Monday 29 June 2015

Stealthy Va.-based Cybersecurity Startup Verodin Raises $2M

A stealthy Mclean, Va-based cybersecurity startup by the name of Verodin has raised $2 million in equity from a total offering of $2.6 million, according to an SEC filing.

The financial round first appeared via an SEC form on June 26 and names former ArcSight (acquired by Hewlett-Packard) Chief Architect Christopher Key, D.C.-based Palindin Capital Group Partner Matt Bigge and inventor Benito Cianciaruso as company executives.

For the moment, there is limited information available about Verodin. It is not entirely clear if Paladin led the funding but it seems that the D.C. venture capital firm is most likely involved in Verodin’s seed round due to Bigge’s mention in the filing.

Verodin is not currently listed as part of Paladin Capital Group’s portfolio.

An accompanying website by the name Verodin (verodin.com) was last updated in November 2014 and created in November 2013, according to domain name registration data.

Key, who is listed as the company’s CEO and founder, updated his LinkedIn profile to account for the new company in January 2014. Verodin.com is also the top web hit among Google search for the term Verodin. It is not clear if verodin.com is associated with Key’s company.

The static website page shows a single quote from Sun Tzu and reads, “To know your enemy, you must become your enemy.”

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