DECRU RAISES OVER $27 MILLION IN SECOND-ROUND FINANCING

Storage Security Vendor Secures Funding from Benchmark Capital, Greylock, New Enterprise Associates and In-Q-Tel

July 31, 2002
Redwood City, CA

Decru, Inc. a technology company focused on securing networked data storage, today announced it has received over $27 million in second-round financing, bringing the company’s total funding to more than $43 million. Three top-tier venture capital firms invested in this round: Benchmark Capital, Greylock and New Enterprise Associates. Strategic investors include In-Q-Tel, the independent venture group funded by the U.S. Central Intelligence Agency and Canon Inc., the global leader in office automation.

In addition, Decru also announced its board of directors. The board brings together a team of experienced technology veterans, including Dick Kramlich, founder and general partner of NEA; Alex Balkanski, general partner at Benchmark Capital; David Strohm, general partner at Greylock, Dan Maydan, president of Applied Materials and Dan Avida, Decru’s president and CEO.

“Enterprises are rapidly deploying networked storage technologies to simplify access, control, and management of growing data assets. Current security approaches attempt to protect the perimeter of the network, but leave the data that sits in storage vulnerable to both inside and outside threats. Our technology solves this problem,” said Dan Avida, president and CEO of Decru. “This round demonstrates strong and continued support by top tier investors for Decru and its products.”

Decru is co-founded by Dan Avida and Serge Plotkin, Ph.D. Prior to founding Decru, Avida was at Electronics for Imaging (EFI) were he led the company as president, CEO and chairman. Avida built the Fiery business at EFI from inception into a $570M business. Prior to EFI, Avida was an officer in the Israeli military. Serge Plotkin, Decru”s co-founder, is an Associate Professor of Computer Science at Stanford University and is a renowned expert on network optimization. Prior to his positions at Stanford and Decru, Plotkin was in charge of large-scale military security deployments for the Israeli military.

About Decru
Founded in 2001, Decru is building storage security appliances to address the need for companies to secure their data. Headquartered in Redwood City, CA, Decru was founded and is managed by a proven and experienced team: Dan Avida, president and CEO, formerly CEO of Electronics for Imaging (Nasdaq: EFII), and VP Engineering and CTO, Serge Plotkin, an Associate Professor of Computer Science at Stanford University.