Fortune Magazine features an article on Cocona’s 37.5™ technology.
To read the article click here:
Month: February 2014
CounterTack Secures Additional Financing to Close Out Series B Funding at $15 Million
Siemens Joins Goldman Sachs, Fairhaven Capital and Private Investors to Fund CounterTack’s Rapid Growth in the Endpoint Security Market
WALTHAM, Mass. – February 25, 2014 – CounterTack, a pioneer in delivering real-time endpoint threat detection, context and visibility around targeted attacks, today announced that it has closed out its Series B financing round with an additional $3 million to complete a $15 million raise.
This funding comes on the heels of a surge in global customer demand. With this extension, the Venture Capital unit of Siemens (SFS VC) joins CounterTack investors including Goldman Sachs, Fairhaven Capital and a group of private financiers to fuel an accelerated technology expansion and market delivery of CounterTack’s Sentinel platform for real-time endpoint threat detection and response for the enterprise.
“CounterTack is delivering an enormously valuable technology to enterprise and industrial customers in the important endpoint threat detection and response market,” said Ralf Schnell, CEO of SFS VC. “As the threat landscape continues to grow more dangerous, innovation from emerging technology leaders like CounterTack is changing the way organizations think and act about security in the enterprise. We’re thrilled to be part of the dynamic growth CounterTack is experiencing.”
“As this market continues to grow, we’re thrilled at our capability to attract strategic investors like Siemens, who is dedicated to identifying and financing young companies globally, during their start-up phase, providing capital for their expansion,” said Neal Creighton, CEO, CounterTack. “Their portfolio is comprised of visionary technology leaders across many industries to help organizations worldwide solve major business challenges.”
CounterTack’s Sentinel platform provides security teams with real-time threat detection, context and visibility into attacker behaviors. This enables CounterTack’s customers to rapidly detect and analyze threats on individual and groups of workstations and server endpoints throughout a customer’s organization, and correlate threats enterprise-wide. With Sentinel, teams can identify attack characteristics and trends to better defend themselves and prioritize their response to the most malicious, damaging threats worldwide.
CounterTack continues to gain global recognition for its revolutionary endpoint protection solutions. SK Infosec, one of South Korea’s largest information security providers, is leveraging CounterTack’s real-time enterprise threat monitoring solution Sentinel to counter known and unknown cyber attacks that threaten organizations across South Korea.
About CounterTack
CounterTack’s real-time endpoint threat detection and response platform, Sentinel, delivers unprecedented visibility and context to enterprise security teams around targeted, persistent threats. CounterTack dramatically reduces the impact of advanced attacks, providing real-time, behavioral-based intelligence on attacker activity upon infiltration, so organizations can defend their business leveraging Sentinel’s contextual attack evidence for a rapid, prioritized response.
By combining ‘stealthware’ technology and Big Data analytics, CounterTack turns the tables on attackers, giving security teams and incident responders an advantage over their adversaries to make better security decisions with real-time, automated, forensic-level analysis. CounterTack is revolutionizing how companies defend their endpoints – across the enterprise. To learn more, visit www.CounterTack.com.
About Siemens Financial Services (SFS)
The Financial Services unit of Siemens (SFS) is an international provider of business-to-business financial solutions. SFS helps facilitate investments, providing commercial finance, project and structured finance with specific asset expertise in the energy, healthcare, industry, and infrastructure & cities markets. Employing more than 3,000 employees worldwide, SFS supports Siemens as well as other companies with their capital needs and acts as an expert manager of financial risks within the Siemens company. For more information, visit: www.siemens.com/finance.
About Siemens’ Venture Capital unit of Siemens Financial Services (SFS)
The Venture Capital unit of SFS (SFS VC) and corporate venture capital organization of Siemens invests in early stage technology companies and established technology growth companies, focusing on the energy, healthcare, industry, and infrastructure & cities markets and hence plays a key role in Siemens’ global innovation network. The aim is to identify innovative solutions from which Siemens and its customers can profit and to strengthen business partnerships with innovative industry players. To date, the company has invested in more than 180 start-up companies. For more information, visit www.siemens.com/venturecapital.
