FireEye is now one of the hottest start-up's in Enterprise security, and may revolutionize the industry with it's ground braking technologies.
This is because FireEye solves two of the hardest and most complex security problems, and does so with a simple hardware/software server appliance.
The first is ZDA - Zero Day Attacks - These type of hacking attacks take advantage of software holes that the software vendor hasn't yet learned about. In other words, ones that they've had zero days to fix. These are important because they are holes in security they may be open for a long time, since depending on the software vendor it may take them weeks once they know about the hole, or years.
Next, FireEye deals with APT - Advanced Persistent Threats - These are a series of attacks by organized hackers determined to get into a particular network, they want in and will keep at it until they do get in. These are the most dangerious, because these people have a real determination to get in and do damage and theft of data.
FireEye does this by finding these attacks by taking an extra fraction of a second to run the suspicious code or opening suspicious emails in a protected area to see what they do.
Exciting, so much so that the company of $100 million in reviune, just landed $50 million in new funding. This new funding brings FireEye's total funding to $85.5 million. The company is on track for an IPO, maybe as soon as this year.
The new CEO Dave DeWalt joined the company last November. He'd previously been the CEO of antivirus software maker McAfee, where he led the company through a turnaround to its acquisition by Intel.
He was rumored to be in the running to succeed Paul Otellini as Intel's CEO, and was approached with some 40 other CEO jobs since he left McAfee 18 months ago from "large public companies to smaller companies," he said in a recent interview with Business Insider.
Although FireEye has annual revenues of about $100 million now, DeWalt argues that it's worth the $1.25 billion valuation because it's on track to double its revenues this year. It now employs 500 people and will use the new funds to expand internationally.
It will be interesting to see how FireEye shakes up the Enterprise Security industry.