Tuesday, November 25, 2008

StillSecure Snags $5M In Venture Debt

Superior, Colorado-based StillSecure said Monday that the firm has raised $5M in a venture debt financing, from Silicon Valley Bank. According to StillSecure, it will use the financing to "maximize investments" across its business, and to better insulate itself from the current and future economic climate. Terms of the venture debt round were not disclosed. StillSecure is a provider of network access control (NAC), intrusion detection (IDS), and other security products.