Proofpoint Pulls In $28M

Sunnyvale-based Proofpoint, which develops email security and data loss software, said this morning that it has raised $28M in financing for the company. The round was led by new investor DAG Ventures, and also included prior invevstors Benchmark Capital, Bridgescale Partners, Inventures Group, JAFCO Ventures, Meritech Capital Partners, Mohr, Davidow Ventures and RRE Ventures. According to the firm, the latest round brings the company's total raised to more than $86M. The firm said the funding will go towards global expansion, customer acquisition, and product development initiatives. More information »