Israeli cyber security company Intsights has completed a $7.5 million Series A financing round. The round was led by Blumberg Capital and included seed investor Glilot Capital Partners as well as Blackstone, Wipro Ventures, the strategic investment arm of Wipro Limited, and additional private investors. Earlier this month Indian software company Wipro reported that it had invested $1.5 million in Intsights.
Based in Herzliya, the company was founded by CEO Guy Nizan, Alon Arvatz and Gal Ben-David, veterans of elite intelligence and cybersecurity units in the Israeli Defense Forces. The Series A funding will be used to expand IntSights presence in the US with a focus on marketing and sales in addition to new strategic hires in both the US and Israel.
IntSights provides automated multi-source extensive intelligence coverage, an analytics engine that prioritizes the vast amount of collected intelligence and the capability to translate the critical pieces of intelligence into immediate actions. The platform user interface is very easy to understand and can be successfully used by a single analyst. IntSights is already delivering its threat intelligence platform to a substantial number of leading global enterprise companies in the retail, telecom, manufacturing and financial sectors all over the world.
Nizan said "We are proud and excited that new investors and partners are joining IntSights. Together we will accelerate the unique value we bring to our customers: an end-to-end solution that allows detection of cyber threats before they get to the corporate network and an automatic security response to the identified threats"
"IntSights provides a powerful solution - by solving for multiple cybersecurity issues, it can fully replace numerous other tools with one robust platform," said Jay Leek, a managing director and chief information security officer at Blackstone. "The deep visibility of data it provides inside the dark web allows us to monitor for potential attacks before they happen. The IntSights solution allows us to correlate and sequence data, enabling us to connect the dots and see individual events with full context."
"The dark web holds many cyber security risks including stolen assets and launch pads for hacker conspiracies," said David Blumberg, founder and managing partner, Blumberg Capital. "IntSights is uniquely positioned to protect companies with the ease of the setup of the platform, the broad coverage and the capabilities to translate intelligence to actions and preempt threats. We've already seen amazing customer traction and believe this is just the beginning of IntSights' continued growth and success."
Published by Globes [online], Israel business news - www.globes-online.com - on August 31, 2016
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