Bastille Networks, a wireless threat intelligence company, has successfully raised $44 million in a Series C funding round, bringing the total capital raised by the company to over $80 million. The funding was led by Goldman Sachs, with additional contributions from existing investor Bessemer Venture Partners.
Established in 2014 and headquartered in San Francisco, Bastille Networks specializes in helping organizations identify and secure all wireless devices within their environments. Utilizing software-defined radios (SDRs) and machine learning (ML), the company’s solution monitors various wireless connections, including cellular, Bluetooth, and Wi-Fi. It can identify all risky devices, even those not connected to the enterprise network.
Bastille highlights the potential risks posed by covert, rogue, or vulnerable devices introduced into a facility by employees, contractors, or visitors. These devices can be used to exfiltrate data through Bluetooth or cellular networks, even if they haven’t connected to the organization’s network. Bastille’s solution aims to mitigate this risk by identifying such devices and providing accurate location information within the facility.
The company offers alerts for compromised devices, abnormal device behavior, unauthorized Bluetooth connections, active devices not under mobile device management (MDM), or devices operating in restricted areas. Additionally, Bastille’s technology can seamlessly integrate with existing security systems and procedures.
The newly acquired funds will support Bastille’s expansion and growth into new markets. Goldman Sachs VP Zartasha Chaudhry expressed confidence in Bastille’s capability to meet the evolving needs of customers across both enterprise and federal sectors, emphasizing the company’s advanced, multi-tiered platform providing real-time wireless threat intelligence.