WALTHAM, Mass. (June 2, 2015) – CounterTack, the leader in Big Data Endpoint Detection and Response (EDR), today announced it has closed a $15 million Series C round of funding, led by TenEleven Ventures, with other new investors in the round including EDBI (the corporate investment arm of the Singapore Economic Development Board), along with the participation of existing investors.
The funding will help CounterTack support its accelerated go-to-market strategy, further its global expansion initiatives and deliver truly scalable next-generation endpoint detection and response (EDR) technology to its growing portfolio of enterprise customers. CounterTack is the one EDR provider truly delivering unprecedented endpoint detection, forensic analysis, threat visualization and real-time response capabilities to the enterprise and the SMB market through strategic MSSP partnerships.
“With cybersecurity innovation at an all-time high, CounterTack is leading by integrating high-powered Big Data technology with security telemetry to produce actionable data to help respond to the enterprise-level threats where SQL-based solutions simply can’t scale,” said Alex Doll, Founder, and Managing General Partner, TenEleven Ventures. “CounterTack provides a new level of visibility, context and control to enterprise teams who need to protect their most valuable data, along with powerful threat correlation and automated response capabilities, to counter sophisticated, unknown endpoint threats at-scale, across the enterprise. We’re thrilled to participate in this fundraise to foster continued growth to meet EDR market demand.”
“Traditional threat detection and prevention approaches are ineffective to the attacks we see against endpoints and users today and even perimeter defenses labeled as ‘advanced’ can be evaded by attackers,” says Adrian Sanabria, Senior Security Analyst, 451 Research. “Today’s enterprises must be able to detect and rapidly respond to threats that have made it past these defenses, onto the endpoint. This approach must be able to cut through the typical security alert ‘static’ to give analysts accurate intelligence about threats across the entire enterprise, in real time.”
“The rapid digitization of economies poses cybersecurity challenges to businesses globally,” said Chu Swee Yeok, CEO and President, EDBI. “The presence of leading cybersecurity companies such as CounterTack in Singapore, with its unique endpoint threat detection and response solutions, will help strengthen business resilience against rising cyber attacks. We look forward to realizing CounterTack’s Asian growth plans through our extensive network in the region.”
Key Growth Milestones:
CounterTack reported 300% YoY Q1 growth from 2014 to 2015 at the RSA Conference North America in April 2015.
The company was named to the JMP Securities Fast 50 list of hottest privately held security and networking companies.
CounterTack is a 2014 Gartner Cool Vendor, recognized for innovation in the Endpoint Security market. (May 2014) CounterTack’s CEO Neal Creighton will participate in the ‘Top Market Trends in the Endpoint Detection and Response Market’ panel at the Gartner Security & Risk Management Summit, June 8, 2015 from 10:00 am – 10:45 am EST at the Gaylord Resort, National Harbor, MD.
TenEleven Ventures and EDBI join CounterTack’s current investors including Goldman Sachs, Fairhaven Capital, Siemens Venture Partners, Razor’s Edge, OnPoint Technologies (investment fund of U.S. Army) and Alcatel-Lucent.