Cybersecurity platform Hysolate has raised $18m in its Series B round, to support the adoption of its product in the market.
Bessemer Venture Partners and Innovation Endeavors led the investment which also received participation from NGP Capital. As part of the deal, Bessemer Ventures partner Amit Karp, and Innovation Endeavors partner Harpinder Singh will join Hysolate’s board.
Through this capital burst, Hysolate is hoping to accelerate the adoption of its platform which can help protect endpoints from cyberattacks, while boosting end-user productivity. Funds will be used to grow its market presence and its global customer base.
Hysolate offers software-defined endpoints to help secure user devices and remove risks. The platform turns a user’s device into endpoint and each endpoint has multiple isolated virtual machines. The alternative “hybrid” architecture that allows enterprises to run multiple side-by-side operating systems on a single workstation, without risk.
This means employees are able to install and work with any website without being constrained by security restrictions, and without exposing data to risks. If an operating system is corrupted, it is contained at just that endpoint.
Hysolate CEO and co-founder Tal Zamir said, “End-user devices are deluged by cyberattacks. To protect them, most businesses either lock down devices, making it extremely hard for people to work efficiently, or prioritize productivity and take chances with security. Either choice is untenable.
“Hysolate frees businesses from this no-win situation by transforming devices into the world’s first software-defined endpoints, making them the secure and productive environments they were meant to be. We’re very pleased that Bessemer, Innovation Endeavors and NGP Capital—all premier technology investors—believe in Hysolate’s approach and our ability to execute on our vision.”
The company only launched out of stealth at the start of the year and in the process of doing so, it landed a $8m investment to support it.
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
