Cyber security company Preempt Security has closed $8 million in Series A funding. General Catalyst Partners led the round with participation from well-known security leaders and innovators, including Mickey Boodaei and Rakesh Loonkar, the founders of Trusteer, and Paul Sagan, the former CEO of Akamai Technologies. The financing will be used to expand marketing and sales efforts, and accelerate product development.
With offices in San Francisco and Ramat Gan, Preempt Security was founded in 2014 by global security and networking experts. The team has deep roots in security with a large component of the team from Unit 8200, the elite intelligence unit of the Israel Defense Forces.
Preempt founder and CEO Ajit Sancheti said, "User behavior analysis is a starting point, not a destination. Effective security for enterprises requires eliminating threats, in addition to effective detection. Not only do we have the technical know-how to deliver a disruptive, industry-first product, we have the right team in place to propel us forward, challenging the status quo and enabling us to combat today's most advanced security threats."
Published by Globes [online], Israel business news - www.globes-online.com - on April 25, 2016
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