Dtex Systems, a Silicon Valley company working on technology to automate the detection of insider threats, has raised $50 million in late-stage funding led by CapitalG, the investment arm of Google’s parent company Alphabet.
The San Jose, Calif. company said the Series E brings the total raised to $138 million and provides capital to speed up the application of large language models (LLMs) and behavioral science research to disrupt the insider risk management market.
Dtex uses a combination of machine learning and network monitoring technologies to spot unusual patterns or activities to minimize data loss from insider threats.
The company is positioning its flagship product as a lightweight platform with tooling for Data Loss Prevention (DLP), User Behavior Analytics (UBA) and User Activity Monitoring to detect and mitigate insider risks well before data loss occurs. Dtex boasts that its platform can pinpoint abnormal behavioral “indicators of intent” to mitigate risk of data and IP loss.
Dtex said the new financing will go towards expanding its US engineering team and grow its go-to-market operations globally.
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