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Lancope seals $5 million in funding

Lancope announced Tuesday that it received a $5 million second round of funding. Council Ventures and previous investors H.I.G. Ventures and GMG Capital Partners contributed to the round. A representative from Council Ventures will also receive a seat on Lancope's board. The Alpharetta, Ga.-based company has raised a total of $12 million. Lancope develops software to detect hacking and misuse on corporate networks. The detection system is designed to recognize unknown threats and create a forensic trail of network activity.