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Venture capitalCounterTack, developer of an end-point threat detection solution, closes out Series B funding at $15 million

Published 27 February 2014

CounterTack, a developer of real-time endpoint threat detection solutions, has closed out its Series B financing round with an additional $3 million to complete a $15 million raised. With this extension, the Venture Capital unit of Siemens (SFS VC) joins CounterTack investors including Goldman Sachs, Fairhaven Capital, and a group of private financiers to fund an accelerated technology expansion and market delivery of CounterTack’s Sentinel platform.

CounterTack, a developer of real-time endpoint threat detection solutions, the other day announced that it has closed out its Series B financing round with an additional $3 million to complete a $15 million raised.

With this extension, the Venture Capital unit of Siemens (SFS VC) joins CounterTack investors including Goldman Sachs, Fairhaven Capital, and a group of private financiers to fund an accelerated technology expansion and market delivery of CounterTack’s Sentinel platform for real-time endpoint threat detection and response.

“CounterTack is delivering an enormously valuable technology to enterprise and industrial customers in the important endpoint threat detection and response market,” said Ralf Schnell, CEO of SFS VC. “As the threat landscape continues to grow more dangerous, innovation from emerging technology leaders like CounterTack is changing the way organizations think and act about security in the enterprise. We’re thrilled to be part of the dynamic growth CounterTack is experiencing.”

“As this market continues to grow, we’re thrilled at our capability to attract strategic investors like Siemens, who is dedicated to identifying and financing young companies globally, during their start-up phase, providing capital for their expansion,” said Neal Creighton, CEO, CounterTack. “Their portfolio is comprised of visionary technology leaders across many industries to help organizations worldwide solve major business challenges.”

The company says that its Sentinel platform provides security teams with real-time threat detection, context, and visibility into attacker behaviors. This enables CounterTack’s customers rapidly to detect and analyze threats on individual and groups of workstations and server endpoints throughout a customer’s organization, and correlate threats enterprise-wide. Sentinel helps teams to identify attack characteristics and trends better to defend themselves and prioritize their response to the most malicious, damaging threats.

CounterTack notes that its solution is gaining recognition outside the United States as well. SK Infosec, a large South Korean information security providers, is leveraging CounterTack’s Sentinel to counter known and unknown cyberattacks that threaten South Korean organizations.