Advanced threat detection developer Seculert has closed a $5.35 million round of venture financing. Norwest Venture Partners (NVP) led the financing round with the participation of existing investor YL Ventures. The Petah Tikvah based company said that the funds will be used to invest in sales and product development teams as well as establishing a US presence. NVP partner Dror Nahumi is joining Seculert's board of directors.
Seculert's advanced malware protection solutions are designed for an era when malware morphs so fast that legacy security systems and takedowns struggle to keep up. Seculert's unique solution automatically finds malware that has been bypassed by existing legacy security measures across an entire organization, including laptops, mobile devices and remote employees.
Securenet claims that by pulling external intelligence from live botnets, there are no false positives and organizations can be 100% sure that their products' findings represent actual attacks. Customers are provided with an easy-to-understand dashboard, delivered via web browser that provides definitive threat analysis. Seculert is also a pure cloud service with no software, appliances, or setup cost, so users can start protecting themselves in minutes.
Seculert CEO and co-founder Dudi Matot said, "This round of funding not only enables us to expand our product and sales groups, but gives us access to a set of highly experienced investors. Both firms have a clear understanding of cloud technology, security and big data trends which will be tremendously helpful as we expand our product lines."
He added, "Seculert has the ability to be the most ubiquitous cyber security prevention tool, and with NVP and YL Ventures' guidance combined with our team's expertise, we're confident in our ability to fight cyber attacks in this new and cost effective manner."
Seculert's cloud service is non-intrusive, complementing an enterprises' existing security infrastructure. It is designed to provide additional cloud malware detection capabilities on top of on-premise security products. Deployment is instant and extremely cost-effective since there is no need for new hardware, software or changes to the corporate network.
NVP's Dror Nahumi said, "We were immediately impressed with Seculert's technology, team and the fast adoption of the product with leading Fortune 500 customers."
The company was founded in 2010 by Matot, CTO Avi Raff and COO Alex Milstein and has 15 employees.
Published by Globes [online], Israel business news - www.globes-online.com - on July 10, 2012
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