Finjan secures $10m funding

Antivirus firm Finjan has secured a $10m round of funding from existing investors which it hopes will enable it to further cement its position in the crowded security space. The round of investment was led primarily by Cisco with other investors, Benchmark Capital, Bessemer Venture Partners and Israel Seed Partners also contributing. Schlomo Touboul, founder and CEO of Finjan, told silicon.com: "This money will help us accelerate our sales and marketing operations and will enable us to increase our market share. It will also ensure continued investment in research and development."

While stories about companies securing large rounds of funding are far less common since the dot-com crash, Touboul believes a sound and proven business model is still enough to attract inward investment.

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