Prevailion, a cyber adversary intelligence provider, has closed a strategic investment round led by Allstate Strategic Ventures.
Capital was also supplied by Accenture Ventures and Irongrey.
The amount of capital supplied in the round was not disclosed. This investment serves as an extension to its oversubscribed Series A, which closed on $10m in 2019.
Funds from the round will help the company hopes to further expanding its usability, reporting and partner ecosystem by the end of 2021. Additionally, it will bolster its marketing and sales efforts to meet the rising demand from customers.
This uncovers previously undetected compromise information on thousands of corporate, supply chain and government systems.
The company leverages an Adversarial Counterintelligence Tactics (ACT) team to stalk illicit players and implement a unique global sensor network and software to eavesdrop on threat actor infrastructure.
Currently, the company tracks more than 28,000 compromised organisations globally.
Prevailion founder and CEO Karim Hijazi said, “Recent compromises, such as SolarWinds, as well as other key service providers, demonstrate the escalating threat environment for all organizations and the growing risk of exploitation through trusted relationships by sophisticated threat actors. Prevailion provides the only solutions that focus on confirmed Evidence of Compromise (EoC) to let companies know the second that a threat actor or group has begun their attack campaign.”
Prevailion was created to solve the lack of innovation in identifying active compromises, particularly early in the attack chain, both within an organisation’s networks and those of supply chain partners.
The company also previously closed a $2m seed round from DataTribe.
ataTribe co-founder Bob Ackerman said, “The proliferation of ransomware and supply chain attacks calls for a drastically different approach that can accelerate compromise detection and enable security teams to take immediate action to thwart these threat actor campaigns in the early stages.
“Prevailion’s unique counterintelligence capabilities identify these campaigns at the source and at the actual time of compromise with a zero-touch model that significantly improves security operations and helps prevent a successful attack.”
Copyright © 2018 RegTech Analyst
