Cybersecurity startup Attivo Networks announced on Oct. 11 that it has raised a new $21 million Series C round of funding.
The new funding round was led by Trident Capital Cybersecurity and included the participation of Bain Capital Ventures and Omidyar Technology Ventures. Attivo was founded in 2011, with total funding to date standing at $45.7 million.
Attivo's core technology is the company's ThreatDefend Deception and Response Platform. Deception technology aims to trick attackers into thinking they are attacking real production services when in fact they are actually attacking decoys.
"Deception puts attackers on the defensive, making them work harder and increasing their costs," Alberto Yépez, a managing director of Trident Capital Cybersecurity, stated. "High accuracy addresses the issue of too many alarms being reported by existing solutions and incident response is improved with the capture of specific techniques and tools being used by the attacker."
The market for cybersecurity deception technologies is an increasingly crowded space, with multiple vendors competing with Attivo, including TrapX, Illusive and Acalvio. Those competitors have been rapidly updating their respective technologies in recent months.
Acalvio updated its ShadowPlex deception platform in April and provides what it calls "deception farms" in an attempt to lure attacks. Acalvio has raised approximately $33 million in funding to fuel its business. TrapX updated its Deception Grid platform in February and has had an active focus on the medical industry. Illusive Networks updated its platform with new email data deceptions in June.
Attivo's most recent platform update also occurred in June with the formal release of the ThreatDefend platform. The platform includes Attivo's ThreatStrike endpoint suite as well as BOTsink engagement servers to attract and entrap potential attackers.
"It is not enough to understand how an attacker attacks, you must also know how to defend and respond," Tushar Kothari, CEO of Attivo Networks, stated. "Attivo engineering has applied its deep expertise based on years of detecting and analyzing threats to deliver an accurate and scalable solution for detecting advanced threats within today’s evolving attack surface."
Sean Michael Kerner is a senior editor at eSecurityPlanet and InternetNews.com. Follow him on Twitter @TechJournalist.