ReversingLabs collects $25m for cybersecurity platform

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ReversingLabs, a provider of cyber threat detection and analysis solutions, has closed a $25m Series A round.

Trident Capital Cybersecurity and JPMorgan Chase led the new round of funding, with Sean Cunningham of Trident will joining the Board of Directors at Reversing Labs.

Based in Cambridge, Massachusetts, claims to address a ‘blind spot in organizations’ cyber defences’ by providing solutions which classify all files by their internal attributes at enterprise-scale.

It claims to be able to inspect all files – from email, web or other sources – enabling customers to identify threats, similarities to known malware and customised attacks. Since founding in 2009, ReversingLabs has attracted enterprise customers, security vendors and technology partners worldwide, as well as a number of financial institutions and leading-edge technology companies, including JPMorgan Chase.

With new capital on board, the company said it will now to able to meet soaring demand, expand to wider markets and extend global reach to those enterprises seeking to bolster their threat defense capabilities.

Cunningham said: “Advanced threat detection alone is not enough. Enterprises increasingly realize that they must adopt new strategies for defense against cyber attackers. ReversingLabs solutions enable comprehensive content classification to support advanced hunting and analysis of advanced threats. We look forward to partnering with ReversingLabs to execute on their strategic growth initiatives.”

To address potential threats, its solutions starts with rapid in-depth analysis and classification, augmented with whitelist and blacklist of more than six billion files.

The whitelist is a list of acceptable files, such as software applications from a trusted source, while the blacklist details known malicious or suspicious objects, such as viruses, Trojans and spyware. ReversingLabs claims to harvest and process 10 million goodware and malware files daily.

Last month, Trident Capital Cybersecurity led a $21m Series C round for Attivo Networks, investing alongside Bain Capital Ventures and Omidyar Technology Ventures. California-based Attivo is uses deception technology for real-time detection, analysis and response to cyber threats.

Copyright © 2017 FinTech Global



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