Bessemer Leads Security Deal

Eeye Digital Security, based in Aliso Viejo, Calif.-based, is expected to close its fourth round of venture capital this week with $15 million in a deal led by Bessemer Venture Partners and Insight Venture Partners, bringing the company’s capitalization to $30 million and highlighting the venture capital community’s continues push into the security sector.

EEye Digital’s technology scans the network for vulnerabilities and intrusions, and if there’s a problem, alerts the system’s administrator and then manages the process of making repairs to the network.

Network and security software companies are the current darlings of the venture capital community. Investors coughed up $480 million to fund 46 security-related startups during the first quarter of this year, according Thomson Venture Economics (publisher of PE Week.