Israel-based cybersecurity startup IntSights secured $15m yesterday in a series B round featuring IT services provider Wipro that was closed just five months after its $7.5m series A round.
Venture capital firms Blumberg Capital and Vintage Investment Partners, VC fund Glilot Capital Partners and asset manager Blackstone also participated in the round together with undisclosed additional strategic investors.
IntSights has built a threat intelligence platform that uses an analytics engine to sift through cyber threat reports and prioritise data by importance, converting the most crucial information into immediate actions.
The company, whose strategic partners include Wipro, intends to spend the bulk of the series B capital on boosting its engineering, sales and marketing teams as it looks to grow its presence in the US.
Wipro’s corporate venturing unit, Wipro Ventures, invested $1.5m in IntSights as part of the September 2016 series A round, which was led by Blumberg Capital and backed by Glilot Capital Partners, Blackstone and undisclosed angel investors.
Guy Nizan, CEO of IntSights, said: “The IntSights team is composed of extremely intelligent and devoted employees, who have worked tirelessly to achieve our product development and sales goals. I am proud that new strategic security investors are joining IntSights and will support us in our journey.”
– Image courtesy of Glilot Capital Partners