[November 13, 2014]

Infocyte Raises $500K for Assessment Platform that Determines If a Network Has Been Hacked

Infocyte, Inc., a San Antonio-based cyber security startup, has secured $500k in additional seed funding to accelerate development of its assessment platform, Pulse (News - Alert). Led by Austin-based LiveOak Venture Partners, the funding will be used to expand Infocyte's development team ahead of their planned 1^st Quarter 2015 product launch.

"The Infocyte team has a storied history and deep domain knowledge gained from their time in national defense," said Venu Shamapant, General Partner, LiveOak Venture Partners. "We are excited to partner with them in their ambitions to bring advanced threat detection to a wider audience."

Pulse is an on-premises appliance that scans all workstations and servers in a network to find indications of compromise, unauthorized activity, and malicious code. The platform is unique in the assessment industry because it doesn't stop at finding vulnerabilities; it goes further by discovering attackes who have actually breached the network. The product allows organizations to audit their networks to find out if any attackers have evaded in-place security measures and discover breaches before they end up in the news or cause untold damage.

With major hacks constantly in the news, enterprises are installing new security monitoring equipment and hardening their networks. But "hardening the front door won't help if you already have an attacker entrenched inside your network," said Chris Gerritz, CEO & co-founder of Infocyte. "This is where an assessment capability that identifies post-intrusion activity comes into play."

Infocyte has been performing assessments on financial institutions with an earlier version of the platform since August. Upon product launch, Infocyte will be licensing the platform to enterprise customers and security service providers.

About LiveOak Venture Partners:

LiveOak Venture Partners is a Texas-based, early-stage venture capital firm that partners with visionary entrepreneurs who use disruptive technologies and business models to challenge the status quo. While many of their investments begin at the seed stage, LiveOak is a full lifecycle investor focused on technology and technology-driven service companies primary based in Texas and the Southwest. For over a decade, the founders of LiveOak have helped entrepreneurs create over $1.5B of enterprise value through investments in industry-leading companies, such as Spatial Wireless (acquired by Alcatel-Lucent), Navini Networks (acquired by Cisco (News - Alert) Systems), LifeSize Technologies (acquired by Logitech) and Mavenir Systems.

About Infocyte, Inc.

Infocyte is a San Antonio-based developer of cyber security solutions designed to identify threats and unauthorized activity on enterprise networks. They have invented the only interactive assessment platform designed to rapidly scan networks for evidence of intrusion without the burden of complicated equipment or endpoint software installations. Infocyte fills a void left by today's malware protection systems by focusing detection on post-intrusion activity of attackers and insider threats. Using their unique approach, Infocyte helps organizations take the initiative in defense of their networks and critical information.

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