Israeli cyber threat intelligence company adds strategic new investors with deep security expertise
HERZLIYA, Israel, August 30, 2016 /PRNewswire/
IntSights, a leading intelligence driven security provider for cyber threats from the dark, deep and open web, today announced the completion of a $7.5M Series A funding round. The round was led by Blumberg Capital and included seed investor Glilot Capital Partners as well as Blackstone, Wipro Ventures, the strategic investment arm of Wipro Limited, and additional private investors. This round comes on the heels of IntSights’ seed round in October 2015.
Most enterprise companies have access to endless amounts of cyber threat information, but due to a lack of context and automation they may fail to create a cohesive view and act upon it. Often, a crucial piece of intelligence is left unutilized due to an analyst’s error or is simply lost in a siloed data stream.
IntSights solves this problem by providing automated multi-source extensive intelligence coverage, an analytics engine that prioritizes the vast amount of collected intelligence and the capability to translate the critical pieces of intelligence into immediate actions. The platform user interface is very easy to understand and can be successfully used by a single analyst. IntSights is already delivering its threat intelligence platform to a substantial number of leading global enterprise companies in the retail, telecom, manufacturing and financial sectors all over the world.
Guy Nizan, Alon Arvatz and Gal Ben-David, veterans of elite intelligence and cybersecurity units in the Israeli Defense Forces, founded IntSights. The Series A funding will be used to expand IntSights presence in the United States with a focus on marketing and sales in addition to new strategic hires in both the U.S. and Israel.
“We are proud and excited that new investors and partners are joining IntSights,” said Guy Nizan, chief executive officer, IntSights. “Together we will accelerate the unique value we bring to our customers: an end-to-end solution that allows detection of cyber threats before they get to the corporate network and an automatic security response to the identified threats”
“IntSights provides a powerful solution – by solving for multiple cybersecurity issues, it can fully replace numerous other tools with one robust platform,” said Jay Leek, a managing director and chief information security officer at Blackstone. “The deep visibility of data it provides inside the dark web allows us to monitor for potential attacks before they happen. The IntSights solution allows us to correlate and sequence data, enabling us to connect the dots and see individual events with full context.”
“The dark web holds many cyber security risks including stolen assets and launch pads for hacker conspiracies,” said David Blumberg, founder and managing partner, Blumberg Capital. “IntSights is uniquely positioned to protect companies with the ease of the setup of the platform, the broad coverage and the capabilities to translate intelligence to actions and preempt threats. We’ve already seen amazing customer traction and believe this is just the beginning of IntSights’ continued growth and success.”
The IntSights board of directors will include two of the company’s founders, Guy Nizan and Alon Arvatz with their existing investors, Kobi Samboursky and Arik Kleinstein of Glilot Capital Partners, as well as Jay Leek of Blackstone and David Blumberg of Blumberg Capital.