Big data security analytics company Fortscale has announced the closure of a $10 million financing round led by Intel Capital and Blumberg Capital. The funds will be used to expand the company's Israel operations by hiring developers and researchers, analysts and algorithm experts and set up a new headquarters in Silicon Valley, California. Also participating in the latest fund raising round were previous investors Swarth Group led by Shaul Shani, the company's founding investor.
Fortscale enables companies to identify and research irregular behavior by users. The system focuses the attention of information security staff on suspicious users or users whose identity has been stolen by hackers while using historical algorithmic analysis which automatically compares user groups.
The company claims that the system is not complicated to install and utilizes data already gathered by the organization, and requires no special capabilities by information security staff but leverages the knowhow already available and the organization's existing infrastructures. This allows security personnel to concentrate their efforts on relevant threats and shorten decision making processes.
Fortscale CEO Idan Tendler said, "Fortscale's solution looks to solve this problem by delivering user intelligence to help discover and investigate suspicious behaviour and generate leads about possible security breaches."
Published by Globes [online], Israel business news - www.globes-online.com - on June 2, 2014
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