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Security firm Shadow Networks bags $10M in new funding round


Shadow Networks, formerly called ZanttZ Inc, has secured more than $10 million in a recent funding round, TechCrunch reported citing the company's filing to the US Securities and Exchange Commission.

According to a source familiar with the round, investors for the Silicon Valley-based security firm include Paladin Capital Group, Yaletown Venture Partners and two other unnamed venture capital firms. Paladin Capital Group looks for investment opportunities in the security and defense segments while Yaletown Venture Partners provides seed investments for startups in the Pacific Northwest and Canada, the report said.

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