Bastille Networks, a prominent provider of wireless threat intelligence, has successfully raised $44 million in a Series C investment led by Goldman Sachs Asset Management’s Growth Equity. This significant infusion of capital, joined by existing investor Bessemer Venture Partners, is earmarked to support Bastille’s impressive growth trajectory and facilitate expansion into new markets. The investment comes at a crucial time as wireless vulnerabilities proliferate, necessitating advanced security technologies.
Goldman Sachs Asset Management’s Growth Equity, dedicated to high-growth businesses, emphasizes a shared vision with Bastille in securing radio frequency airspace. Zartasha Chaudhry from Goldman Sachs will join Bastille’s Board of Directors to guide the company’s next stage of growth. Bastille’s technology stands out by enabling commercial customers to detect every wireless device in a facility, monitor their behavior, and assess potential threats not identifiable by existing security measures. The funding reflects confidence in Bastille’s capabilities, with the company tripling Annual Recurring Revenue in the past year and on track for further growth.