US cybersecurity start-up Pwnie has raised another $8m of investment to develop its software and security devices for businesses. The firm said it had secured a $321m Series B round led by existing investors Kleiner Perkins Caufield & Byers, which also backed the previous funding round. Its devices detect suspicious activity on business' IT systems and track potential threats back to their source. DeSisto takes over for Paul Paget, who will remain with the company as executive vice president focused on strategy, according to a press release. The latest cash injection -- from investors including .406 Ventures, Ascent Venture Partners and Fairhaven Capital -- follows a $13m funding round in May last year.
US cybersecurity start-up Pwnie has raised another $8m of investment to develop its software and security devices for businesses. The firm said it had secured a $321m Series B round led by existing investors Kleiner Perkins Caufield & Byers, which also backed the previous funding round. Its devices detect suspicious activity on business' IT systems and track potential threats back to their source. The latest cash injection -- from investors including .406 Ventures, Ascent Venture Partners and Fairhaven Capital -- follows a $13m funding round in May last year.