NASHUA, N.H.--(BUSINESS WIRE)--NETSHIELD Corporation, a worldwide provider of network access control (NAC) solutions, today announced the opening of Series A funding to accelerate growth through the development of a virtual software product. Recently listed as one of the 10 Best Tech Startups in New Hampshire1 by The Tech Tribune, NETSHIELD is a trusted provider of cost effective, proactive security solutions to enhance cyber-risk mitigation strategies for SMBs, financial institutions, and other organizations.
NETSHIELD devices “Plug Anywhere, Discover Everywhere" and deliver agentless access control and detect/alert/block/isolate capabilities for physical networks, virtual networks, mobile networks and the Internet of Things (IoT) devices. The company’s solutions prevent malware, ransomware and phishing attacks, while detecting and blocking any rogue or compromised assets in milliseconds.
"We've seen significant adoption of NETSHIELD appliances in Europe in anticipation of the EU’s General Data Protection Regulation (GDPR)," said Ed Wall, President and CEO at NETSHIELD. "We are eager to bring that success to the U.S. and Asia as well. The worldwide NAC industry is estimated to grow to $5 billion in the next few years, and NETSHIELD technologies are designed to protect almost any network in that expanding market.”
An important and creative aspect of the NAC solution to the U.S. is NETSHIELD’s partnership with ZON Digital Insurance to include cyber insurance coverage bundled with NETSHIELD's suite of cyber security solutions for small and medium enterprises. This unique partnership is the first of its kind, and provides NETSHIELD's U.S. customers with up to $250,000 of cyber insurance coverage under the policy.
"New network breaches and attacks make the news every day," said Chris Gauthier, Vice-President of Engineering and Development at NETSHIELD. "But we are up for the challenge and look forward to proving what our NAC solutions can do for network security. Our appliances today and the virtualization we are bringing to bear represent the next stage of network security’s evolution.”
About NETSHIELD Corporation
Founded in 2013, NETSHIELD Corporation is the world's first breach prevention company offering network access control (NAC) appliances for advanced mobile and Internet of Things (IoT) security. Headquartered in New Hampshire, NETSHIELD's flagship hardware and software products provide real-time defense against the latest cyber-attack methods including zero-hours, phishing attacks, crypto and ransomware. Deployed in over 40 countries around the globe, NETSHIELD's scalable NAC devices protect small and midsize businesses (SMBs), financial institutions, and any network serving up to 10,000 assets. For more information, visit netshieldcorp.com