Cybersecurity firm led by former Facebook exec [redacted] launches with $35m

San Francisco-based cybersecurity startup [redacted] emerged from stealth with $35m in Series B funding.

The round, which brought the total raised to date to $60m, was led by Ten Eleven Ventures, with participation from Valor Equity Partners and SVB Capital. As a part of the announcement, Alex Doll from Ten Eleven Ventures and Constantine Saab from Valor Equity Partners joined [redacted]’s board of directors.

The company intends to use the funds to scale and accelerate the adoption of its platform with the aim to level the playing field against cyber attackers.

Led by Max Kelly, [redacted] provides a platform with advanced threat intelligence and response capabilities that enable organisations to disrupt adversaries and protect their businesses. It essentially handles the whole spectrum of security needs from attack prevention, detection and response to damage mitigation.

The system provides customers with continual awareness of their security posture at all times and what actions the system is taking to keep them safe. If an attack does occur, [redacted]’s software enables the team to hold attackers accountable and disrupt their operations.

Kelly said, “Adversaries that attack companies and high net worth entities operate outside the law and elude consequences for their actions, creating an uneven playing field for defenders.

“Just playing defence is a losing strategy. In order to be truly resilient, companies need more than simple monitoring and auditing of their environments for malicious activity. They need a partner that provides broader context and the capabilities to pursue and disrupt adversaries — within the rule of law — to protect their businesses.”

[redacted]’s founding team boasts of security intelligence experience that spans the public and private sectors. Kelly held the role of chief security officer at Facebook and previously worked at the National Security Agency and US Cyber Command, while co-founder John Hering founded and served as CEO for the cybersecurity firm Lookout. The entire [redacted] team has experience defending public and private entities, including Facebook, Amazon, NASA JPL, Symantec, Cisco, FBI, CIA, NSA, DIA, Army, Air Force, Navy, US Marine Corps, US Cyber Command, the UK’s GCHQ.

Doll added, “With the industry’s most advanced pursuit capabilities, [redacted] has the power to teach attackers that companies will hold them accountable for attacks. [redacted]’s cloud-native security platform also enables them to protect and defend companies that run their operations within a modern cloud architecture. Together, these features enable [redacted] to offer the most holistic and proactive security solution for companies in today’s elevated threat environment.”

Copyright © 2021 FinTech Global

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research


The following investor(s) were tagged in this article.