Attivo Networks, a US-based cybersecurity technology developer that counts semiconductor supplier Macnica among its investors, secured $21m yesterday in a series C round led by venture capital fund Trident Capital Cybersecurity.
The round also featured investment firm Omidyar Technology Ventures and Bain Capital Ventures, the VC unit run by private equity firm Bain Capital.
Attivo’s ThreatDefend software detects security breaches and threats, using deception technology to form lures and traps intended to get cyber attackers to reveal themselves, before responding in real time.
The series C cash will fund enhancement of the ThreatDefend platform, including the addition of counterintelligence technology, as well as the expansion of Attivo’s international sales capabilities. It has now raised $45.7m in funding altogether, it said.
Macnica contributed to the company’s $15m series B round in May this year through its corporate venturing unit, Macnica Ventures, investing together with the three series C participants. Bain Capital Ventures had led Attivo’s $8m series A round in April 2015.
Tushar Kothari, Attivo Networks’ CEO, said: “Achieving 100% security is not realistic. Organisations must know immediately when their perimeter security controls fail and be able to respond quickly. Attivo Networks deception-based detection efficiently closes this detection deficit.
“It is not enough to understand how an attacker attacks, you must also know how to defend and respond. Attivo engineering has applied its deep expertise based on years of detecting and analysing threats to deliver an accurate and scalable solution for detecting advanced threats within today’s evolving attack surface.”