P
ProtectWise
Pervasive visibility and automated threat detection from the cloud
About ProtectWise
ProtectWise, now part of Verizon, operates in the Network Detection and Response (NDR) market, providing a cloud-delivered security platform for enterprise, cloud, and industrial environments. The company was founded in April 2013 by CEO Scott Chasin and CTO Gene Stevens, both veterans of the SaaS and security industries with experience at companies like McAfee and Symantec. Chasin's entrepreneurial journey includes founding Bugtraq, the first software vulnerability alerting service, and MX Logic, a cloud-based email security firm acquired by McAfee. Stevens brings over two decades of experience in software development, cloud computing, and distributed systems. Together, they aimed to address fundamental flaws they saw in existing security technology.
Read full description
The company's core offering is The ProtectWise Grid, a platform that provides pervasive visibility and automated threat detection. It was initially marketed as a "Cloud Network DVR," a virtual camera that records all network activity. This system creates a long-term, searchable network memory by capturing full-fidelity packets, which are then compressed, indexed, and retained indefinitely in the cloud. This capability allows for both real-time threat detection and retrospective analysis, enabling security teams to investigate past events to uncover previously unknown threats. The business model is centered on a pure-channel, on-demand subscription service, which offers cost savings and ease of deployment compared to disconnected point products. ProtectWise served clients across various sectors, including technology, financial services, media, and entertainment.
A distinctive feature of the ProtectWise platform is its immersive, visual interface. The company hired a Hollywood visual effects artist to design a 3D cityscape where network connections are represented as buildings, and traffic volume determines their height. This visualization provides at-a-glance situational awareness and simplifies the analysis of complex security data. The platform's "Wisdom Engine" performs deep packet inspection and analysis on thousands of protocols and applications, a process the company calls "network shattering." In March 2019, Verizon acquired ProtectWise to integrate its NDR capabilities with Verizon's global network services, particularly to enhance security for its expanding 5G footprint.
At a glance
- Status
- Acquired
- Founded
- 2013
- Headquarters
- Denver, United States
- Employees
- 4
- Open positions
- None listed
- Dealroom signal
- 68.4/100
- Industry
- Security
- Sub-industry
- Cloud & Infrastructure
- Sector
- Cyber threat Intelligence and detection, Core AI, Cybersecurity, Hard Tech, AI Applications, DT and LS
- Technology
- Artificial Intelligence, Deep Tech, IoT InternetOfThings
- Client focus
- b2b
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITIONOther financing | Mar 2019 | — | — | Verizon | — |
| SERIES BOther financing | Aug 2017 | $0 | — | ClearSky | — |
Growth signals
Latest recorded traffic for ProtectWise is 400 monthly website visits, up 166.7% over the last three months. ProtectWise's team declined 20% over the past year.
Similar companies
Company identity and context are open; selected comparison metrics preview what is available on the platform.
Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed2 investors entered at this stage
Series A4 investors entered at this stage
Paladin Capital Group
Arsenal
Tola Capital
ClearSky
Other known investors1 additional known investor
Verizon
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about ProtectWise on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
See ProtectWise’s full profile on Dealroom
Request a free trial to see the complete deal history, financials, people graph and growth signals.
Takes under a minute. Already use Dealroom? Log in.









