Israeli cyber security co Siemplify raises $4m

cyber security

Siemplify's platform uses the same advanced cybersecurity methodologies as leading military intelligence organizations.

Israeli cyber security startup Siemplify has raised $4 million. The investors include 83North Venture Capital (formerly Greylock IL) and angel investors David Strohm (Partner, Greylock Partners), Alex Pinchev (Rackspace president Global Sales and Marketing), Alex Daly, (former ArcSight founder and CEO), Tom Kilroy (EVP Intel), and Moti Gutman (Matrix CEO).

Siemplify has come out of stealth today day with its security operations platform to employ the same advanced cybersecurity methodologies used by leading military intelligence organizations.

The platform automatically correlates security alerts, identifies and prioritizes incidents, and graphically depicts the complete threat chain, setting new standards for time-to-insight and time-to-remediate. The platform acts as a central hub linking an organizations existing security, threat intelligence and risk management tools, including Splunk and popular SIEMs, effectively improving the return on those investments.

The company was founded by CEO Amos Stern, VP R&D Alon Cohen, and chief research officer Garry Fatakhov. With offices in New York and San Francisco, the company's R&D center remains in Israel.

Speaking about the number of days it takes to resolve a cyber-attack, Stern said, "The problem is not detection per se but discerning the threats hidden in the noise of thousands of alerts generated by the disparate security monitoring systems. This makes it impossible to see the broader attack chain and identify root cause quickly.

Pinchev said, Siemplify fills a huge void in the security operations center today. It integrates and unifies information in real time from throughout the security infrastructure, and its powerful analytics and visualization tools enable analysts to assess the situation and respond more effectively than ever before. Its a complete empowerment play for every CISO, security manager and security analyst out there.

Published by Globes [online], Israel business news - www.globes-online.com - on February 18, 2016

Copyright of Globes Publisher Itonut (1983) Ltd. 2016

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