PacketSled Raises $5M for Automated Cybersecurity Monitoring System

PacketSled, a cybersecurity startup based in suburban San Diego, has raised $5 million in a Series A funding round led by Keshif Ventures, a local angel investment fund that has put money into dozens of tech startups in the San Diego area. Two other small funds, Blu Ventures and JHS Ventures joined in the round.

Founded in Del Mar, CA in 2012, PacketSled has developed cloud-based technology that continuously monitors its customers’ computer networks, and provides automated intrusion detection, response, and forensics capabilities. The company also has an office in Seattle.

PacketSled plans to use the capital to embark on new marketing initiatives and make additional hires in sales, engineering, and operations, according to a recent statement. The company raised $3 million in a 2013 seed round.

Company officials are attending the side-by-side Black Hat and Defcon cybersecurity conferences in Las Vegas this week, and did not respond to queries Monday from Xconomy.

“PacketSled presents an extremely compelling platform for executives to get visibility into governance and compliance issues while also providing incident responders with the ability to investigate, hunt, and validate anything in their environment,” Keshif Ventures founder and general partner Taner Halicioglu said in the statement.

The company said its technology automates the hardest parts of investigating a network security breach, and provides an easy-to-understand dashboard that visualizes problems for customers.

Author: Bruce V. Bigelow

In Memoriam: Our dear friend Bruce V. Bigelow passed away on June 29, 2018. He was the editor of Xconomy San Diego from 2008 to 2018. Read more about his life and work here. Bruce Bigelow joined Xconomy from the business desk of the San Diego Union-Tribune. He was a member of the team of reporters who were awarded the 2006 Pulitzer Prize in National Reporting for uncovering bribes paid to San Diego Republican Rep. Randy “Duke” Cunningham in exchange for special legislation earmarks. He also shared a 2006 award for enterprise reporting from the Society of Business Editors and Writers for “In Harm’s Way,” an article about the extraordinary casualty rate among employees working in Iraq for San Diego’s Titan Corp. He has written extensively about the 2002 corporate accounting scandal at software goliath Peregrine Systems. He also was a Gerald Loeb Award finalist and National Headline Award winner for “The Toymaker,” a 14-part chronicle of a San Diego start-up company. He takes special satisfaction, though, that the series was included in the library for nonfiction narrative journalism at the Nieman Foundation for Journalism at Harvard University. Bigelow graduated from U.C. Berkeley in 1977 with a degree in English Literature and from the Columbia University Graduate School of Journalism in 1979. Before joining the Union-Tribune in 1990, he worked for the Associated Press in Los Angeles and The Kansas City Times.