CounterTack Closes Out $20 Million Series B Financing Round; Adds Alcatel-Lucent
Alcatel-Lucent Joins Goldman Sachs, Siemens, Fairhaven Capital, Razor’s Edge and OnPoint Technologies as Strategic Investors
WALTHAM, Mass., July 24, 2014-- CounterTack, a pioneer in delivering real-time endpoint threat detection, context and visibility around targeted attacks, today announced it has received additional funding to close its Series B financing round from Alcatel-Lucent (Euronext Paris and NYSE: ALU).
Alcatel-Lucent joins CounterTack’s Series B investment syndicate, which includes leading organizations in both the Commercial and Federal sectors, including Goldman Sachs, the Venture Capital unit of Siemens (SFS VC), Fairhaven Capital, Razor’s Edge and OnPoint Technologies, the venture capital arm of the U.S. Army.
“As we rapidly expand IP networks to connect more users and devices at ultra-broadband speeds and automate cloud networking, we see the potential to enhance protection of our customers from advanced cyber security threats,” said Basil Alwan, president of IP Routing and Transport, Alcatel-Lucent. “We believe CounterTack’s innovative endpoint behavior analysis solution will enable our customers to effectively counter these stealthy, advanced threats within their own infrastructure and for their managed service customers. We’ve therefore made this equity investment based on CounterTack’s truly innovative approach which gives organizations real-time detection and forensic-level analysis unmatched in the industry.”
“This additional funding from Alcatel-Lucent confirms CounterTack’s attractiveness not only to the investment community, but also to our growing list of customers and partners,” said Neal Creighton, president and CEO, CounterTack. “CounterTack is at the forefront of the endpoint threat detection and response market, providing a solution that intelligently detects advanced threats, notifying security teams of nefarious activity – our customers can rest assured that with CounterTack Sentinel, endpoints across their entire environment will be protected.”
CounterTack delivers a truly scalable security platform to the market through CounterTack Sentinel. Sentinel puts the enterprise, cloud and service provider customers back in control of protecting their endpoints in today’s threat environment. 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.
Nina Korfias, 1 781-684-6543
Tom Bain, 1 617-500-2780
Venture Capital Database