US-based cybersecurity technology developer CounterTack raised $20m in a series D round yesterday co-led by telecoms firm Singtel’s investment division Singtel Innov8 and security software developer SAP National Security Services.
Unnamed, existing shareholders returned to provide follow-on funding.
CounterTack, originally known as NeuralIQ, has developed a cybersecurity platform aimed at enterprise users that relies on real-time, big data technology to foil attacks, rootkits, malware and persistent threats.
The cash puts CounterTack’s total at approximately $84m. The money will go towards the company’s continued growth and international expansion efforts.
CounterTack previously received $10m in funding from industrial product maker Siemens, defence technology provider ManTech, conglomerate Mitsui and telecoms equipment producer Alcatel-Lucent in November 2016.
That round also included investment bank Goldman Sachs, TenEleven Ventures, Fairhaven Capital, Razor’s Edge Ventures and EDBI, the investment arm of the Singapore-state owned economic development board. Siemens participated through its Siemens Venture Partners unit.
Siemens Venture Partners also supported a $17.9m series C round in 2015 alongside Mitsui, Alcatel-Lucent, Goldman Sachs, TenEleven, Razor’s Edge, Fairhaven, EDBI and OnPoint Technologies.
In 2014, Siemens Venture Capital, Goldman Sachs, Fairhaven, Razor’s Edge and OnPoint had already injected a total of $20m in CounterTack’s series B round.