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Tempered Networks files for first close after raising 95%
XDATA - August 19th 2016
Tempered Networks' first close reached $9.49 million. The company's $10 million non-brokered equity issue was 95% sold to eleven investors. The first commitments were received almost two weeks ago. Until this disclosure Tempered Networks had raised an estimated $20.05 million in unregistered securities via one previous financing round.
Tempered Networks markets and develops a virtual private overlay network architecture that orchestrates identity and trust management. Organizations can cloak their critical infrastructure devices, while allowing them to communicate over secure channels. The company’s deployment model bridges IT and operational technology imperatives by delegating control of overlay networks, with centralized governance and oversight. The company is backed by Ignition Partners and IDG Ventures.
The company, headquartered in Seattle WA, is led by Jeffrey Hussey (President). Tempered Networks elected to keep its revenues undisclosed.
The executive team includes Joel Hussey and Mark Hatlen.
The board of directors includes Dennis Weibling, Erik Swan, John Connors and Stuart Bailey.

Tempered Networks apparently reported having raised $9.49 million in a concurrent filing. The offering capped at $10 million.
The company has raised an estimated total of $39.03 million via private unregistered security offerings.
Offering recap
Status: First close
Company: Tempered Networks
Industry: Other Technology
Amount offered: $10 million
Amount placed: $9.49 million
SEC filing: Source
First sale: 08-08-2016
Data as of: 08-19-2016
Similar transactions 2015 Map: Software Category
2018-06-11 Vox Mobile issues $1.25 million worth of securities
2018-01-19 Averon launched a $5 million offering and placed 46%
2017-11-21 Thycotic Software filed $1.49 million in additional commitments
Change: offered +31% / raised +31% / placed 100%
2017-09-01 Capy placed $787,000 with one investor
2016-04-26 Late filer VidSys reported raising $11.19 million via private placement
Largest Transactions by Amount Raised : Network Communication, Authentication, Rights management Products
 Entity NameOffer Date $ SoughtDelta $ Sought$ RaisedSecurity OfferedIndustryFiling Type/
SEC Source
 First Data Holdings2014-06-193,500,000,0003,500,000,0003,500,000,000EquityOther Technologyoriginal
 Cogeco Cable2013-06-27215,000,000215,000,000215,000,000DebtTelecommunicationsoriginal
 Accela2015-02-13183,500,000183,500,000183,500,000EquityOther Technologyoriginal
 Cogeco Cable2014-08-27175,000,000175,000,000175,000,000DebtTelecommunicationsoriginal
All dollar amounts are derived from filings lodged with the SEC by the company under current and previous names.
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