Behaviour security analytics solution TrueFort has netted $13.7m in a Series A funding round.
US-based venture capital firm Evolution Equity Partners led the investment, with participation also coming from Lytical Ventures and Emerald Development Managers.
Proceeds from the round are earmarked for expanding the startup’s sales, marketing, R&D, customer support and go-to-market activities.
TrueFort is a ‘last line of defence’ against insider or advanced persistent threats for core business applications. The software leverages advanced analytics and machine learning to monitor more than 100 end-to-end interdependencies, baseline application behaviour and detect malicious activity as it occurs.
As part of the investment, Evolution Equity partner Karthik Subramanian has joined the TrueFort board of directors.
Evolution’s Karthik Subramanian said, “TrueFort has developed a completely new approach for protecting companies against data breaches by securing the very software applications that execute business processes.
“It’s a unique, very powerful architecture that resonates with senior IT executives because it provides a compelling value proposition for preventing and containing security incidents. TrueFort is one of the few platforms that provides visibility, detection and response in a completely automated solution.”
Last year, Evolution Equity contributed to the $3.5m seed funding round fellow cybersecurity startup ZecOps. The company, claims to be a stealth mode cybersecurity automation service which helps learns from attackers’ mistakes to discover the objectives of the attack, burn the threat exploits and increase the attackers’ costs.
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