Cybersecurity startup Militus has closed an undisclosed series A funding round from US private equity firm CyberSEC3.
Irvine, California-based Militus provides real-time network traffic monitoring for assessing a network’s security posture, remediation services, and governance, risk management & compliance (GRC) assessments. Its product and service offerings are anchored around the Unified Security Analytics Managers (USAM), a portable “best of breed” series of appliances according to the company.
With a proprietary threat correlation management algorithm and Narus Insight technology, USAM provides ‘complete situational awareness of a network’s traffic’, including the presence of Advanced Malware and Advanced Persistent Threats according to the company.
Along with the funding, the startup has also announced a ‘significant purchase’ of a number of the company’s Unified Security Analytics Managers (USAM) by a consortium of international cyber security managed service providers.
CEO Paul Manley said: “The combination of this investment and revenue from recent orders further positions Militus to continue developing our products and services to help organizations protect their sensitive data.”
CyberSEC3 is a Florida-based private equity firm that invests exclusively in early stage Cybersecurity/Infosec companies
Earlier this month, Cybersecurity platform Attivo Networks netted $21m in a Series C round led by Trident Capital Cybersecurity. The funding injection also saw participation from current investors Bain Capital Ventures and Omidyar Technology Ventures.
In September, big data security and analytics platform Securonix raised $29m in its Series A funding round. This investment was led by Volition Capital, with participation also coming from Eight Road Ventures. Securonix uses Hadoop and machine learning to turn enterprise security with actionable intelligence, by acquiring, augmenting and analysing a wealth of data in real-time to detect and prioritise cyber threats.
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