Sunnyvale-Based Proofpoint Raises $28 Million in New Funding Round

Sunnyvale, Calif. -- Proofpoint, a Sunnyvale-based developer of email and data security products, said on Wednesday that it has raised $28 million in a new round of funding, led by new investor DAG Ventures. All of the company's previous investors, including Benchmark Capital; Bridgescale Partners; Inventures Group; JAFCO Ventures; Meritech Capital Partners; Mohr, Davidow Ventures and RRE Ventures, also participated. Proofpoint, which now has raised more than $86 million since its inception, said that it will use the proceeds for global expansion, customer acquisition and product development. Proofpoint's products are used by companies, universities and government organizations to help stop spam, protect against email viruses and prevent leaks of confidential information.
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