CyberSense Announces $5 Million in Series A Funding, the Opening of its Silicon Valley Headquarters Led by a Veteran Cybersecurity Leadership Team
MENLO PARK, Calif. — 2/25/2014 — CyberSense, a leading provider of cloud-based and on-premises cybersecurity solutions, today announced it has received $5 million in Series A funding from BRM Group and Opus Capital, experienced investment groups with portfolios spanning startups and established technology companies. CyberSense is led by cofounders Yaniv Alfi, CEO, Moshe Ben-Simon, vice president of services and research, and Yuval Malachi, co-founder and CTO. The founders have also announced the appointment of cybersecurity industry veteran Carl Wright as president and general manager, North America.
“Enterprises are under constant attack, overwhelmed with malware and losing stolen IP and customer data in unquantifiable volumes. The situation is costing the Global 2000 billions of dollars every year and is only getting worse,” said Alfi. “CyberSense will use the investment to continue to develop advanced cybersecurity solutions that are helping some of the world’s most-often-targeted organizations reduce the risk of costly and disruptive compromises, data breaches and compliance violations.”
With the CyberSense360™ platform, Global 2000 enterprises are able to detect and analyze zero-day, undetected malware in use by the world’s most Advanced Persistent Threat (APT) organizations, build threat profiles, utilize threat intelligence, block attacks and automatically remediate damage inflicted on IT ecosystems. CyberSense360 traps zero-day malware in its virtualized sensor network of honey pots and next-generation malware traps before the malware can inflict significant damage to customers’ data centers or cloud deployments.
“Enterprises of all types and sizes are seeking cybersecurity solutions that can provide effective protection against malware-carrying APTs that penetrate deep into IT ecosystems and steal valuable data and trade secrets,” said Dan Avida, general partner, Opus Capital. “Customer installations of the CyberSense360 solution have repeatedly detected and thwarted attacks that were not discovered by other products, which acts as proof that the solution is effective at addressing today’s most active and menacing threats.”
“Threats, advanced attackers and zero-day malware are increasing exponentially, as is the need for advanced solutions that can effectively detect and defend against all three,” said Eran Barkat, partner, BRM Group. “Our firm is exposed to multiple cybersecurity software startups regularly, and we look to invest in those that are proving that they have the ability to meet the demands of global enterprises. CyberSense is among the most effective new providers we have seen in a while.”Back to news >