Q1 Labs, a start-up based in Waltham, Massachusetts, secured $11 million in a new round of funding, for its network monitoring software. Q1 Labs flagship product, QRadar, provides a unique live window for surveillance, analysis and control, acting as a RADAR screen for an organization’s entire network. QRadar profiles the behavior of systems, applications and users; learns normal patterns; and recognizes anomalies, whether they originate from security breaches, internal network misuse or operational inefficiencies.
The funding round was led by new investor Globespan Capital Partners and included previous investors Menlo Ventures and Polaris Venture Partners. The round also included additional investments from BDC Venture Capital and New Brunswick Investment Management Corporation (NBIMC). This brings total funding raised by the company to $29.4 million. http://www.q1labs.com
