Cork-based startup Barricade to hire 35 ahead of funding
Published 03/07/2015 | 02:30
Cork-based IT security startup Barricade is to begin hiring 35 people as part of an expansion ahead of an expected fundraising round later this year.
The company has been set up by serial Irish technology entrepreneur and investor David Coallier.
Mr Coallier co-founded Dublin-based Orchestra and sold it to US multinational firm Engineyard in 2011. Barricade's expansion comes shortly after an initial €1m funding round.
Investors in Barricade include Dublin-based venture capital firms Frontline Ventures and Tribal Ventures, as well as an Australian early-stage fund called Business Switch.
Mr Coallier's Orchestra co-founder, Eamon Leonard, is also an investor.
Other private investors include US tech entrepreneur Jonathan Siegel, Lovin Dublin founder Niall Harbison, Max Claussen and Dave Concannon.
The company recently announced the appointment of the former chief security officer of Rackspace, Jeff Reich, as its head of enterprise sales.
Barricade's hiring spree comes as it prepares to launch a web-based data breach detection product next week.
The product, labelled 'data breach as a service' by the company, will be "a system that can be set up and installed like any other development and operations tools", according to Mr Coallier.
"It became clear that businesses and people deserved a beautifully designed intrusion and data breach detection system that doesn't send them hundreds, or even dozens, of false positives," he said.
"It's an early hacker warning system, if you will. It's a system that can easily grow, integrate with third party tools and that requires very little maintenance from the customer's side," Mr Coallier added.
David Coallier was an early investor in Cork-based security startup Trustev and Dublin-based online marketing service Intercom.
"The security sector has been left behind in terms of design as it has struggled to meet global threats and challenges," he said.
"The Internet of Things is coming rapidly and needs to have security intrinsically built in," he said.