Infocyte, a cybersecurity startup developed by former US Airforce officers, has closed a $5.2m Series B round.
The round, which brings the cyber threat hunting companyâ€™s total investment to $8.6M, was led by Toba Capital with participation from existing investors LiveOak Venture Partners, and Feik Enterprises. Based in San Antonio, Texas, InforCyte has also welcomed seasoned Fortune 500 technology executive Curtis Hutcheson as CEO.
Hutcheson was most recently General Manager for Dell Security Software (acquired by Francisco Partners), which included SonicWALL network security. Hutcheson also serves on the board of Interset.
With Hutcheson and new capital on board, the company plans to drive continued company growth and demand for its flagship dedicated threat hunting and Compromise Assessment platform, Infocyte HUNT.
Infocyte HUNT is a dedicated threat hunting platform built by former military threat hunters responsible for protecting the largest and most targeted networks in the world. It leverages military grade techniques and practices in an automated platform to simplify the hunt process, and reduce the skillset requirement for hunting malware and advanced persistent threats (APTs).
When prevention and security controls fail, the platform claims to â€˜significantlyâ€™ reduce attacker dwell timeâ€”the period between infection and discoveryâ€”to deny them the ability to persist undetected, reduce business impact, and restore trust in a networkâ€™s health.
â€œIndustry reports continue to show the damage that can be inflicted by an undetected breach in an enterprise network is actually growing rather than shrinking â€” and the risk extends beyond the business, to insurers and regulators,â€ said Vinny Smith, founder of Toba Capital.
â€œInfocyteâ€™s unique approach to the problem enables both internal â€˜huntâ€™ teams and independent assessors to quickly find threats hidden within a network. At Toba, we believe this is a key capability missing in the current enterprise security ecosystem, especially as regulation and accountability increase,â€ said Vinny Smith, founder of Toba Capital.â€
Following a number of high profile malware attacks and security breaches, a number of Cyberseurity companyâ€™s have raised capital in recent weeks. DFLabs, a provider of Security Automation and Orchestration technology,Â recently raised about $3.5m in additional funding. Attivo Networks announced plans to expand into the Asia-Pacific markets afterÂ receiving a new strategic investment from Singtel Innov8.
DataDome, a SaaS cybersecurity solution protecting websites from bot traffic,Â also bought in â‚¬2.5m from ISAI and 50 Partners, whileÂ Hysolate landed $8m in funding following its launch of stealth.
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