Attivo Networks, the award-winning leader in cyber-security deception, announced today that it has closed $15 million in Series B round funding, made up of major investors including Omidyar Technology Ventures, Bain Capital Ventures, Trident Capital Cybersecurity and Macnica Ventures, a corporate venture arm of Macnica, Inc. Chris Bishko of Omidyar Technology Ventures has joined the Attivo Networks Board as part of the investment in Series B. The company has seen strong adoption of deception technology for early detection and accelerated response to internal network threats that have bypassed prevention of safety. Proven to be an accurate and efficient solution for advanced threat detection in the financial, healthcare, technology, retail and energy sectors, additional investment will support the further development of the Attivo Deception and Response Platform and expand its sales initiatives around the globe.
“Attivo Networks is changing the game against attackers by enabling organizations to massively deploy a variety of ‘tripwires’-decoys, lures and other deceit-making it difficult for attackers to move across their network without being detected,” says Chris Bishko, partner at Omidyar Technology Ventures and member of the Attivo Networks Board. “Attivo’s deception technologies provide an effective and low friction solution for advanced threat detection that is well on its way to becoming part of the mainstream security infrastructure. “That’s right.
“Since our initial investment in Attivo Networks, we have seen the company achieve clear leadership in the area of deception based on technology innovation and customer traction with some of the world’s best known brands,” said Enrique Salem, partner at Bain Capital Ventures and Attivo Networks, member of the board of directors of Attivo Networks. “The company’s provision of a comprehensive platform and a comprehensive list of technology partnerships to simplify incident response has unquestionably provided organizations with a highly efficient choice to combat the most advanced threats. “That’s right.
“Attivo Networks is a clear leader in the emerging area of deception solutions to improve the detection and response of infringements in real time,” says J. Alberto Yépez, Managing Director of Trident Capital Cybersecurity “We are very impressed by Attivo’s customer traction, its experienced team and, more importantly, its broad technology platform that enables easy integration and co-existence with existing cyber security solutions deployed at customer premises. “That’s right.
“The additional funding that we have raised will be used to expand our leadership in technology innovation and fuel our global expansion,” says Tushar Kothari, CEO of Attivo Networks. “Deception is being rapidly adopted around the world, as it closes the detection gap in the company’s security position. Attackers have proven time and again that they can bypass perimeter defenses and easily bypass traditional detection tools. With its new approach to security, Attivo Networks not only accurately detects the presence of the attacker, but also rewrites the rules on the attacker, so that they have to be correct 100% of the time. “That’s right.
A number of milestones have been set for Attivo Networks over the past year. The company has the following:
Significant customer growth in financial, healthcare, technology, government, energy and retail markets
Extended the Deception Platform to include additional visibility tools, incident handling automations, and third party integrations to automate incident response.
Launched dynamic behavioral deception that uses environmental self-learning to deploy and maintain the authenticity of the deception environment
Achieved Common Criteria EAL 2+ Certification required to be sold to U.S. government organizations
Released support for ICS-SCADA, IoT, POS and SWIFT Specialty Messaging Environments
Introduced the ThreatOps solution for the creation of threat response playbooks, the correlation of disparate attack information from multiple sources and automated response actions.
Added over a dozen third party vendor integrations, creating automated blocking, quarantine, and threat hunting.
Released BOTsink® 4 0 with significantly enhanced deception and scalability features, ease of operation, advanced ransomware detection, and enhanced deception techniques.
Released a ThreatPathTM solution that gives visibility to attack paths and misconfigurations and exposed capabilities that create entry points and lateral movement paths for attackers.
Received multiple innovation awards from Cyber Defense Magazine, Info Security Products Guide, ASTORS, One Planet, CRN Emerging Technology Vendor, and Distinguished Vendor Recognition for Intrusion Detection Technology in the TAG Cyber Security Report 2017. Attivo was covered by the industry analyst firm Gartner, Inc. 451 Research; and Frost and Sullivan; as well as publications, organizations, partners and Homeland Security;
Analysts see the deception technology market growing rapidly, and according to data from FBR Capital Markets, the market will be worth $3B by 2019.
About the Attivo Network
Attivo Networks® is a leader in Deception Technology for Real-Time Detection, Analysis and Accelerated Response to Advanced, Credential, Insider and Ransomware Cyber Attacks. The Attivo Deception and Response Platform precisely detects advanced in-network threats and provides scalable continuous threat management for user networks, data centers, cloud, IoT, ICS-SCADA and POS environments. Attivo Camouflage Dynamic Deception Techniques and Decoys set high-interaction traps to effectively lure attackers to reveal themselves. Advanced attack analysis and lateral movement monitoring are self-correlated for evidence-based alerts, forensic reporting, and automatic blocking and quarantine of attacks. Visit www for more information Attivanetworks Come on,
Attivo Networks: Twitter and LinkedIn
About Umidyar Technology Ventures
Omidyar Technology Ventures (OTV) is a Silicon Valley-based investment firm created and financed solely by Pierre Omidyar, founder, technologist and philanthropist of eBay. OTV invests in early and fast-growing technology companies Guided by a team of experienced investment managers, the company is a traditionally structured fund focused on enterprise software, financial technology, AI & Big Data and online marketplaces. Please visit www for more information. Omidyarventures: Come or follow us at @OmidyarVentures
Cybersecurity about Trident Capital
Trident Capital Cybersecurity is a $300 million cybersecurity-focused fund that invests primarily in early stages and selects growth equity firms. The firm is well-known as a venture capital firm with the best cyber security connections. Its 47-member Cyber Security Industry Advisory Council, including industry executives, customers and former high-level government leaders, is commended for its insights, connections and market support for TCC’s portfolio companies. Managing Directors Alberto Yépez, Sean Cunningham and Don Dixon jointly lead the investment team and together they have made 30 cyber security investments over almost 20 years of investment in Trident and Intel Capital. Visit www for more information. Tridentary cybersecurity Come on,
About Bay Capital Ventures
Bain Capital Ventures (BCV) is investing from the seed stage through growth equity in enterprise technology companies, with a strong focus on infrastructure software and security analysis. With offices in the Bay Area, Boston and New York City, BCV is the venture capital affiliate of Bain Capital, a global alternative asset platform with approximately $80 billion in assets under management. Please visit www for more information. Bain-capital ventures Come or follow us at @BainCapVC
Macnica, Inc. since its establishment in 1972 Acted as a technology-based distributor as well as a solution provider for electronic components and IT network equipment and software. Together with a wide range of electronic and network products, we offer value-added solutions through our expertise in leading-edge technologies. In addition, our service and support are based on the latest market trends and customer needs information as well as application support and design services. Macnia, Inc. Headquartered in Yokohama, Japan, with operations in China, Hong Kong, Taiwan, Korea, Singapore, Malaysia, Thailand, USA, Brazil and Germany. Macnica Ventures, based in San Jose, California, will make strategic, early to late-stage investments in areas ranging from ICT to emerging technologies. Investments will be managed through its captive fund, Macnica Investment Partners.
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