Prolexic Technologies provides cloud-based DDoS mitigation and scrubbing services that absorb complex attacks and restore mission-critical internet-facing infrastructure within minutes. Founded in 2003 and led by CEO Scott Hammack, the company serves large banks and companies in e-commerce, SaaS, payment processing, travel/hospitality, gaming and other at-risk industries. It currently operates four scrubbing centers in London, Hong Kong, San Jose and Ashburn, Va. The company recently closed a $30M Series C funding round to expand its worldwide scrubbing center presence and increase the capacity of its platform beyond 1 Tbps. Prolexic also plans to use the proceeds to develop new cloud-based security services. The business emphasizes rapid mitigation for global enterprises and government clients. Prolexic Technologies provides cloud-based Distributed Denial of Service (DDoS) mitigation services and operates scrubbing centers in the Americas, Europe and Asia. The company says it can absorb the largest and most complex attacks and serves clients across banking, e-commerce, SaaS, payment processing, travel/hospitality and gaming. In 2011 Prolexic completed two financings led by Kennet Partners totaling US$15.9 million; the company was profitable last year and reported more than 55% growth in the most recent quarter. The new funding is intended to support staff, network and service augmentation and to accelerate growth. Prolexic plans to bring forward strategic initiatives and launch new cloud security services as part of its next stage of expansion. The company was founded in 2003 and is headquartered in Hollywood, Florida. Prolexic provides Cloud-based DDoS detection and mitigation services using proprietary mitigation and control software, global scrubbing centers, high-speed bandwidth, advanced routing, and patent-pending filtering techniques. Its service combines software, dedicated hardware, necessary bandwidth, and a global security operations team to protect customers regardless of an attack’s size or complexity. Prolexic serves the Federal Government and Global 2000 customers and says demand for its offerings has increased exponentially amid a surge in cyber attacks. The company emphasizes its unique filtering, peering, and routing capabilities as core differentiators. Management and investors cite growing adoption of cloud computing and rising attack sophistication as drivers of future demand. Prolexic completed a $13.9 million financing to support continued growth.

Total raised

$52M

Funding rounds

3

Latest round

Series C

Latest activity

Jul 2013