CounterTack Closes Series B Financing at $20 Million with $5 Million in Funding from Razor’s Edge Ventures
Real-Time Endpoint Threat Detection and Response Leader Adds $5 Million from Razor’s Edge Ventures and Other Investors; Joins Investment Syndicate Including Goldman Sachs, Siemens, Fairhaven Capital and OnPoint Technologies
WALTHAM, Mass., June 16, 2014-- CounterTack, a pioneer in delivering real-time endpoint threat detection, context and visibility around targeted attacks, today announced it has added an additional $5 million to extend its Series B financing round for a total raise of $20 million.
This additional investment will help CounterTack continue to scale its business to meet customer and partner demand in the Federal sector, as well as continued Commercial sector penetration. Razor’s Edge Ventures now joins an investment syndicate that includes Goldman Sachs, the Venture Capital unit of Siemens (SFS VC), Fairhaven Capital and OnPoint Technologies, the venture capital arm of the U.S. Army.
“CounterTack’s innovative approach to endpoint threat detection and response helps significantly close the time delta between breach and remediation,” said Mark Spoto, managing director, Razor’s Edge Ventures. “Legacy endpoint solutions are completely ineffective against the current cyber threat landscape such as advanced persistent threats and zero-day exploits. Government organizations and commercial enterprises now suffer constant cyber duress. Intelligence, defense, homeland security and law enforcement organizations are demanding advanced solutions that provide real-time detection and forensic-level analysis and enable them to identify and counter global cyber attacks as they are happening. CounterTack’s Sentinel product meets that need.”
“We’ve succeeded in delivering a truly enterprise-class product to our growing list of customers and partners, and we continue to be oversubscribed in interest from the investment community,” said Neal Creighton, president and CEO, CounterTack. “The endpoint threat detection and response market is all about detecting advanced threats and responding intelligently so that security teams can prioritize incidents – CounterTack represents the new breed of innovation, and is emerging as the leader in this two-company race with Mandiant.”
CounterTack is experiencing unprecedented growth in 2014, driven by rising demand for its enterprise-class endpoint security platform, CounterTack Sentinel. With Sentinel, the company has delivered the most scalable enterprise endpoint security platform on the market. CounterTack was recently named to the list of “Cool Vendors” in the Gartner Cool Vendors for Application and Endpoint Security 2014 report. The company also recently announced its CounterTack CyberPath Partner Program to enable channel, alliance and MSSPs to distribute Sentinel worldwide, and has received two additional patents, totaling six owned, for innovation built into CounterTack Sentinel.
CounterTack's real-time endpoint threat detection and response platform, CounterTack Sentinel, delivers unprecedented visibility and context to enterprise security teams around targeted, persistent threats. CounterTack dramatically reduces the impact of advanced attacks, providing real-time, behavioral-based intelligence on attacker activity upon infiltration, so organizations can defend their business leveraging Sentinel's contextual attack evidence for a rapid, prioritized response.
By combining 'stealthware' technology and Big Data analytics, CounterTack turns the tables on attackers, giving security teams and incident responders an advantage over their adversaries to make better security decisions with real-time, automated, forensic-level analysis. CounterTack is revolutionizing how companies defend their endpoints -- across the enterprise.
To learn more, visit www.countertack.com.
About Razor’s Edge
Razor's Edge is a venture capital fund based in Herndon, Virginia founded by a group of entrepreneurs and executives from the national security industry. Razor’s Edge invests in, and partners with, private technology companies serving the national security market exclusively or in combination with other commercial and government markets. The Fund has a unique understanding of the national security community's strategic priorities, and works tirelessly to identify and deliver disruptive technologies capable of advancing critical mission needs. For more information, visit www.razorsvc.com.
Nina Korfias, 781-684-0770
Tom Bain, 617-500-2780
Venture Capital Database