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Okena

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Okena provided enterprise security software StormWatch, the company’s product, defended against attacks across networks

Waltham, United StatesFounded 1999Cybersecurity
Valuation $100–250M Last recorded · 2003
Total funding $10–50M Disclosed equity funding
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About Okena

Okena, Inc. operated in the cybersecurity sector, providing software solutions designed to secure large corporate networks. The company was established in 1999 by co-founders Todd Brennan and Allen Hillery, with its initial location in Cambridge, Massachusetts, before moving to Waltham.

Okena's core technology centered on application-centric security, which enforced authorized application behavior to permit acceptable business activities while proactively blocking malicious actions. This approach was distinguished by its use of behavior-based detection and prevention, a contrast to the binary-pattern-based methods common among Intrusion Detection Systems (IDS) at the time. The Okena endpoint agent was capable of blocking specific behaviors and attacks, positioning it as an early example of an Intrusion Detection and Prevention System (IDPS). Its flagship product, the StormWatch endpoint security software, provided threat protection for desktops and servers by identifying and stopping malicious behavior before it could cause damage.

The firm's business model was focused on serving large corporate clients in the B2B market. A significant milestone in the company's history was its acquisition by Cisco Systems, which was announced on January 24, 2003, for an aggregate value of approximately $154 million in Cisco common stock. Following the acquisition, Okena's team of 52 employees was integrated into Cisco's Virtual Private Network and Security Business Unit. The technology developed by Okena became the foundation for the Cisco Security Agent (CSA), enhancing Cisco's portfolio of network-integrated security solutions.

Source: Dealroom company data

At a glance

Status
Acquired
Founded
1999
Headquarters
Waltham, United States
Open positions
None listed
Dealroom signal
18.3/100
Industry
Security
Sub-industry
Cloud & Infrastructure
Sector
Cybersecurity
Client focus
b2b
Links
Website

Funding history

3 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITION✓Exit Jan 2003 $154M $154M Cisco —
SERIES B✓Equity / VC Sep 2001 $12M $50M Thomvest Ventures · APV Technology Partners · Newbury Ventures · GE Equity —
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Growth signals

Okena website traffic

Latest recorded traffic for Okena is 70 monthly website visits.

Latest monthly visits70
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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

6 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A5 investors entered at this stage

  • Thomvest Ventures
  • APV Technology Partners
  • GE Equity
  • Newbury Ventures
  • Solstice Capital

Other known investors1 additional known investor

Team profiled 3 named & role-tagged
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Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇺🇸 United States · Waltham HQ
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Market sentiment

Posts on X, past 7 days

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