Cyber security company Sentinel Labs Ltd. has raised $12 million in its Series A financing round. Tiger Global led the round alongside existing investors Accel Partners, Data Collective, and Granite Hill Capital Partners, and new investor The Westly Group. The company will use the proceeds to expand its offering, and launch a complete next generation endpoint protection suite, built on Sentinel’s next generation predictive execution modeling engine, to compete with the traditional antivirus vendors, by year’s end.
“The age of the antivirus is over. The endpoint world is ripe for disruption in light of the ineffectiveness of current antivirus technology and limited visibility of network based products,” said Sentinel Labs CEO Tomer Weingarten. “We’ve championed the idea of endpoint being the last line of defense against threats; now we’re going to take that initial concept and tackle the antivirus itself, an industry that hasn’t changed in ten years despite ever growing threats."
Sentinel protects workstations, mobile devices and servers across an organization from advanced threats. With its patent-pending real-time host-based technology, Sentinel is the only company to currently offer protection on all major platforms including Windows, Mac OSX and Android, from all vectors of attacks. The company is also currently developing agents for iOS and Linux which will be launched within 60 days. Using its proprietary predictive execution modeling engine, Sentinel is able to stop attacks even if they are unknown, or brand new, by predicting the attack patterns, instead of relying on file signatures or static indicators of compromise. The company is working with a number of Fortune 500 companies, helping them to stop attacks that current network-based and host-based behavioral systems fail to catch.
The Sentinel Labs team is comprised of security experts hailing from Intel Corporation (Nasdaq: INTC), McAfee, Check Point Software Technologies Ltd. (Nasdaq: CHKP), and elite IDF units, with decades of collective experience in detecting and defeating nation-state level malware.
Published by Globes [online], Israel business news - www.globes-online.com - on April 23, 2014
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