Dasient Raises New Round of Funding Led by Google Ventures

PRESS RELEASE

Sunnyvale, Calif. – February 7, 2011 – Dasient Inc., the leading provider of anti-malware solutions for websites and ad networks, today announced it has received a new round of funding from Google Ventures to accelerate the company’s future growth plans, extend its reach into new markets, and enhance research and product development efforts. Google Ventures joins Dasient’s previous investors including Benhamou Global Ventures, Floodgate and Radar Partners.

“Malware is one of the fastest-growing threats on the Internet today, and Dasient has developed innovative solutions that aggressively tackle this problem head on,” said Karim Faris, Partner, Google Ventures. “Now, more than ever, the safety of the Internet is at risk, underscored by the rapidly increasing number of websites and advertisements infected with malware. Dasient enables companies to proactively protect their websites by detecting and identifying a malware infection before it harms their business. We are excited to be working with the Dasient team to help build and grow the company as the worldwide leader in Web anti-malware."

The new round of funding will be used to expand Dasient’s research and development team which has developed the market's leading web malware detection solution. The additional funds will also help the company expand its sales and marketing initiatives to further penetrate existing markets and develop new market opportunities. In 2010, Dasient made record sales of its industry-leading solutions in the financial, media, and e-commerce verticals. Dasient also achieved triple-digit customer growth and doubled its team size as it expanded to new headquarters in Sunnyvale, Calif.

“Dasient started with the vision to help secure the world from web-based malware – and two years later, we are proud to report that our technology has helped keep millions of websites malware-free,” said Paul Stich, CEO of Dasient. “Dasient is thrilled to receive this new round of funding from Google Ventures to continue our strong growth and contribute new research and future technology innovations that can help curb the spread of sophisticated malware attacks.”

In its most recent Quarterly Malware Update, Dasient reported malware on more than 1.2 million websites, more than twice as many as in the same quarter a year before. To address this increasing threat, Dasient provides a complete Web Anti-Malware service that can automatically identify and contain malware on websites, helping businesses avoid losses of traffic, reputation, and revenue. In early 2010, Dasient also set new marks for anti-malware technology innovation, introducing the industry's first Anti-Malvertising Solution which helps publishers and advertising networks quickly monitor and remediate malicious advertising attacks whenever they occur.

“Just about anyone with the malicious knowledge can get in and take down your website and that could potently affect your bottom line,” said Dasient customer, Jim Shugarts, Director of Field Support for MediaNews Group interactive. “After looking at multiple vendors, we selected Dasient because of their technology leadership, their breadth of offering and their ability to scale with our business. They're looking at the whole website as well as malvertising and we need both to protect our online business. Dasient is a critical factor to bring on board for any product going out on the Web these days - you need to be protected."

About Google Ventures

Google Ventures seeks to discover and help develop great companies - we believe in the power of entrepreneurs to do amazing things. Our investments range from seed to late stage, across a broad range of industries, including consumer Internet, software, hardware, clean tech, biotechnology and health care. We embrace the challenge of helping young companies grow from the proverbial garage to global relevance. The Google Ventures team includes entrepreneurs, investors and innovators, along with some 24,000+ exceptional Googlers whose breadth of knowledge, experience and creativity constitute perhaps our most valuable resource. For more information, visit www.google.com/ventures.

About Dasient

Dasient, the leader in Web anti-malware technology, envisions an Internet that is safe and malware-free for users and online businesses. Dasient protects the websites of leading financial services, e-commerce, media, web hosting and other global enterprises from losses of data, revenue and reputation caused by web-based malware attacks. Furthermore, Dasient’s adaptive security intelligence redefines Internet security by scanning the expanses of the Web and harnessing the power of data to mount defenses against future malware attacks. For more information about the company and its services, visit www.dasient.com.