Silicon Valley start-up Circle Security has launched out of stealth with its credential phishing prevention-first cybersecurity platform.
The company has early funding under its belt from unnamed strategic investors.
Circle has built a patented technology that transforms how companies access and protect data by overcoming the most pervasive cybersecurity challenges.
The CyberTech company claims that credential-driven data breaches are the biggest threat vector. It also claims prevention of credential phishing provides an 82% in ROI to enterprises, saving them north of $680K.
The decentralised platform of Circle ensures secure access to cloud data and applications, while protecting data during sign-in and throughout the user journey. Through this, enterprises can rely on a single platform to secure access to sensitive data and protect it from exposure with full visibility and control on any user device.
It claims to help any firm with cybersecurity initiatives for security posture management, remote work, passwordless infrastructure, ransomware, endpoint protection, business email compromise and customer experience transformation.
Circle founder and CEO Phani Nagarjuna said “The ultimate dream of security practitioners is to achieve true prevention of breaches.
“The cybersecurity world is littered with several XDR, Zero-Trust & MFA technologies, and yet we continue to see a proliferation in identity-driven data breaches. It’s high time we augment these detection technologies with a foundational prevention-first technology that squarely addresses the root causes of the most common cyber threats.”
In other CyberTech news, Quickpass Cybersecurity, a provider of privileged access management and helpdesk security automation for managed service providers (MSPs), collected $12m in funding. In addition to the funding round, the company rebranded to CyberQP to better portray its mission.
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