US-based cybersecurity technology developer Intezer has completed a $15m series B round featuring Intel Capital and Samsung Next, corporate venturing subsidiaries of semiconductor technology manufacturer Intel and electronics producer Samsung.
Venture capital firm OpenView Venture Partners led the round, which also featured another VC firm, Magma VC, in addition to an affiliate of financial services provider USAA, and Intezer’s founding investor and chairman, Alon Cohen.
Founded in 2015, Intezer has created software that uses a process called genetic malware analysis to locate and identify cyber threats by discovering where they have originated. It plans to use the funding to move into the wider cybersecurity market while increasing sales.
Alon Cohen said: “Intezer has established itself as the global market leader in genetic malware analysis. While genetic malware analysis is a relatively new category, we have seen more vendors incorporating this approach into their cybersecurity solutions.
“This new financing round will enable Intezer to strengthen its market leadership and product offerings to accelerate the global market adoption of genetic malware analysis.”
Samsung Next led Intezer’s $2m seed round in 2016, participating together with Alon Cohen and assorted angel investors. It added $8m in a 2017 series A round led by Intel Capital and backed by Samsung Next and Magma VC.
