CounterTack, a Watham, Mass-based endpoint security startup that provides real-time, cyber threat detection and forensics to the enterprise, announced on Wednesday that it has closed a $12 million Series B round of funding.
According to the company, the cash infusion will support its “accelerated go-to-market strategy” and global expansion.
CounterTack explained that its solutions provide real-time threat detection and visibility into attacker behaviors and enable the firm to detect and analyze threats on individual endpoints throughout a customer’s organization. Furthermore, the company says it correlate threats enterprise-wide, to identify attack characteristics and motives to better defend against them.
“We are excited about our series B which includes Goldman Sachs, Fairhaven Capital and our private investors,” Neal Creighton, CEO of CounterTack, said in a statement. “The market has shown tremendous interest in our approach to securing enterprise endpoints and defending against highly targeted and persistent attacks. As a result of our momentum, we are currently oversubscribed, with the potential for CounterTack to receive additional funding in this round.”
In August 2013, CounterTack announced that it had formed a partnership with SK Infosec, a South Korean information security provider. As a result of that agreement, CounterTack sad its Sentinel technology will play a critical role in countering the ongoing cyber attacks that South Korean organizations face everyday.
Earlier this week, a Seoul lawmaker accused North Korea of staging thousands of cyber attacks against the South in recent years, which caused financial losses of roughly $805 million. Citing data provided by the Defense Ministry’s cyber warfare unit, ruling party MP Chung Hee-Soo told parliament that the South Korean military had been the target of 6,392 North Korean cyber attacks of varying scale since 2010.
“We are seeing an explosive opportunity in the endpoint security market worldwide,” said Mark Hatfield, partner at Fairhaven Capital. “CounterTack’s innovative approach to detecting and analyzing threats on desktop, laptop and server endpoints positions the company to become the next meaningful security technology to the global enterprise. As the threat landscape has evolved, so has CounterTack, keeping the company and its customers ahead of persistent attackers.”
