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NEA leads PortAuthority $18m third round.

Israel Business Arena

(From Israel Business Arena)

Byline: Shmulik Shelah

Information security start-up PortAuthority Technologies Ltd. yesterday announced that it closed its third financing round, raising $18 million. The company has raised $40 million to date.

New Enterprise Associates (NEA) led the round, joined by the company's existing investors, Sequoia Capital, Greylock Partners and Lexington Ventures. The confidence shown by the venture capital funds is turning PortAuthority into a promising information security company.

PortAuthority Technologies was founded in 200 by VP technical services …

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