Israel-based enterprise security intelligence startup Fortscale has secured $10 million in a funding round led by Blumberg Capital and Intel Capital.
According to the company, the newly-raised money will be used to establish a new headquarters in Silicon Valley, expand its R&D and analytics teams, and promote partnerships.
Leveraging Big Data analytics, Fortscale says that its vision is to make it easy for any organization to produce cyber intelligence from multiple data sources by industrializing cyber analytics capabilities.
Targeted attacks, insider threats, and stealthy cyber campaigns are increasingly problematic for organizations. The company aims to address these challenges and deliver a proactive, intelligence-driven approach to security with its solution, Fortscale 1.0.
“Fortscale’s solution looks to solve this problem by delivering User Intelligence to help discover and investigate suspicious behavior and generate leads about possible security breaches. Fortscale brings unique vision and intelligence by providing the security analyst a comprehensive tool set, machine learning algorithms infrastructure and canned analytics that leverage existing security measures and provide fast results,” Idan Tendler, CEO & co-founder of Fortscale, said in a statement.
The intelligence provided by Fortscale’s platform is designed to enhance the existing capabilities of Big Data platforms and SIEM systems to help security analysts discover, investigate and remediate threats related to user activity and behavior.
“Enterprise security teams today need to be savvy about analytics to deal with a range of threats. Fortscale’s solution gives those security teams the resources they need to produce more intelligence and become more efficient, regardless of their technical know-how ,” noted Marcos Battisti, VP and managing director of Intel Capital.
“Fortscale has emerged as a key player in the big data security analytics space due to its vision, technology and team. The funding will continue the company’s momentum as it helps enterprises protect themselves from a new breed of cyber security threats,” said Oren Rozenbach, partner at the Swarth Group, which also participated in the round.
Still in private beta, Fortscale 1.0 is expected to have a commercial product launch in 2014.
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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