SOURCE: CounterTack

CounterTack

October 16, 2013 07:00 ET

CounterTack Closes $12 Million in Series B Funding Round

Fairhaven Capital, Goldman Sachs and Private Investors Fund CounterTack's Rapid Growth and Expansion to Help Organizations Address Persistent Cyber Threats

WALTHAM, MA--(Marketwired - Oct 16, 2013) - CounterTack, the only endpoint security organization delivering real-time, cyber threat detection and forensics to the enterprise, today announced it has closed a $12 million Series B round of funding, supported by Goldman Sachs, Fairhaven Capital and a group of private investors. The funding will help CounterTack to support its accelerated go-to-market strategy and global expansion in the endpoint threat detection and response market.

"We are excited about our series B which includes Goldman Sachs, Fairhaven Capital and our private investors," said Neal Creighton, CEO of CounterTack. "The market has shown tremendous interest in our approach to securing enterprise endpoints and defending against highly targeted and persistent attacks. As a result of our momentum, we are currently oversubscribed, with the potential for CounterTack to receive additional funding in this round."

CounterTack's Sentinel and Scout solutions provide real-time threat detection and visibility into attacker behaviors. This visibility enables CounterTack to rapidly detect and analyze threats on individual endpoints throughout a customer's organization, and correlate threats enterprise-wide, to identify attack characteristics and motives to better defend against them.

"We are seeing an explosive opportunity in the endpoint security market worldwide," said Mark Hatfield, partner at Fairhaven Capital. "CounterTack's innovative approach to detecting and analyzing threats on desktop, laptop and server endpoints positions the company to become the next meaningful security technology to the global enterprise. As the threat landscape has evolved, so has CounterTack, keeping the company and its customers ahead of persistent attackers."

CounterTack continues to gain international attention for its Scout and Sentinel products. In August 2013, the company announced a new partnership with SK Infosec, a large South Korean information security provider. Under the partnership agreement, CounterTack's Sentinel will play a critical role in countering the ongoing cyber attacks that South Korean organizations face everyday. 

About CounterTack
CounterTack is revolutionizing security by bringing real-time attack detection and forensics to the endpoint, rendering traditional endpoint security obsolete with its Scout and Sentinel solutions, shortening the gap between detection and infection for enterprise organizations.

By actively engaging attackers, CounterTack helps organizations dramatically reduce the dwell time of advanced, persistent adversaries and the damage they can cause. Through blazing-fast detection, real-time attack capture and automated intelligence, CounterTack provides unparalleled visibility into malicious behavior, enabling organizations to make smarter decisions on countering known and unknown threats to protect their business.

To learn more, visit www.CounterTack.com.