Bastille Raises $44 Million Series C Investment Led by Goldman Sachs Asset Management
Bastille on track to double Annual Recurring Revenue after growing 3x in 2023
Previous investor Bessemer Venture Partners also participates in the round
Growth Equity at Goldman Sachs Asset Management is dedicated to investing in high-growth businesses with strong market positioning, and durable business models. Zartasha Chaudhry, of Goldman Sachs, will join Bastille’s Board of Directors to advise on the company's next stage of growth.
With the proliferation of radio frequency devices in people’s pockets, in buildings, in business, and in industry, there has been an explosion in wireless vulnerabilities that are not detectable by existing security technologies. Bastille provides its commercial customers with the ability to detect every wireless device in every facility, to watch each device’s behavior, and to evaluate that traffic for threats which would otherwise not be seen. Bastille then provides customers’ security teams with the locations of all devices violating their security policies. A key design feature of Bastille’s technology is the ability to integrate with the customer’s existing security systems and procedures.
“This
“Bastille has transformed the wireless threat detection space by building an advanced, multi-tiered platform providing real-time, continuous wireless threat intelligence. Our investment reflects our thesis that, as sophistication of wireless threats continues to grow, Bastille is primed to meet the needs of customers across the enterprise and federal sectors,” said Zartasha Chaudhry, Vice President in Growth Equity at Goldman Sachs Asset Management.
About Bastille Networks
Bastille is the leader in enterprise wireless threat intelligence through software-defined radio. Bastille provides full visibility into the known and unknown mobile, wireless, and Internet of Things devices inside an enterprise’s corporate airspace – together known as the Internet of Radios. Through its patented software-defined radio and machine learning technology, Bastille senses, identifies, and localizes threats, providing security teams the ability to accurately quantify risk and mitigate airborne threats that could pose a danger to network infrastructure. To learn more please visit https://bastille.net or follow us on LinkedIn.
About Growth Equity at Goldman Sachs Asset Management
Goldman Sachs (NYSE: GS) is one of the leading investors in alternatives globally, with over
The business is driven by a focus on partnership and shared success with its clients, seeking to deliver long-term investment performance drawing on its global network and deep expertise across industries and markets.
The alternative investments platform is part of Goldman Sachs Asset Management, which delivers investment and advisory services across public and private markets for the world’s leading institutions, financial advisors and individuals. Goldman Sachs has over
Since 2003, Growth Equity at Goldman Sachs Asset Management has invested over
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Press
Justin Fry
Bastille Networks
justin@bastille.net
Noe Sacoco
Sacoco PR
(408) 340-8130
noe@sacocopr.com
Source: Bastille Networks, Inc.