Boston-based endpoint security startup, Barkly, announced today that $12 has been closed. Series 5 million Financing round led by New Enterprise Associates (NEA) and including Sigma Prime Ventures Barkly has raised a total of $17 million since the company was co-founded in 2013 by Mike Duffy and Jack Danahy, long-time colleagues, veterans of the information security industry and serial entrepreneurs. The funding will be used to speed up company recruitment, product development and market-based initiatives in the healthcare and financial services industries.
‘We have built Barkly to provide advanced protection to the endpoint systems of thousands of organizations that are unprotected from modern, sophisticated attacks and cannot afford to hire teams of experts to manage complex, expensive solutions,’ said Duffy, co-founder and CEO of Barkly.
Redefining the Expectations for Endpoint Security
Barkly enters the information security market at a time when 62% of successful cyber attacks are in breach of small and medium-sized enterprises. These statistics confirm that the existing endpoint security solutions for these markets do not provide the necessary protections or the simplicity required for universal acceptance and use.
By contrast, IT administrators with little or no security background can easily install Barkly on any number of devices using existing system management tools. Attacks are automatically stopped in real time without the interaction of the administrator, and messages can be sent to end users to inform them of their error. For example, if an employee inadvertently clicks on a malicious link in his/her email that subsequently attempts to install malware on the user’s machine, Barkly will immediately interrupt the installation, notify the IT administrator and inform the user. Notifications are made in real-time and are delivered on both desktop and mobile devices, so that administrators can take action at any time, anywhere.
‘The endpoint is the most common attack entry point in any organization,’ said Danahy, co-founder of Barkly and CTO. ‘In spite of that, security has not evolved to meet the challenge there. Large companies are investing in massive data collection and analysis, while smaller companies are under-protected. We purposefully designed Barkly in such a way that any IT administrator, in any company, could implement advanced security and be confident in the safety and productivity of its workforce, with minimal oversight. This is the beauty of Barkly ”
Breakthrough technology that simplifies enhanced security
Barkly combines a proprietary, high-performance, local protection agent with SaaS-based reporting and management to provide real-time defense against modern malware, including zero-day and polymorphic attacks. Powered by advanced behavioral analytics, the Barkly agent is invisible to both end users and attackers, and unique in its speed and simplicity.
‘We’ve seen countless endpoint security solutions that focus on the Fortune 1000s but are too complicated for most other companies to consume. We’re excited to back Barkly’s leaders as they deliver a new form of endpoint security that’s easy to deploy and manage,” said Harry Weller General Partner at NEA. ‘Both end users and IT administrators want to be protected, but they want to get back to work as well. Barkly lets both of them do-quickly and simply ”
Barkly predicts general availability in Q1 2016. For more information on Barkly or to request a demo, please visit http://www Protecting the bark Come and follow them on Twitter @barklyprotects
About Barkling
Barkly is reinventing security at the endpoint Based in Boston, Barkly identifies and stops advanced, sophisticated attacks on endpoint devices without sacrificing employee performance or productivity. Its speed and simplicity allow IT administrators to efficiently and easily install, monitor, and customize reporting. Barkly was co-founded in 2013 by Mike Duffy and Jack Danahy, long-time colleagues, veterans of the information security industry and serial entrepreneurs, and is supported by New Enterprise Associates (NEA) and Sigma Prime Ventures. For more information on Barkly or to sign up for its early access program, please visit http://www. Protecting the bark Come and follow @barklyprotects on Twitter
Please note that this piece of work originally appeared in English at https://www.vcnewsdaily.com/Barkly/venture-funding.php. As Investocracy aims to bring global startup news and updates in both English and Japanese to you, it’s important that we attribute original source to you. If you have any questions/concerns please write to us at contact@investocracy.co
