US-based cybersecurity technology developer Solebit Labs has closed an $11m series A round featuring MassMutual Ventures, the strategic investment arm of insurance provider Massachusetts Mutual Life Insurance Company.
ClearSky Security, a fund operated by venture capital and growth equity firm ClearSky, led the round, which included Glilot Capital Partners, the venture capital fund that had equipped Solebit with $2m in seed capital in 2015.
Founded in Israel in 2014, Solebit has developed a software platform called SoleGate Security Platform that scans files for malicious code strings regardless of obstacles such as encryption without separating and isolating individual programs – a process known as sandboxing.
The capital will help drive the roll out of the platform, as Solebit prepares to expand sales and marketing at a new head office in Silicon Valley. The company’s technology is powered by a proprietary engine called DvC, and the first SoleGate product, SoleGate Email Protector, debuted in January 2016.
Solebit CEO Boris Vaynberg said: “Attackers still possess the edge, particularly in zero-day attacks, despite considerable security investment. DvC assumes that there is no legitimate reason for executable code to be present in any data file.
“DvC also accurately identifies and blocks malicious active content using advanced flow analysis, deobfuscation techniques and deep content evaluation, to reveal threat intent within any data file covering machine, operating system and application levels, thereby rendering such sandbox-evading malware harmless to the enterprise.”