Venture capitalCyphort, a threat monitoring specialist, raises $15.5 million Series B funding
San Jose, California-based Cyphort, Inc., a company specializing in advanced threat monitoring and mitigation platform, has closed in $15.5 million Series B funding. The round was led by Menlo Park, California-based Trinity Ventures with participation from existing investors Foundation Capital and Matrix Capital. Cyphort’s platform blends multi-phase behavioral analysis, machine learning, and correlation to provide businesses with real-time detection, context, and mitigation for advanced malware attacks that bypass traditional security and first generation APT solutions.
San Jose, California-based Cyphort, Inc., a company specializing in advanced threat monitoring and mitigation platform, yesterday announced it has closed in $15.5 million Series B funding. The round was led by Menlo Park, California-based Trinity Ventures with participation from existing investors Foundation Capital and Matrix Capital. Fred Wang, general partner of Trinity Ventures, will join Cyphort’s board of directors. The company says the latest round of funds will be used to accelerate delivery.
“Trinity Ventures is the ideal partner to join our current investors, and Fred’s knowledge of the enterprise space and strategic guidance will help us scale all facets of our business to transform the way enterprises protect their systems,” said Cyphort CEO, Manoj Leelanivas.
“Enterprises are under constant attack from malicious software, compromising the security of sensitive information and exposing the company, its employees, and its customers to unprecedented levels of fraudulent losses. Signature and heuristic-based detection have proven unsuccessful in keeping pace with the complexity of advanced modern attacks. Cyphort’s approach is much more comprehensive and accurate in defending against these attacks.”
Cyphort describes its product as the industry’s first and only advanced threat solution to combine best-in-class multi-OS threat detection, actionable threat intelligence, and distributed multi-application architecture, making it able to deliver a high level of security to the enterprise. Cyphort’s platform blends multi-phase behavioral analysis, machine learning, and correlation to provide businesses with real-time detection, context, and mitigation for advanced malware attacks that bypass traditional security and first generation APT solutions.
“New and increasingly sophisticated cyber-attacks continue to evolve, leaving companies inadequately protected by their current anti-virus, intrusion protection, and first generation behavior-based solutions,” said Fred Wang of Trinity Ventures. “Cyphort is bridging a critical, emerging security gap with its new threat monitoring, detection and protection platform and we are excited to be a part of this opportunity.”
