DB eVentures, a private equity arm of Deutsche Bank, has led a $14m second round of financing for Gilian Technologies Inc, a developer of technology designed to spoil the fun for computer hackers. Chase Capital Partners and Polaris Venture Capital are return investors in the company. Ascend Technologies and Evergreen joined this round.
Gilian, based in the US, will use its second round of financing to expand its sales and marketing organisations and grow research and development. Gilian is a provider of solutions used to assure website security and website availability. A study completed by Gartner Group this month puts the market for Gilian’s solution at $3.1bn.
The investment is consistent with DB eVentures’ focus on partnering and funding firms whose technology can be used by Deutsche Bank, its clients, and the wider financial community. Gilian’s G-Server device is designed to help financial institutions preserve their core asset of providing trust and integrity to the online world.
Matthias Brandl, chief investment officer of Deutsche Bank eVentures, said: “We invested in Gilian because of its thought and product leadership in the security marketplace.”
Rafael Feitelberg, CEO of Gilian, said: “Our investors have clearly validated the market potential for our solution in a variety of industries. This round will help us to continue to grow our leadership position.”