Israeli cyber-security startup enSilo has raised a further $9 million as part of its Series A financing round. This brings to $19 million the total amount raised in the financing round and enSilo has raised $21 million to date. The latest investment of $9 million was led by Rembrandt Venture Partners with previous investors Carmel Ventures and Lightspeed Venture Partners participating.
enSilo has developed a real-time data protection platform focusing on preventing data tampering and exfiltration. The company has experienced rapid growth since its founding 18 months ago, with tens of deployments in the US. The new funding will be used to expand sales and marketing, and improve customer experience in support of the rapidly growing demand for the company’s products and services. enSilo’s real-time data protection platform is currently in use by a number of Fortune 100 companies along with leading defense contractors and payment solutions worldwide.
The company was founded by CEO Roy Katmor, CTO Udi Yavo, VP research Tomer Bitton, and VP engineering Ido Kelson.
Katmor said, “Our fundraising success in this challenging market is driven by the recognition of the serious shortcomings of next-generation firewalls and AV products that kill network and computer performance and fail to prevent threat actors from entering in the first place. Other vendors focus on pointing at the potential infiltrator and require OPEX-rich learning periods, complex behavioral analysis or content awareness. enSilo’s platform provides immediate and preemptive prevention against the targeted attack consequences, allowing business as usual - even if they are already inside.”
Rembrandt Ventures general partner Jerry Casilli said, “Finding real solutions to our security problems is about changing our mindset on how we secure data. enSilo delivers a unique and innovative approach that we are excited to support. This is a company that helps businesses protect their vital assets with a platform that is applicable across any industry. Their diverse approach to cyber-security shows the importance of bucking the status-quo and understanding both the threats and market demands."
Published by Globes [online], Israel business news - www.globes-online.com - on February 25, 2016
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