LightCyber, a provider of security breach detection and response solutions, has raised $10 million in a new funding round led by Battery Ventures.
According to the company, the new funds will be used to expand its sales and marketing operations in the United States.
The company currently operates offices in Ramat Gan, Israel and New York City.
Founded in 2011, LightCyber offers an automated breach detection product called LightCyber Magna which helps companies detect active cyber attacks that have penetrated existing security controls.
LightCyber Magna analyzes network traffic and endpoint information to understand the behavior of users, devices and applications and to detect compromised computers and stolen credentials early in the attack lifecycle, allowing users to remediate breaches and stop attacks before the damage is done, the company explained.
“We don’t look at a specific packet or field to test whether it is too large. We look at the behavior,” Giora Engel, co-founder and CEO of LightCyber, told SecurityWeek in an interview last year. “This means that every file access and every protocol could be used as an attack indication – even were it alright under a different context. What we do is model each computer and user separately, and maintain those models over time. Everything we do is based on history we gather from the network.”
“In today’s landscape of advanced, persistent threats, old-fashioned, perimeter security measures are no longer sufficient,” said Battery’s Parnafes. “Today, a company’s security arsenal must contain technology that can identify malicious activity in the internal network with a minimum of false-positives. We were impressed by LightCyber’s vision to solve this challenge and with its world-class talent and technology that enable such a solution, and we are proud to partner with the company.”
Previous investors Glilot Capital and Marius Nacht, founder of Check Point Software, also participated in the round
As part of the transaction, the company said that Itzik Parnafes, general partner of Battery Ventures, will join LightCyber’s board of directors.
Related Reading: Security Startups: In Focus With LightCyber Co-Founder and CEO Giora Engel