Threat detection startup Seculert secures $5.35 million from Norwest Venture and YL Ventures
Threat detection startup Seculert has closed a $5.35 million financing round led by Norwest Venture Partners (NVP) with the participation of existing investor YL Ventures. The funding will be used to further invest in sales and product development teams as well as establish a US presence.
Seculert has developed patent-pending cloud-based technology that provides early detection of a broad array of threats and strengthens enterprises' existing security infrastructures, enabling fast and cost-effective deployment without the need for new hardware, software or any changes to the corporate network.
"We were immediately impressed with Seculert's technology, team and the fast adoption of the product with leading Fortune 500 customers," said Dror Nahumi of NVP. "The company's cloud-based technology has the potential to become ubiquitous among corporate networks because it doesn't require any hardware or software installation and works alongside existing malware solution providers."
Seculert's cloud service automatically finds malware that has been bypassed by existing legacy security measures across an entire organization, including laptops, mobile devices and remote employees. Seculert began offering its advanced threat detection solution in 2011 and is trusted by Fortune 500 companies, global financial services as well as many medium enterprises.
Seculert was founded in September 2010 by, Dudi Matot, the current CEO, Aviv Raff, the company's CTO, and Alex Milstein, COO.
Prior to Seculert, Dudi worked in at SanDisk and Check Point Software. Before joining Seculert, Aviv established and managed RSA's FraudAction Research Lab, as well as working as a senior security researcher at Finjan's Malicious Code Research Center. Milstein worked in the past at Comverse Technology, Paradigm Software Solutions and Finjan Software. Seculert is based in Petach-Tikva, Israel.