Tempered Networks has raised another $10 million to help protect companies from cyberattacks while also providing networking infrastructure.
Rally Capital, based in Kirkland, Wash., was the only new investor in the round, which included participation from all previous investors like Ignition Partners, IDG Ventures and others. Total funding to date is $32 million.
Tempered Networks CEO and co-founder Jeff Hussey, who formerly helped start F5 Networks and ran the company as CEO from 1996 to 2002, told GeekWire today that the fresh cash will be used to expand the company’s product development, particularly with new opportunities abroad.
Hussey said that Tempered Networks, founded in 2014, originally focused on IoT security. But the company is now expanding its product line to include what Hussey describes as “unified secured networking.”
“Our technology is very unique in that we allow people to do their traditional networking tasks without having to think separately about security,” Hussey added. “It’s security and networking done at the same time.”
Tempered Networks sells its technology in industrial sectors such as oil & gas, utilities and manufacturing.
The company is growing rapidly, Hussey said, with 65 employees and plans to increase its headcount by 30-to-50 percent by year-end. It is also moving quickly up the ranks on the GeekWire 200 startup list.
This video further explains the technology that powers Tempered Networks’ solution: