Monday, February 07, 2005

The Bigger the Bet . . . .

Three Silicon Valley venture funds (TCV, Accel Partners and Mayfield) are betting $108 million that Boulder-based software company Webroot can take on Microsoft, Symantec, McAfee and the other major players in systems security.

The investment - announced today - equals nearly a quarter of all venture capital received by Colorado companies last year. It's also the second-largest venture funding of a software company nationally since 2001 (the first is eHarmony - raised $110M in Nov. '04).

Webroot's products battle spyware, the unwanted software code that ranges from cookies to keystroke loggers that secretly transmit bank account numbers to cybercriminals.,1413,36~32540~2696451,00.html

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