[November 01, 2016] |
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CounterTack Announces $10M Round of Funding
CounterTack,
the leading provider of behaviorally-based endpoint detection and
response (EDR) technology for the enterprise, today announced that it
raised $10 million in funding from a portfolio of strategic investors.
The funding will be leveraged to support the explosive growth of
CounterTack's EDR platform Sentinel, a market-leading continuous
monitoring and threat response solution, and Digital DNA® (DDNA), the
market's only comprehensive EDR binary analysis engine, containing the
most dynamic IOC trait library, across the Asia-Pacific (APAC) region
and throughout the North American Federal sector.
As the market for EDR continues to heat up, CounterTack is the only EDR
vendor that effectively combines continuous, behaviorally-based
detection and response capabilities with predictive, in-memory binary
analysis for the enterprise. This investment comes on the heels of
several additional company milestones:
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CounterTack experienced nearly 150% year-over-year growth in the APAC
market through strategic reseller partnerships and customer wins with
major regional banks.
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The DDNA product licensing program has accelerated growth within the
cybersecurity industry. DDNA integration has greatly enhanced more
than five major cyber organizations' speed of detection of advanced
threats, providing massive value to the efficacy of detection and helping other platforms predict threat impact with pinpoint accuracy.
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CounterTack bolstered its Federal presence with the appointment of
Matthew Addington, a distinguished industry leader with more than 25
years of Federal sector experience.
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CounterTack received "Strong" ratings across all five categories in
Gartner's (News - Alert) June 2016 Comparison of EDR Technologies and Solutions
Report for Sentinel-only three of the 10 vendors earned these ratings.
"Not only have we made significant traction in the APAC region, but our
partnerships have helped increase our footprint in the financial
services and federal government sectors in North America as well," said
Neal Creighton (News - Alert), CEO CounterTack. "To take full advantage, and deliver on
these exciting opportunities and new customer wins, we are accelerating
hiring in these regions and segments. CounterTack will unveil multiple
new strategic initiatives and alliances over the next six months, as
well as a major new partner to bring more scale to our U.S. Federal
business. We have a great opportunity before us, and we're eager to
capitalize on the market's needs for innovative and customizable
endpoint protection."
"CounterTack offers the next wave of innovation in cybersecurity,
applying advanced behavioral analysis, and rapid detection and response
capabilities to protect large enterprise customers," said Jack Kerrigan,
Managing Director, Razor's Edge Ventures. "We are thrilled to support
CounterTack as it continues to deliver market-leading EDR products to
its rapidly-growing customer base globally, particularly as the company
expands across APAC and within the Federal market."
CounterTack's investors include TenEleven Ventures, Fairhaven Capital,
Goldman Sachs, Razor's Edge, ManTech International, Siemens Venture
Partners, Alcatel-Lucent (News - Alert), EDBI, and Mitsui.
About CounterTack CounterTack is the leading provider of
real-time, Big Data endpoint detection and response (EDR) technology for
the enterprise. CounterTack provides unprecedented visibility and
context around operating system and binary behaviors to detect zero-days
attacks, rootkits, targeted malware and advanced persistent threats,
enabling customers to improve incident response and advanced threat
detection across the enterprise. Over 225+ customers leverage
CounterTack's next-generation endpoint security solutions globally,
across a rapidly growing ecosystem including resellers, MSSP's and
professional services partners.
To learn more, please visit: http://www.countertack.com/.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161101005339/en/
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