Web security firm rounds up $20 million

Dawn Kawamoto Former Staff writer, CNET News

Dawn Kawamoto covered enterprise security and financial news relating to technology for CNET News.

Dawn Kawamoto

April 8, 2003 1:59 p.m. PT

NetContinuum announced Tuesday a $20 million third round of funding, led by Palomar Ventures. Previous investors Menlo Ventures, NIP Ventures/Daiwa Securities, Adams Street Partners, Invus Group and MKS Ventures also participated in the round. The Santa Clara, Calif.-based company has raised more than $54 million. NetContinuum develops hardware to guard applications against Web attacks.