Lastline, a provider of malware protection solutions catering to businesses, today announced that it has raised $10 million in funding led by venture capital firms Redpoint Ventures and e.ventures.
The company, which considers itself as FireEye’s number one competitor, was founded in 2011 by University of California, Santa Barbara and Northeastern University researchers Engin Kirda, Christopher Kruegel and Giovanni Vigna, who are also the founders of Iseclab and known for their development of the Anubis and Wepawet cloud based malware analysis tools.
Lastline’s flagship offering, Previct, helps enterprises combat advanced malware, APTs, and 0-day attacks. The solution complements existing protections, the company says, and analyzes incoming traffic using “high-resolution analysis” while monitoring outbound traffic to detect malware-related events by correlating them into incidents.
With the new funding, Lastline says it will focus on executing its sales strategy and further develop new solutions that use its technology to identify threats that traditional anti-malware solutions typically miss.
“This round of funding and the addition of John to our board of directors will further propel our business to new levels as we continue to focus on our products in the channel and continue our research to develop even more solutions to help organizations protect their networks from rapidly evolving threats,” said Jens Andreassen, CEO, Lastline.
Lastline’s technology gives organizations “advanced processor-level dynamic analysis, taint analysis and passive DNS analysis”, the company explained. Additionally, its correlation engine provides situational awareness and actionable threat intelligence by correlating, aggregating and prioritizing security events based on severity, resulting in the discovery of threats and automated generation of detection models before they are exposed.
“Their unique technology and approach combined with their experienced founding and technology team make Lastline well-positioned to effectively deal with today’s rapidly evolving cyber threats,” said Mathias Schilling, Partner, e.ventures. “We truly believe organizations worldwide will benefit from Lastline’s solutions to protecting their networks and important digital assets.”
As part of the deal, John Welecka, a Partner at Redpoint Ventures, will join the Lastline board of directors.
More information on LastLine is available online.