Home » Hardware, Picture Gallery » Tempered Networks Completes Initial Round of Financing and Expands Board of Directors

Tempered Networks Completes Initial Round of Financing and Expands Board of Directors

SEATTLE, WA — (Marketwired) — 12/17/14 — , a provider of secure connectivity for critical infrastructure and information, today announced that Erik Swan, co-founder of machine-data specialist Splunk, has joined its Board of Directors. In addition, Tempered Networks has completed a bridge round of financing, raising $5 million in addition to the $2 million of seed funding obtained earlier in the year.

“Tempered Networks is facing an opportunity that goes hand-in-hand with my experience at Splunk, including the technology breakthroughs of analyzing and harnessing machine data,” said Erik Swan. “The data explosion is only going to intensify with the spiraling growth of industrial control systems along with machine to machine communications, which can be gold dust for operational intelligence. Tempered Networks is poised to be a game changer and I–m thrilled to join the board supporting the company during their rapid growth.”

“We are very fortunate to add someone of Erik–s caliber, experience and track record to our team,” said Jeff Hussey, President and CEO of Tempered Networks. “We look forward to incorporating his vision and deep domain expertise in enterprise and industrial log and machine data as we add such solutions to our product offerings.”

Tempered Networks video

SC Magazine showcases Tempered Networks as a

Tempered Networks named

meets the security and connectivity challenges for businesses who rely on critical infrastructure, industrial control systems (ICS), and the Industrial Internet of Things (IIoT). The company provides a Virtual Private Overlay Network architecture that orchestrates identity and trust management. Organizations can cloak their critical infrastructure devices, while allowing them to communicate over secure encrypted channels. Tempered Networks– deployment model bridges IT and OT (Operational Technology) imperatives by delegating control of overlay networks, with centralized governance and oversight. This model increases an organization–s profits, reduces TCO, and improves internal IT customer satisfaction. The includes a comprehensive HIPswitch product line that matches the fit, form, and function of the target applications on trusted and untrusted networks. Key industries that benefit today from the solution include Public Utilities (Power, Water and Gas) Oil & Gas, and Manufacturing. For more information go to temperednetworks.com.

You can also follow us on Twitter @TemperedNW or visit us on LinkedIn for more information about the company.

Forward-looking statements. Certain statements contained in this press release may constitute forward-looking statements. Such statements include, for example, statements regarding the Company–s or management–s beliefs, expectations, estimations, plans, projections and similar statements. Any such forward-looking statements involve risks, uncertainties and other factors that may cause the Company–s actual results and performance, or industry results to be materially different from any results or performance expressed or implied by such forward-looking statements. These forward-looking statements speak only as of the date of this press release and there can be no assurance that the results and events contemplated by such forward-looking statements will, in fact, occur. The Company expressly disclaims any obligation or undertaking to release any updates or revisions to any forward-looking statement contained herein.

Posted by on 17. December 2014. Filed under Hardware, Picture Gallery. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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