Network forensics co WireX raises $9.3m

WireX founders

The funding will be used to expand the Israeli-based R&D center and establish headquarters in the US.

Israeli network forensics company WireX announced that it has raised $9.3 million led by Vertex Venture Capital. The financing round also included participation from existing investors Magma Venture Capital, Entrée Capital and a group of serial entrepreneurs Mickey Boodaei, co-founder of Imperva and Trusteer, Rakesh Loonkar, co-founder of Trusteer and Idan Plotnik, founder of Aorato (acquired by Microsoft). Funding will be used to expand the Israeli-based R&D center and establish headquarters in the US.

"WireX talented team is exceptional in its ability to address a big market with innovation that solves a real pain, said Mickey Boodaei, who joined the companys board. WireX has what it takes to become a leading cyber security company. I'm proud to be contributing to this effort.

WireX enables businesses to quickly and effectively resolve cyberattacks, while minimizing the need for expert-level security teams. The companys unique technology translates the enterprises entire network traffic into human-readable intelligence that brings full and instant understanding to network security incidents.

WireX CEO Tomer Saban said, Organizations today are under constant pressure to identify successful attacks and respond quickly to minimize damage. While the ability to detect a suspicious network activity exists, the major challenge is to understand what the alert stands for and how to best respond. The reality is that existing forensics tools are too complicated to operate and require extensive know-how in both networking and security. The WireX platform solves this by automating analysis efforts to enable even entry level teams to resolve security incidents just like top level analysts."

The WireX Network Forensics platform continuously analyses all parts of the enterprise network and creates a comprehensive source of intelligence for security operations. WireX core technology, the Layer 8 Contextual Analysis, picks up where traditional DPI has failed and automatically reveals the entire set of actions performed within each application and its associated contents. When a malicious activity is detected in the network, the big data platform correlates the analyzed data into a complete network story required to handle the incident, thus minimizing exposure time to threats.

WireX is changing the way enterprises investigate security alerts and threats, said Emanuel Timor, General Partner, Vertex Ventures. We are impressed by the vision and achievements of the WireX team. By turning network security investigation to an easy, fast and intuitive task, WireX helps enterprises identify security threats. We believe that this solution will play a major role in the enterprise security ecosystem.

WireX was founded in 2010 by security veterans Tomer Saban, Gilboa Davara and Vadim Lipovetsky to deliver cutting-edge security monitoring systems for intelligence agencies across the globe. WireX has since expanded its product offering into the enterprise security market, tailoring its groundbreaking technology to directly address network forensics.

Published by Globes [online], Israel business news - www.globes-online.com - on July 21, 2015

Copyright of Globes Publisher Itonut (1983) Ltd. 2015

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