphics
- VC Susan Sigl to head tech group
Tech Events
Mass High Tech
OVP backs RedSeal
OVP Venture Partners was one of the most active venture capital firms in the country last quarter, according to data from TechCrunch. And the deals keep flowing. Today, the Kirkland venture capital firm led a $12 million investment in RedSeal, a San Mateo, Calif. software security firm.
RedSeal's technology automatically assesses an organization's cybersecurity makeup, attempting to identify data breaches before they occur. Its customers include Microsoft, Petsmart, Honda and Gap.
As a result of the deal, OVP's Mark Ashida has joined the board. OVP has been busy lately, but a significant portion of the deals are occurring outside the Seattle area.
For example, the firm recently participated in the $45 million round for Mountian View, Calif.-based Complete Genomics, the $11 million round for Advanced Inquiry Systems and the $14 million round for Boston's Novomer.
It looks like the OVP partners are going to be spending a little more time at Sea-Tac airport in the coming year
The firm also has been investingating deals in the security space, including Seattle-based Vantos and Mercer Island-based Napera Networks. Other investors in RedSeal -- which has raised more than $43 million -- include Venrock, Jafco Ventures, Sutter Hill Ventures and Leapfrog Ventures.
About John Cook
John Cook is co-founder and executive editor of TechFlash. He has been covering the technology beat for nearly a decade, writing about startups, entrepreneurs and venture capital, most recently serving as a reporter/blogger at the Seattle Post-Intelligencer.
READ FULL BIOGRAPHYRecent Sponsor Posts
Technology Tax Planning – Did You Take The Deduction?
Technology companies require professional advisors who can assist in all aspects of the business. The BDO Technology Practice provides a full range of services tailored to help address the changing needs of domestic and international companies. In addition to core audit and tax services, BDO professionals can assist technology companies with:
· Revenue recognition
· Business combination accounting
· R&D tax credits
· Compensation and benefits
· Business valuations
Backed by 38 national offices and an international network in 110 countries, we have the domestic and global footprint to serve growing technology companies. Contact sphilpott@bdo.com (audit partner), mreeves@bdo.com (audit partner), psmith@bdo.com (tax partner), tzambito@bdovaluation.us.com (valuation), tfiscus@bdo.com, Director, 206.624.2020
Join the Microsoft WebsiteSpark program and get software, support and visibility – at no upfront cost. You’ll benefit from fast and easy access to current Microsoft development tools, platform technology and server products including Visual Studio, Expression Studio, Silverlight, Windows Web Server 2008 and SQL Server 2008 Web.
Seattle-based Adhost is a WebsiteSpark hosting partner providing dedicated servers with free Windows Web Server 2008 and SQL Server 2008 licensing for three years to Web developers enrolled in WebsiteSpark. Servers are located in our secure data center with SAS 70 Type II certification, 24x7 technical support and 24x7 client access.
Job Listings
- Sr. Capture Manager - Civil Security Market
- Raytheon
- Dir-Physician Practice Information Services
- Overlake Hospital Medical Center
- Manager, Ops. Engineering - External - 713296
- Microsoft Corporation
- Senior Program Manager
- Microsoft Corporation
- Senior Software Development Engineer-Scientist - Core Speech - 711872
- Microsoft Corporation
