Modernizing Authentication — What It Takes to Transform Secure Access
AppGuard, a Chantilly, Va. provider of endpoint breach prevention software and subsidiary of Blue Planet-works, closed on a Series B round of funding worth $30 million, the firm announced on Sept. 14.
JTB Corporation, a Japanese travel company, lead the investment round. The infusion of new capital will be used to complete AppGuard's acquisition of KeepTree, a secure video messaging service, the company said. AppGuard also plans to focus its efforts on growing its profile in both the enterprise and small and midsized business (SMB) markets.
Jon Loew, CEO of KeepTree, has been appointed as CEO of AppGuard, Loew will also serve as CMO and board director of Blue Planet-works.
AppGuard uses a resource-sipping dynamic isolation technology that keeps threats from spreading on endpoints without bogging them down. Compared to rival products that can weigh in at 100MB or more, AppGuard comes just short of 1MB in size, according to the company.
"Today's sophisticated security threats have rendered traditional detection-based security software virtually useless and has forced the world to look for revolutionary new endpoint security solutions like AppGuard." said Loew. "AppGuard's dynamic isolation approach to cyber security is the definition of disruptive. There isn’t a large enterprise out there who wouldn’t benefit from our technology."
It's been a busy summer for venture capital firms investing in cybersecurity companies.
In July, Bricata, an intrusion detection and prevention startup announced it had raised $8 Million in a Series A round led by Edison Partners. The company's software uses artificial intelligence (AI) and machine learning technologies to hunt down threats.
On July 11, Mountain View, Calif. cloud security vendor HyTrust, announced it had secured in a $36 million in a Series E financing round. Some of the funds were used to snap up DataGravity, a virtualization security specialist with an expertise in data discovery and classification.
Last month, ZingBox raised $22 million from Dell Technologies Capital and other investors. The company's IoT Guardian software-as-a-service product, available to healthcare organizations at no cost for a limited time, detects and quarantines affected devices and monitors network traffic for PCs that may be spewing attacks.
Also in August, BlueteamGlobal announced it had raised $125 million in new funding. BlueteamGlobal, a merger between BitVoyant, K2G, and K2 Cyber Defense, offers threat intelligent services to large enterprises and a suite of managed security services to SMBs.