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enSilo Raises $23 Million in Series B Funding

Endpoint security firm enSilo on Thursday announced new capabilities for its platform, a $23 million Series B funding round, and significant revenue growth.

Endpoint security firm enSilo on Thursday announced new capabilities for its platform, a $23 million Series B funding round, and significant revenue growth.

The company’s latest funding round, which brings the total raised to date to over $57 million, was led by Rembrandt Ventures. The money will be used to enhance its product, drive sales and marketing initiatives, and accelerate hiring and growth across the US, Israel and other locations.

enSilo also announced that version 4.0 of its Endpoint Security Platform introduces new defense, data visualization and automation capabilities. This includes new virtual patching that deploys policies for blocking applications with serious vulnerabilities from communicating; discovery, assessment and control capabilities for IoT devices with known vulnerabilities; and USB control and expanded orchestration capabilities.

“With the unveiling of the new capabilities in version 4.0, we are expanding the market-validated prevention, detection, containment and response capabilities of our platform to include predictive security features and defending everything from workstations and servers with current and legacy operating system versions to manufacturing and other IoT devices,” said Udi Yavo, co-founder and CTO of enSilo.

enSilo also announced that it has experienced over 250 percent year-over-year revenue growth.

The company’s platform is designed to help organizations protect their endpoints and prevent data breaches. It includes next-generation antivirus, application communication control, threat hunting, detection and response, and virtual patching capabilities.

Related: Hunters.AI Emerges From Stealth With $5.4M in Seed Funding

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Related: Endpoint Security Firm SentinelOne Raises $120 Million

Related: Cylance Announces $120 Million in Funding

Written By

Eduard Kovacs (@EduardKovacs) is a contributing editor at SecurityWeek. He worked as a high school IT teacher for two years before starting a career in journalism as Softpedia’s security news reporter. Eduard holds a bachelor’s degree in industrial informatics and a master’s degree in computer techniques applied in electrical engineering.

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