Bastille Networks Internet Security
Overview
Bastille Networks is a cybersecurity company that specializes in wireless threat intelligence, focusing on addressing vulnerabilities in radio frequency (RF) devices. Established in 2014, Bastille is headquartered in Santa Cruz, California. Renowned for its innovative use of software-defined radio and machine learning technologies, Bastille aids organizations in detecting, localizing, and mitigating threats posed by wireless, IoT, and other RF-emitting devices. Over its years of operation, the company has raised significant funds, securing a total of $87.3 million across multiple funding rounds, with notable investments from Goldman Sachs Asset Management and Bessemer Venture Partners.
Recent Developments
- January 2024: Bastille Networks raised $44 million in a Series C funding round led by Goldman Sachs Asset Management. This investment is intended to support the company's expansion into new markets and enhance its growth trajectory.
- January 2024: Zartasha Chaudhry from Goldman Sachs was announced to join Bastille’s Board of Directors, indicating a strategic alliance to guide the company’s growth phases.
- 2023: Bastille Networks experienced a significant increase in Annual Recurring Revenue, reportedly tripling it in one year, with expectations to more than double it again the following year. This growth highlights the increasing demand and effectiveness of Bastille's wireless threat detection solutions.
- 2023: Bastille was featured on the Inc. 5000 list for the third consecutive year, showcasing its rapid revenue growth and solidifying its status among America's fastest-growing private companies.
- 2022: Bastille received certification from the National Information Assurance Partnership (NIAP), verifying that its security products meet rigorous security and development standards, thus underscoring its commitment to high-level security standards.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2014 |
| Headquarters | Santa Cruz, CA, USA |
| Founders | Bob Baxley, Christopher Rouland, Michael Engle |
| Revenue | Not publicly disclosed |
| Profits | Not publicly disclosed |
| Key Investors | Goldman Sachs, Bessemer Venture Partners, Comcast |
| Industry | Cybersecurity |
| Number of Employees | 56 as of 2024 |
Early History
Bastille Networks was founded in 2014, driven by a mission to secure organizations against RF vulnerabilities. The company's inception drew heavily on advancements in software-defined radio technology and machine learning, spearheaded by its founders' expertise in the cybersecurity landscape. Early on, Bastille garnered attention for its forward-thinking approach to security, addressing the then-nascent threats emerging from the proliferation of IoT and wireless devices in corporate environments.
Company Profile and Achievements
Bastille Networks operates at the cutting edge of the cybersecurity industry, offering a robust platform that provides real-time visibility into the wireless activity within enterprise airspace. The company's platform utilizes state-of-the-art RF sensors and machine learning algorithms to detect and localize threats, offering organizations the tools needed to manage and mitigate risks associated with RF devices. Key achievements include:
- Product Innovations: Development of comprehensive threat detection capabilities for a range of RF communication protocols, ensuring that enterprises can secure their networks from both known and emerging threats.
- Industry Recognition: Inclusion in CRN's "Internet of Things 50" and Network World's top security startups lists, further affirming Bastille's leadership and innovation in IoT security.
- Expansion of Capabilities: Bastille continuously expands its platform to include more RF protocols and enhance its detection accuracy and integration with existing IT security infrastructure.
Current Operations and Market Position
Currently, Bastille continues to serve a wide array of sectors, offering its solutions across various industries including finance, government, and high-tech enterprises. The company's strategic focus remains on expanding its market reach and enhancing the depth of its threat detection capabilities, especially in light of increasing RF vulnerabilities. Bastille is poised as a market leader in RF threat intelligence, leveraging its unique ability to integrate with existing security infrastructure and provide unparalleled wireless threat detection.
Conclusion
Bastille Networks stands out in the cybersecurity industry as a pioneer in RF threat detection, continuously evolving its offerings to meet the complex needs of modern enterprise security. With significant financial backing and a robust product suite, Bastille is well-equipped to tackle the challenges posed by the evolving landscape of wireless technologies. The company is positioned for continued growth and influence, driven by its ability to innovate and adapt to the ever-changing dynamics of cybersecurity threats and enterprise needs.