SOURCE: Seculert

Seculert

July 08, 2013 08:00 ET

Seculert Partners With Sequoia Capital, Raises $10M in Series B Financing

PETACH-TIKVA, ISRAEL--(Marketwired - Jul 8, 2013) - Seculert (www.seculert.com), the cloud-based advanced threat protection company, announced today the closing of a $10 million Series B funding partnership with Sequoia Capital with participation from existing investor, Norwest Venture Partners (NVP). Gili Raanan, partner at Sequoia Capital, has joined Seculert's Board of Directors along with existing investor Dror Nahumi of NVP, founding investor Yoav Andrew Leitersdorf of YL Ventures and industry veteran Benny Schnaider.

Seculert's service effectively combats advanced malware and Advanced Persistent Threats (APTs) by leveraging the cloud, crowdsourcing and Big Data analytics to identify and block attacks at the speed at which they develop.

"We use our automated malware expertise in conjunction with our cloud-based advanced threat protection platform to transform companies' existing security devices into comprehensive APT solutions," said Dudi Matot, co-founder and CEO of Seculert. "Our solution has already proven to be successful with Fortune 500 companies as well as global financial service providers, telecom companies, and multinational oil and gas companies."

"The risks organizations are facing from new types of security threats is on a sharp rise," said Gili Raanan of Sequoia Capital. "Seculert sets itself apart from the other cyber security companies by providing organizations the simplest, off-campus malware protection solution in the cloud that can also work with existing security devices to protect the organization. We are thrilled to partner with Dudi, Aviv, Alex and their exceptional team who has experienced significant uptake by the market."

"We are very pleased to partner with a world-class organization such as Sequoia Capital," said Dudi Matot, Seculert CEO. "Partnering with NVP and Sequoia Capital will enable us to accelerate our strong growth and build a leading cyber security company."

About Seculert
Seculert is the first cloud-based solution that provides immediate protection from advanced malware and APTs. From the moment of activation, Seculert identifies existing infections, and continues to detect unknown malware both inside and outside your internal network -- including remote sites, employees and even personal mobile devices. Using patented Botnet Interception, Elastic Sandbox technology and Big Data analytics, Seculert fully leverages the power of the cloud to combat today's advanced threats. It enables organizations to simply and cost-effectively transform their existing security defenses into a complete solution for detecting, stopping and remediating malware attacks.

Seculert was founded in 2011 by security industry veterans Dudi Matot, Seculert CEO, Aviv Raff CTO, and Alex Milstein the company's COO. The company's R&D is in Israel with sales offices located in Europe and the United States. www.seculert.com

About Sequoia Capital
Sequoia Capital helps founders turn imaginative ideas into enduring companies. As the "Entrepreneurs Behind the Entrepreneurs," the Sequoia team has worked closely with legendary founders such as Steve Jobs of Apple, Larry Ellison of Oracle, Len Bosack and Sandy Lerner of Cisco, David Filo and Jerry Yang of Yahoo!, Max Levchin, Elon Musk and Peter Thiel of PayPal, Sergey Brin and Larry Page of Google, Steve Chen and Chad Hurley of YouTube, and Reid Hoffman and Jeff Weiner of LinkedIn. Sequoia is now helping the next generation of innovators build the lasting companies of tomorrow. www.sequoiacap.com

Interviews available upon request.

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