Industry News: Cyber

Versa Raises $120M for Its Software-defined Networking and Security Stack

Written by Cybersecurity | Oct 28, 2022 2:58:03 PM

2022-10-27

Techcrunch: Networking and cybersecurity firm Versa announced that it raised $120 million in a mix of equity and debt led by BlackRock, with participation from Silicon Valley Bank. CEO Kelly Ahuja tells TechCrunch that the proceeds, which bring Versa’s total capital raised to $316 million, will be put toward go-to-market efforts and scaling the company. He demurred when asked what percentage of the financing was equity versus debt.

Read more...