Preempt, a platform protecting enterprises from cybersecurity breaches and internal threats, has closed its Series B funding on $17.5m.
The round was backed by ClearSky, Blackstone, Intel Capital and existing investor General Catalyst. It brings the company’s total funding to date to $25.5m, having closed its $8m Series in 2016. As part of the Series B funding round, Preempt is adding Patrick Heim, operating partner at ClearSky, to its board of directors.
Headquartered in San Francisco, with research and development located in Ramat Gan, Israel, Preempt claims to be the first company to deliver Identity and Access Threat Prevention.
The company aims to allow enterprises to preempt threats in real time based on identity, behavior and risk. With the Series B capital, Preempt will expand operations to accelerate product innovation and go-to-market strategy.
“Blackstone began its relationship with Preempt as a customer and, as we worked alongside them, we were encouraged by their execution and vision,” said Adam Fletcher, chief information security officer at Blackstone. “As the perimeter changes to be more focused on identity and points of access, Preempt’s identity-centric vision and adaptive measures represent a strong and innovative approach to preventing cyber threats in real time.”
Preempt’s platform prevents threats in real-time across all network resources (on prem, cloud, SaaS, etc.) and has the ability to continuously preempt threats based on identity, behavior and risk.
It also provides context-based access control, which determines and enforces who is able to access what resources and in what context, and tool and protocol containment, which detects and controls the misuse of network and operational tools.
The platform also features unified visibility, enabling the user to see all user activity in one place, and open and extensible architecture, which creates easily exchange intelligence and integration with other security solutions.
“Our mission is to provide a more holistic approach around securing and protecting identity within the enterprise and to make it easier for enterprises to preempt threats before they impact the business,” said Preempt CEO and co-founder Ajit Sancheti. “This investment, which was driven and supported by several practicing CISOs – including Patrick Heimand Adam Fletcher – validates our vision that the enterprise needs a new, modern approach to prevent security breaches and internal threats.”
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
