Cyber-security start-up enSilo has raised $10 million in Series A financing. The round was led by Lightspeed Ventures Venture Partners with additional investment from existing backer Carmel Ventures. Founded in 2014, enSilo emerged from stealth mode in March 2015. The new investment will be used to expand the company’s global operations, in particular in the North America market, and to open US offices on the West Coast.
Given the ever-increasing scope and tenacity of targeted cyber-attacks on businesses, organizations and governments, enSilo diverges from the widely-accepted notion that external threat actors can be prevented from infiltrating networks. The company instead assumes that organizations have already been compromised and focuses on preventing the exfiltration of critical data - precisely the most critical and costly aspect of cyber-attacks. With enSilo’s offering against targeted attacks, employees are still able to continue working, even when the system is infected.
enSilo co-founder and CEO Roy Katmor said, “In the same way chronically-ill patients are provided treatment to increase quality of life and longevity, organizations must assume that they are working with a persistently compromised network and learn how to maintain business-as-usual despite the contaminated environment. Time and time again organizations’ networks are infiltrated. We seek to shift the model from trying to block inbound threats to concretely stopping threat actors already on the inside from inflicting damage and stealing valuable data.”
When enSilo’s solution detects a data exfiltration attempt, it sends a single alert to the customer notifying them of the situation and blocks malicious outbound communications. By generating only one alert per active threat, enSilo eliminates the paralyzing scourge of alarms faced by information-security teams.
Published by Globes [online], Israel business news - www.globes-online.com - on June 16, 2015
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