Security Firm Seculert Gets $5.35 Million
The company will use the funding to open a U.S. office and to grow its sales and product development teams.
Israeli security software company Seculert this week announced that it has closed a $5.35 million round of venture financing led by Norwest Venture Partners (NVP), along with existing investor YL Ventures.
"Seculert offers companies a way to quickly and easily scan for malware on any connected platform their employees, both local and remote, officially supported by their IT department or not, might be using," writes BetaKit's Darrell Etherington. "They do this without requiring that any software be installed, via a cloud-based malware detection tool that scans IP addresses and domain names filed for monitoring by its clients."
"Seculert will use the funding to open an office in the Bay Area and add more people to develop its technology," writes TechCrunch's Alex Williams. "The company received a seed round in 2010 for an undisclosed amount."
NVP partner Dror Nahumi has also joined Seculert's board of directors. "Nahumi said his company was immediately impressed with Seculert's technology and how quickly its products have been adopted by firms in the Fortune 500," writes Cloud Pro's Jane McCallion. "'The company's cloud-based technology has the potential to become ubiquitous among corporate networks because it doesn't require any hardware or software installation and works alongside existing malware solution providers,' he said."
"This round of funding not only enables us to expand our product and sales groups, but gives us access to a set of highly experienced investors," Seculert CEO Dudi Matot said in a statement. "Both firms have a clear understanding of cloud technology, security and big data trends which will be tremendously helpful as we expand our product lines. Seculert has the ability to be the most ubiquitous cyber security prevention tool, and with NVP and YL Ventures' guidance combined with our team's expertise, we're confident in our ability to fight cyber attacks in this new and cost effective manner."
"The company was founded in 2010 by Matot, CTO [Aviv] Raff and COO Alex Milstein and has 15 employees," Globes reports.