Bastille Raises $44 Million Series C Investment Led by Goldman Sachs Asset Management

Funding and Investment - Bastille Networks Inc announced a Series C investment of $44 million led by Goldman Sachs Asset Management with participation from existing investor Bessemer Venture Partners [1] - The capital will be used to support the company's high growth and expand into new markets [1] - Goldman Sachs' Growth Equity team focuses on investing in high-growth businesses with strong market positioning and durable business models [2] - Zartasha Chaudhry from Goldman Sachs will join Bastille's Board of Directors to advise on the company's next stage of growth [1] Company Performance and Growth - Bastille has tripled its Annual Recurring Revenue (ARR) in the last year and is on track to more than double ARR again this year [3] - The company has transformed the wireless threat detection space with its advanced multi-tiered platform providing real-time continuous wireless threat intelligence [3] - Bastille's technology integrates with customers' existing security systems and procedures [2] Technology and Market Position - Bastille is the leader in enterprise wireless threat intelligence through software-defined radio [4] - The company provides full visibility into known and unknown mobile wireless and Internet of Things devices within an enterprise's corporate airspace [4] - Bastille's patented software-defined radio and machine learning technology enables sensing identifying and localizing threats to accurately quantify risk and mitigate airborne threats [4] Investor Background - Goldman Sachs Asset Management has over $450 billion in assets and more than 30 years of experience in alternative investments [5] - The Growth Equity team at Goldman Sachs Asset Management has invested over $13 billion in companies since 2003 focusing on growth stage and technology-driven companies across multiple industries [6][7] - Goldman Sachs Asset Management oversees over $2 8 trillion in assets globally as of December 31 2023 [6]