Establishing Digital Trust: Don't Sacrifice Security for Convenience
Seattle-based Versive, a threat detection technology vendor, announced this week that it had raised $12.7 million in a round of funding that attracted investments from Goldman Sachs, Formation 8, Madrona Venture Group and Vulcan Capital. To date, the company has hauled in $54.7 million.
The firm's product, Versive Security Engine, employs artificial intelligence (AI) technologies to hone in on critical threats to networks and the data contained within them. CEO Joseph Polverari described the product as "an intelligent, automated threat-hunting solution, built on Versive's award-winning, enterprise-scale artificial intelligence platform," in a May 11 blog post.
"The Versive Security Engine was developed specifically to help cybersecurity practitioners effectively harness the power of AI to detect, identify, and mitigate advanced adversaries in ways not previously possible," continued Polverari.
Earlier this month, the company announced a strategic partnership with big data and machine learning specialist Cloudera.https://o1.qnsr.com/log/p.gif?;n=203;c=204650394;s=9477;x=7936;f=201801171506010;u=j;z=TIMESTAMP;a=20392931;e=i
The companies plan to combine Versive's AI technology and Cloudera's analytics and machine learning capabilities to create an automated adversary detection solution, the companies said on Aug. 8. "Using the Cloudera platform, Apache Spot’s open-data models, and the Versive Security Engine, enterprises can detect attackers that would be unseen with other approaches," said Sam Heywood, director of Cloudera Cybersecurity Strategy, in a statement.
AI and cybersecurity is becoming an irresistible combination for the venture capital community.
Last month, Bricata raised $8 million in a Series A round of financing. The startup uses AI and machine learning technologies in its intrusion detection and prevention solution and its content-aware alerting features that enable IT security teams to quickly gauge the threats it encounters, thereby allowing them to focus their efforts more effectively.
Also in July, Darktrace revealed it had raised $75 million in a Series D round of funding led by Insight Venture Partners. Based in the U.K. with offices in San Francisco, the company's Enterprise Immune System uses machine learning algorithms to uncover suspicious behaviors and other signs of network attacks in real-time.
In June, while taking the wraps off its AI-enabled risk-detection solution, San Jose, Calif.-based Balbix announced it had attracted $8.6 million in investments from venture capital firm Mayfield. The firm is headed by CEO Gaurav Banga, former chief executive of virtualization security specialist Bromium. The Balbix platform provides predictive risk analytics, showing results as a heatmap that points IT security teams to areas that may need shoring up.