Solebit, a cybersecurity company developing threat and malware identification technology, has closed an $11m Series A funding round.
The round was led ClearSky Security, with participation from MassMutual Ventures and Glilot Capital Partners.
Solebit, which is currently establishing a new global headquarters in Silicon Valley, said it will leverage these funds to accelerate adoption and deployment of the SoleGATE Security Platform. It will also be used to immediate growth in sales and marketing capabilities.
The SoleGATE Security Platform is anchored by DvC, a patented, real-time, signature-less engine, which conclusively identifies malware threats regardless of evasion technique, file type, operating system, and client-side application whether on-premise or in the cloud. Solebit processes millions of transactions every day and does not rely on heuristics, patterns or behaviours, which the company claims makes it evasion-proof for today’s modern attacks and future ready as well.
“Solebit provides the most effective, real-time, and accurate cyber-attack prevention platform that is incredibly simple to use, integrate and manage,” said Peter Kuper, managing director, ClearSky Security.
“As organisations struggle to better manage risk against unknown threats, Solebit is ideally positioned to be a trusted partner to both enterprise and large-scale security vendors as they contend with ever increasingly sophisticated attackers. We are confident that Solebit has identified an attractive growth market that is currently suffering from ineffective sandbox technologies. Our investment will augment Solebit’s world-class team of engineering, sales and customer care professionals to further promote its standing amongst the world’s great cyber security companies.”
Founded in 2014 by a team of cyber security experts, all graduates of the elite technology units in the Israel Defense Forces, the company says it is delivering the most effective evasion proof approach to the identification and prevention of zero-day malware and unknown threats. Solebit counts a variety of leading US and European financial organisations, tech, defense contractors, security vendors, cloud and telecom service providers as active customers.
It claims to strengthen a company’s cyber defenses dramatically by preventing attacks before they enter and harm their organisation, customers and brand. It identifies any malicious or hidden code within incoming data files and proactively improve the agility of their cybersecurity.
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