Prolexic Technologies announces $30m investment led by new investors

Prolexic Technologies, a Florida-based private company that provides Distributed Denial of Service (DDoS) protection to online businesses, today announced a new $30 million (£19.6 million) funding round led by new investors Trident Capital and Intel Capital.

This latest round of financing comes as the company announced a 65 per cent year on year revenue increase. Prolexic's existing shareholders include Kennet Partners, Camden Partners and Medina Capital.

Following the new investment, Trident Capital's Managing Director Gustavo Alberelli will join Prolexic's Board of Directors.

"For the past two years, I have seen companies and government agencies around the world repeatedly select Prolexic for DDoS protection, cementing the firm's position as market leader," Alberelli said. "I'm excited to continue working with Prolexic management and providing Trident's IT security expertise to help Prolexic continue its rapid expansion."

This year has seen Prolexic deal with two of the largest DDoS attacks ever: A 167Gbps attack, the biggest Prolexic has seen, and the world's most powerful attack campaign which sent data at 144 million packets per second.

Prolexic will use the new funding to expand its worldwide "scrubbing centers", increasing the capacity of its cloud-based DDoS platform. The company currently operates four scrubbing centres located in London, Hong Kong, California and Virginia. The company also plans to develop new cloud-based security services.

"We are pleased to partner with seasoned security investors like Trident Capital and Intel Capital," said Scott Hammack, CEO of Prolexic. "With this additional funding, we will be able to accelerate a number of strategic initiatives as we continue to expand our portfolio of cloud-based products and industry-leading DDoS protection services."

Image credit: Facebook (Prolexic Technologies)