Seculert, an Israel-based provider of cloud-based threat detection solutions, has closed a $10 million Series B funding round led by Sequoia Capital with participation from existing investor, Norwest Venture Partners (NVP).
Seculert provides a service that helps organizations combat advanced malware and Advanced Persistent Threats (APTs) by leveraging a cloud-based, crowdsourcing and Big Data analytics platform to identify and block attacks.
“We use our automated malware expertise in conjunction with our cloud-based advanced threat protection platform to transform companies’ existing security devices into comprehensive APT solutions,” said Dudi Matot, co-founder and CEO of Seculert. “Our solution has already proven to be successful with Fortune 500 companies as well as global financial service providers, telecom companies, and multinational oil and gas companies.”
Late last month, Seculert uncovered details of “PinkStats”, malware used in a string of attacks by several Chinese-speaking groups over the last four years to target different worldwide organizations and nation-states.
“The risks organizations are facing from new types of security threats is on a sharp rise,” said Gili Raanan of Sequoia Capital. “Seculert sets itself apart from the other cyber security companies by providing organizations the simplest, off-campus malware protection solution in the cloud that can also work with existing security devices to protect the organization. We are thrilled to partner with Dudi, Aviv, Alex and their exceptional team who has experienced significant uptake by the market.”
Seculert was founded in 2011 by security industry veterans Dudi Matot, Seculert CEO, Aviv Raff CTO, and Alex Milstein the company’s COO.
Gili Raanan, partner at Sequoia Capital, has joined Seculert’s Board of Directors along with existing investor Dror Nahumi of NVP, founding investor Yoav Andrew Leitersdorf of YL Ventures and industry veteran Benny Schnaider.
Seculert R&D is based in Israel, with sales offices located in the United States and Europe.