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NEWS AND EVENTS:
PRESS RELEASE
 

MIRAGE NETWORKS SECURES $13M IN SERIES B FUNDING

Trinity Ventures Leads Round to Increase Leadership
in Interior Network Security

AUSTIN, Texas | August 2, 2021 Mirage Networks, Inc., the pioneer in security solutions for Interior Network Defense, today announced that it closed $13M in its Series B round of funding, led by Trinity Ventures. Current investors Adams Capital Management and CenterPoint Ventures also participated in the round. Mirage Networks will use these funds to accelerate product development initiatives, grow its sales and support organizations, and expand marketing and business development activities.

“ Mirage Networks has had impressive traction in the marketplace for its first product release,” said Tim McAdam, General Partner, Trinity Ventures. “The company’s network-based technology for containing worm outbreaks and LAN attacks is truly differentiated compared to other technology we have come across in the security market. With its world-class management and product development teams, we are confident that Mirage Networks will solidify its leadership in the internal network security arena, providing practical solutions that fill critical security gaps being exploited by new, aggressive attacks on corporate networks.”

“ We were extremely pleased with the interest from the VC community during this round of funding,” said Toney Jennings, President and CEO of Mirage Networks. “The investment from Trinity, a leading venture firm with proven experience and success in the security industry, is great validation of both our technology and our market opportunity. This funding will enable us to continue to drive innovation and dramatically increase market adoption of our solutions.”

Since launching its flagship product in December 2003, Mirage Networks has achieved significant success in terms of both market acceptance and technology innovation. The company has:

• Rapidly expanded its customer base to include companies in the finance, healthcare, government, education and manufacturing industries, several of which include National Instruments, Penn State University, Children’s Mercy Hospital, Round Rock Independent School District, City of Overland Park, and Andrews & Kurth.

•Launched its channel program in February 2004 and added 25 resellers to-date.

•Applied for seven patents around its unique out-of-band threat detection, attack intervention and surgical mitigation technologies.

About Trinity Ventures
Founded in 1986, Trinity Ventures is a value-added investor that provides capital, networks and resources to early-stage software, communications, and enterprise systems companies that offer critical infrastructure and services. Trinity’s focus is to accelerate growth and improve the probability of long-term success for the companies in its portfolio by being an active, accessible partner. With more than $1 billion under management, Trinity Ventures has a proven track record of working in close collaboration with entrepreneurs to build lasting companies.

About CenterPoint Ventures
CenterPoint Ventures is a Texas Venture Capital firm with over $400 million under management. The firm invests primarily in early stage high technology companies that reflect the partners' collective knowledge base and industry experience within the communications infrastructure, semiconductor and new emerging technology segments of the market. Founded in 1996, CenterPoint has invested in 35 companies.

About Adams Capital Management
Adams Capital Management, Inc. is a national venture capital firm specializing in early-stage applied technology investments in the information technology, semiconductor and telecommunications markets. Adams Capital invests in companies with compelling market opportunities and the ability to exploit discontinuities created by changes in industry standards, regulations, technology convergence and distribution channels. The firm is based in Pittsburgh, with offices in Austin, Boston, and Palo Alto. ACM currently manages $700 million in private equity capital through three limited partnerships.

About Mirage Networks
Mirage Networks is the pioneer in security solutions for Interior Network Defense. The Mirage Networks Inverted Firewall™ is the first security appliance designed specifically to protect internal networks. The out-of-band appliance identifies, slows and contains malicious traffic without interrupting normal business communications. The Inverted Firewall is self-contained, requiring no signatures, no agents and no network re-architecture to begin detecting and mitigating threats immediately. For more information, please visit www.miragenetworks.com.

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