Security Startup Qadium Brings In $40 Million

Qadium closed $40 million in Series B financing. IVP, TPG Capital, Founders Fund, Susa Ventures, and New Enterprise Associates participated in the funding.

Qadium is a cybersecurity company that monitors the device layer of the Internet. Using patented technologies and state-of-the-art tools in deep data structuring and analytics, Qadium’s global Internet sensing platform collects data from the world’s Internet connected devices and organizes it to help organizations understand and secure their networks.  

According to the company, the Series B funding will be used to focus its efforts on sales and marketing in addition to continuing to grow its engineering and product teams.