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11/18/2009
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Immunet Secures $2 Million In Funding

Cloud antivirus company launched Immunet Protect, its first product, in August

PALO ALTO, Calif., Nov. 18 /PRNewswire/ -- Immunet, developer of next generation AntiVirus technologies, announced today that it has raised $2 million in an oversubscribed Series A round led by Altos Ventures with participation from Atlanta-based TechOperators. Ho Nam, General Partner of Altos Ventures, has joined the board of Immunet.

Immunet launched Immunet Protect, its first product, in August 2009. Immunet Protect is the first free, cloud-based antivirus application focused on protecting your community. Immunet Protect harnesses the growing power of social networks with its community sharing features and "Collective Immunity(TM)" technology to protect personal computers from virus threats.

Upon installing Immunet Protect, users immediately become protected members within the "Immunet Community" (at 20,000 users and expanding rapidly). The Immunet Community leverages the collective knowledge of threats gathered from its users to defend ALL members in real time against thousands of new threats created every day.

Immunet's defenses grow stronger with every new user that joins the Immunet Community. This provides users with a natural incentive to share the product through its community-sharing features, which use Facebook Connect, Google Mail, Yahoo Mail and regular email.

"Immunet Protect is unlike any antivirus software on the market because it is the first product focused on protecting an individual's own community," says Immunet Founder and CEO Oliver Friedrichs, a former Symantec and McAfee security veteran and entrepreneur. "Immunet Protect acts as a shield for entire communities, and that shield becomes stronger with each new user and each new threat that is detected. We want to spread the goodness of antivirus protection with Immunet Protect and allow our users to do so easily. We encourage users to 'Get Immunet Protect Before You Connect' "

"Immunet combines the collective intelligence of the Immunet Community with the power of social networks to create a powerful application that users have a common incentive to share for the greater good for all users," said Ho Nam of Altos Ventures. "We look forward to working with the Immunet team to support the viral growth of applications in the cloud AntiVirus space over the coming year and are excited to have them in our portfolio."

About Immunet

Immunet was founded by Anti-Virus industry veterans to address a sweeping shift in the internet threat landscape, partly due to the rising popularity of social networks. Immunet utilizes the latest advances in computing and internetworking, including in-the-cloud, community-based, and collective intelligence concepts combined with web-based software-as-a-service deployment. Immunet Protect defends entire communities of users in real time against thousands of new threats generated every day. For more information, please visit www.immunet.com, and follow us on Twitter @immunet (http://twitter.com/immunet). Collective Immunity is a registered trademark of Immunet Corporation. Get Immunet Protect Before You Connect.

About Altos Ventures

Altos Ventures is a first-stage venture capital firm focused on leading investments in emerging technology companies with the goal of building market leaders. Since 1996, the Altos Ventures team has worked closely with talented entrepreneurs to build companies that have generated more than $1 billion in revenue. Altos manages $200 million in dedicated first-stage capital on behalf of leading endowment, fund-of-funds, financial and family office investors based in the United States and Asia. Altos Ventures is based in Menlo Park, California. Additional information is available at www.altosventures.com.

About TechOperators

TechOperators is an early-stage venture capital firm whose mission is to invest capital and our practical experiences to help entrepreneurs build great technology companies. TechOperators was founded on a simple success formula: that proven operators make the best early-stage venture capitalists. Based in Atlanta, Georgia, the firm is led by a team of partners with recent operational experience in all phases of company growth and is focused on innovative solutions in software, Internet services, cloud computing, security, infrastructure, and mobile computing. For more information, visit us at www.techoperators.com.

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