VC Q&A: Rudina Seseri of Fairhaven Capital
Fairhaven’s very own Rudina Seseri has been featured in a Boston Business Journal VC Q & A session.
Check it out here:
Cylance selected as finalist for RSA Conference Annual Innovation Sandbox
CylancePROTECT Recognized For Unique Mathematical Approach that Proactively Detects and Protects
IRVINE, Calif., and SANTA CLARA, Calif. – Feb. 10, 2014 – Cylance today announced it has been named as one of the 10 finalists for the RSA® Conference’s 2014 Innovation Sandbox program. On Monday, Feb. 24, Cylance will have the opportunity to demonstrate its security innovation, CylancePROTECT, to the Innovation Sandbox panel of judges for a chance to be named the “Most Innovative Company at RSA Conference 2014.”
Innovation Sandbox promotes new approaches to technology, provides advice and counsel for entrepreneurs, and exposes the RSA Conference community to venture capitalists, industry experts, senior level business practitioners, and thought leaders.
“Being named to the top 10 is an indicator of great things to come for our Innovation Sandbox finalists,” said Alex Bender, general manager of the RSA Conference. “Past winners and finalists have validated this honor through growth, acquisitions, and funding. We expect similar results for the 2014 group and look forward to watching these organizations continue to succeed for years to come.”
The California-based cybersecurity provider Cylance, led by an elite team of security experts, couples the understanding of a hacker’s mentality with algorithmic intelligence and best practices to be truly predictive and preventive against advanced threats. Rather than simply reacting to threats after they have done their damage, Cylance delivers a new mathematically based threat detection model that instantly determines what is safe and what is a threat, automatically learning from hundreds of millions of malicious and non-malicious files, neutralizing the threats before they can open or execute on an endpoint.
“Our innovative, game-changing approach renders new malware, viruses, bots, and unknown future variants useless on a company’s endpoints,” said Stuart McClure, founder and CEO of Cylance. “We wanted to create the first security product that thought like a human, in particular a veteran security expert. And that’s what we’ve achieved. For the first time ever, we have expert decision making on the endpoint for security. The application of this technology is almost limitless.”
The “Most Innovative Company at RSA Conference 2014” winner will be determined at the conclusion of Innovation Sandbox, after each finalist gives a short presentation to a panel of judges that includes Asheen Chandna, Partner at Greylock Partners; Gerhard Eschelbeck, Chief Technology Officer and Senior Vice President of Sophos; Alastair Goldfisher, Editor of Venture Capital Journal; George Hoyem, Investment Partner at In-Q-Tel; Paul Kocher, President of Cryptography Research; and Katie Moussouris, Senior Security Strategist Lead at Microsoft.
Additional information about the “Most Innovative Company at RSA Conference 2014” contest and Innovation Sandbox program can be found at: www.rsaconference.com/TheSandbox
About Cylance
Cylance is the first company to apply artificial intelligence, algorithmic science and machine learning to cyber security and improve the way companies, governments and end users proactively solve the world’s most difficult security problems. Using a breakthrough mathematical modeling process, Cylance quickly and accurately identifies what is safe and what is a threat. By coupling sophisticated math and machine learning with a unique understanding of a hacker’s mentality, Cylance provides the technology and services to be truly predictive and preventive against advanced threats. www.cylance.com
About RSA Conference
RSA Conference helps drive the global information security agenda with annual events in the U.S., Europe, and Asia. Since 1991, RSA Conference consistently attracts the best and brightest in the field, creating opportunities to learn about information security’s most important issues through face-to-face and online interactions with peers, luminaries and emerging and established companies. As information security professionals work to stay ahead of ever-changing security threats and trends, they turn to RSA Conference for a 360-degree view of the industry. RSA Conference seeks to arm participants with the knowledge they need to remain at the forefront of the information security business. More information on events, online programming and the most up-to-date news pertaining to the information security industry can be found at www.rsaconference.com.
# # #
Media Contact:
Rachel Kaseroff
415-341-5625
rachel@methodcommunications.com