Application firewall developer Palo Alto Networks Inc. on Monday said it has added
$10 million in funding to the $26 million Series C round of financing it announced in August (though this
press release actually says $27 million). The funding was led by JAFCO Ventures, with participation from Japan Asia Investment Co. Ltd. and Northgate Capital LLC. The company has now raised a total of $64 million.
Palo Alto Networks has developed what it calls "next generation" firewall technology to protect networks that run extensive Web-based
applications. While most early firewalls were designed around
close relationships between ports and applications, newer applications are
created specifically to bypass those firewalls without using those
relationships. -- David Shabelman
See Nov. 3 press release from Palo Alto Networks
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