PALO ALTO, CA--(Marketwire -07/10/12)- Seculert, an advanced threat detection company, today announced that it has closed a $5.35 million round of venture financing. Norwest Venture Partners (NVP) led the round and existing investor YL Ventures participated. Funding will be used to further invest in sales and product development teams as well as establish a U.S. presence. Dror Nahumi, partner at NVP, has also joined Seculert's board of directors.
Malware today morphs so fast that legacy security systems and takedowns can't keep up. Seculert's unique solution automatically finds malware that has been bypassed by existing legacy security measures across an entire organization, including laptops, mobile devices and remote employees. By pulling external intelligence from live botnets, there are no false positives and organizations can be 100 percent sure that Seculert's findings represent actual attacks. Customers are provided with an easy-to-understand dashboard, delivered via web browser that provides definitive threat analysis. Seculert is also a pure cloud service with no software, appliances, or setup cost, so users can start protecting themselves in minutes.
"This round of funding not only enables us to expand our product and sales groups, but gives us access to a set of highly experienced investors. Both firms have a clear understanding of cloud technology, security and big data trends which will be tremendously helpful as we expand our product lines," said Dudi Matot, CEO of Seculert. "Seculert has the ability to be the most ubiquitous cyber security prevention tool, and with NVP and YL Ventures' guidance combined with our team's expertise, we're confident in our ability to fight cyber attacks in this new and cost effective manner."
Seculert's cloud service is non-intrusive, complementing an enterprises' existing security infrastructure. It is designed to provide additional cloud malware detection capabilities on top of on-premise security products. Deployment is instant and extremely cost-effective since there is no need for new hardware, software or changes to the corporate network.
"We were immediately impressed with Seculert's technology, team and the fast adoption of the product with leading Fortune 500 customers," said Dror Nahumi of NVP. "The company's cloud-based technology has the potential to become ubiquitous among corporate networks because it doesn't require any hardware or software installation and works alongside existing malware solution providers."
Yoav Andrew Leitersdorf, managing partner at YL Ventures and board member at Seculert, commented: "We are thrilled with Seculert's growth since our initial investment 18 months ago. The company's Advanced Threat Detection service is gaining traction in the hyper-growth cyber security market, and given the great magnitude of the opportunity, we are delighted to have NVP join us as we all work together to make Seculert an even greater success."
Seculert began offering its advanced threat detection solution in 2011 and is trusted by Fortune 500 companies, global financial services as well as many medium enterprises. For pricing and more information on Seculert visit www.seculert.com.
Seculert helps enterprises, governments and service providers detect advanced cyber threats affecting customers' networks, particularly Advanced Persistent Threats (APT), without the need for network integration. The company has developed patent-pending cloud-based technology that provides early detection of a broad array of threats and strengthens enterprises' existing security infrastructures, enabling fast and cost-effective deployment without the need for new hardware, software or any changes to the corporate network. Seculert is based in Petach-Tikva, Israel. For more information visit www.seculert.com.
About Norwest Venture Partners (NVP)
Norwest Venture Partners (NVP) is a global venture and growth equity investment firm that manages more than $3.7 billion in capital. Headquartered in Palo Alto, California, NVP has subsidiaries in Mumbai and Bengaluru, India and Herzelia, Israel and Hong Kong. NVP makes early to late stage venture and growth equity investments across a wide range of sectors including: information technology, business services, financial services, infrastructure, technology enabled services and consumer. NVP has actively partnered with entrepreneurs to build great businesses for more than 50 years and has funded over 500 companies since inception. For more information visit: www.nvp.com.
About YL Ventures
YL Ventures is a global venture capital firm that was founded to address the changing venture capital financing landscape. The firm invests in high technology start-up companies, with particular focus on the Israeli market. The fund combines its capital with deep engineering and market expertise, thereby facilitating a highly efficient model for technological innovation. For more information, please visit www.YLVentures.com.
- Norwest Venture Partners
Kulesa Faul for Seculert