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Teros lands $12 million

Dawn Kawamoto Former Staff writer, CNET News
Dawn Kawamoto covered enterprise security and financial news relating to technology for CNET News.
Dawn Kawamoto
Teros, formerly known as Stratum8 Networks, announced Monday that it raised $12 million in a third round of funding. Previous investors Bank of America Venture Partners, CMEA Ventures and New Enterprise Associates contributed to the round, which was led by Institutional Venture Partners. Santa Clara, Calif.-based Teros has raised a total of $26.5 million. The company develops security software to protect Web applications using behavior-blocking technology instead of antivirus or intrusion-detection software.