US-based cybersecurity technology developer TrapX has boosted a series B round featuring chipmaker Intel and media group Liberty Media to $14m after securing $5m from investment fund Strategic Cyber Ventures.
TrapX’s DeceptionGrid detects camouflaged malware and other malicious cyber activity TrapX claims goes unseen by other cybersecurity software. The company said this week it tripled its bookings year on year in 2015.
Intel Capital, Liberty Israel Venture Fund, BRM Group and Opus Capital supplied the round’s initial $9m in July 2015. TrapX had previously raised $5m in series A funding from BRM, Opus and co-founders Yuval Malachi and Moshe Ben-Simon in January 2014.