Cyphort Raises $30 Million in Series C Funding
Cyphort, a pioneer of Advanced Threat Defense (ATD) solutions, today announced it has secured $30 million in Series C funding. Sapphire Ventures led the round and was joined by existing investors: Trinity Ventures, Foundation Capital and Matrix Partners. London-based Zouk Capital also joined the round. The latest round of funding will be used to help with the security company’s rapid growth and expansion into new markets. The new funding brings Cyphort’s total investment to more than $53 million since inception.
Over the last 18 months, Cyphort has experienced exponential growth in revenue and customer demand. Cyphort has expanded its customer base of Global 1,000 enterprises and continues to grow into verticals including technology, media, financial, retail, travel and entertainment, to name a few.
“This Series C round is another great milestone for Cyphort as we continue our tremendous growth and traction in the security space,” said Manoj Leelanivas, CEO of Cyphort. “Network security threats are always changing and the IT landscape is constantly evolving. In this new world, where the enterprise perimeter has all but vanished, Cyphort’s distributed software platform provides comprehensive threat visibility, automated containment and unparalleled ease of deployment. This new round of funding solidifies Cyphort’s longevity and continued customer confidence in the solutions our company provides.”
“We are delighted to join this investment round in such an exciting company. Cyphort’s distributed, software-based approach enables energy savings of up to 70-80% compared to existing appliance-based solutions, as well as similar amounts of air conditioning. Furthermore, the software-based approach offers much better scalability and flexibility of deployment, resulting in significantly higher resource efficiency, allowing protection to be provided exactly where and to the extent it is actually required,” said Samer Salty, CEO of Zouk Capital. “Cyphort is an excellent example of a company using technology to create resource efficiency and therefore wholly fulfils Zouk’s investment thesis.“
Cyphort is a next-generation security company founded and led by experienced industry veterans who recognized a need for new solutions in the market to detect, analyze and add contextual intelligence to stop advanced threats. Recently, Cyphort was named “Rookie Security Company of the Year” by SC Magazine, named a SINET 16 Innovator and recognized by Network World as one of the “Must-have security tools” in the enterprise. In April 2015, the company announced it is the first in the industry to combine APT detection with lateral movement.
For more information on Cyphort’s advanced threat defense platform, please visit: http://www.cyphort.com/products/advanced-threat-defense-platform/
About Cyport
Cyphort is an innovative provider of Advanced Threat Protection solutions that deliver a complete defense against current and emerging Advanced Persistent Threats, targeted attacks and zero day vulnerabilities. The Cyphort Platform accurately detects and analyzes next generation malware, providing actionable, contextual intelligence that enables security teams to respond to attacks faster, more effectively, and in as surgical a manner as their attackers. Cyphort’s software-based, distributed architecture offers a cost effective, high performance approach to detecting and protecting an organization’s virtual, physical and cloud infrastructure against sophisticated attacks. Malware detection for Windows, OSX and Linux allows businesses to extract maximum value from IT assets without compromising the security of an organization. Founded by experts in advanced threats from government intelligence agencies and premier network security companies, Cyphort is a privately held company headquartered in Santa Clara, California. For more information, please visit www.cyphort.com and follow us @Cyphort.
