Israel cybersecurity company Hunters today announced that it has raised $15 million in Series A financing round from investors including Microsoft’s venture fund M12, U.S. Venture Partners, and with the participation of seed investors YL Ventures and Blumberg Capital, and Okta Ventures. This brings the company's total funding to $20.4 million.
The funds will be used to scale the startup's autonomous threat hunting solution to defend enterprises from intruders and missed attacks across cloud, network, endpoint and more. Hunters will also deepen its machine-learning R&D and enable customers to extend threat detection with best-of-breed security components.
The company was founded in 2018 by CEO Uri May, CTO Tomer Kazaz and according to IVC Ehud Schneorson, Yodfat Harel Buchris and Idan Nurick. The company has not disclosed its revenue but says that it has shipped its SaaS-based autonomous threat hunting product to customers that include Snowflake and TripActions, via direct sales and through partner channels like the CrowdStrike Store, and Snowflake Partner Connect. The company has 30 employees, most of whom are in its offices in Tel Aviv.
The company’s platform addresses the problem of missed attacks by autonomously detecting attack techniques and correlating them across a multitude of surfaces.
M12 general manager and managing director EMEA said, "To overcome today’s cyber threat landscape, enterprise CISOs need to think like attackers in order to anticipate their moves, and they need to do it at scale. By automating the threat hunting process, Hunters addresses both needs. Hunters has an exceptionally strong team with an intimate understanding of attacker techniques, which is critical in this business."
Uri May added, "The Series A investment validates the tremendous progress we’ve made on the technical front with ML and threat research, and commercially with cybersecurity ecosystem partners."
Published by Globes, Israel business news - en.globes.co.il - on June 30, 2020
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