Sipera Raises $13.2M

Security startup Sipera Systems secures $13.2M from Sequoia Capital, Austin Ventures, and STAR Ventures

March 16, 2006

1 Min Read

RICHARDSON, Texas -- Sipera Systems, the leader in pure security for VoIP, mobile and multimedia communications, today announced it has secured $13.2M in series B round funding. The round was led by Sequoia Capital, and includes prior investors Austin Ventures and STAR Ventures. This latest funding brings Sipera's total to $19.5M and will help the company expand operations and extend its Voice over Internet Protocol (VoIP) security solution to wireless operators.

"The increase in VoIP deployments is driving both awareness of and demand for comprehensive VoIP security, which is reflected by Sipera's growth and expanding market opportunity," said Mike Goguen, a Sequoia Capital General Partner. "Comprehensive VoIP security is emerging as a new product category and Sipera has established clear leadership in this segment." Mr. Goguen, who has successfully guided numerous VoIP and security firms such as NetScreen, Redback and Spatial Wireless, will join the Board of Directors for Sipera Systems.

"The recent launch of the Sipera IPCS 310 product was a tremendous success, validating our approach to VoIP security and demonstrating the escalating demand for our solutions," said Seshu Madhavapeddy, Sipera President and CEO. "This new investment will allow us to expand our operations to support the growing demand for our products and extend our product line into the wireless VoIP market. We look forward to drawing on Mike's deep expertise in VoIP and security."

Sipera Systems Inc.

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