Cybersecurity platform Attivo Networks has received a new strategic investment from Singtel Innov8.
Singtel Innov8 joins current investors Bain Capital Ventures, Omidyar Technology Ventures and Trident Capital Cybersecurity, who have collectively provided $47.5m in funding to Attivo. In October, the company netted $21m in a Series C round led by Trident Capital Cybersecurity.
The Fremont, California-based company said it will use the funding to accelerate expansion into Asia Pacific markets with increased investment in sales, marketing and customer support operations.
“Singtel Innov8’s investment opens up new market opportunities for Attivo Networks and aligns the company for aggressive international growth,” said Tushar Kothari, CEO, Attivo Networks. “There is clear pent-up demand in the Asia Pacific region and worldwide for advanced threat detection and response solutions by organizations requiring a new model for cyber resilience. This funding and access to Asia Pacific Markets will be instrumental in further expanding the Attivo Networks customer base and in supporting the needs of global customers.”
Attivo uses deception technology for real-time detection, analysis, and accelerated response to advanced, credential, insider, and ransomware cyber-attacks. The platform is able to detect in-network threats and provides threat management for user networks, data centres, cloud, IoT, ICS-SCADA, and POS environments.
The company’s Camouflage system sets up deception techniques and decoys to create traps which lure attackers into and then reveals them to the host. Attivo is used by businesses in the financial, retail, government, retail, energy and high-tech sectors. It solutions are used by financial institutions, community or regional banks, credit unions, money transmitters or third party service providers (such as a credit card payment processor).
Last month, Hysolate, a cybersecurity startup that has invented a hybrid endpoint architecture, landed $8m in funding following its launch of stealth.
CryptoMove, a California-based startup which claims to be revolutionising cybersecurity, also recently closed a $6m in Series A funding round. CryptoMove is a decentralized datastore that protects data with dynamic movement, mutation, fragmentation, and re-encryption according to its website.
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