Seculert, a Petach-Tikva, Israel-based malware threat detection company, today announced that it has closed a $5.35 million round of venture funding that will be used to further expand its sales and product development teams and establish a U.S. presence.
The funding was led by Norwest Venture Partners, with existing investor YL Ventures also participating in the round.
Founded by former executives from Sandisk, RSA, and Comverse Technology, Seculert's solution helps detect malware that may have evaded existing security measures across an entire organization.
By pulling external intelligence from live botnets, the company claims there are no false positives and that customers can be 100 percent sure that Seculert's findings represent real attacks.
Seculert’s service is completely cloud-based, with no in house appliances needed, enabling fast and easy deployment that can complement an enterprises' existing security infrastructure. In fact, the company says the solution is designed to provide additional cloud-based malware detection capabilities on top of on-premise security products.
"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," said Dudi Matot, CEO of Seculert.
The company began offering its threat detection solution in 2011 and says its solution is being used by Fortune 500 companies, global financial services as well as many medium enterprises.
In addition to the funding, Dror Nahumi, partner at About Norwest Venture Partners, has joined Seculert's board of directors.