IntSights Raises $15M Series B Round
February 13th, 2017
HERZLIYA, Israel, February 13, 2017 /PRNewswire/ --
IntSights, a Herzliya, Israel-based company with sales and marketing headquartered in the US, and a leading intelligence-driven security provider for cyber threats from the dark, deep and open web, announced today the completion of a $15M Series B round. This round comes only four months after IntSights' Series A round. The Series B round included investments by Glilot Capital Partners, Blackstone, Blumberg Capital, Wipro, Vintage Investment Partners, and other strategic investors.
Cyber security analysts are continuously receiving new cyber threat information, but due to the lack of organization, context and automation in the data, they often fail to act on it effectively. In an effort to curb the possibility of human error or loss of data when interpreting threat reports, IntSight's platform provides multi-source, extensive intelligence coverage, an analytics engine that prioritizes the vast amount of collected intelligence, and the capability to translate the critical pieces of intelligence into immediate actions. The comprehensive report is presented on a user-friendly platform that can be easily understood and acted upon by a single analyst.
IntSights is already providing its threat intelligence platform to a substantial number of global leading customers in the retail, telecom, manufacturing and financial sectors. They currently have dozens of enterprise customers all over the world, mainly in the United States and Europe. The company has formed strategic partnerships with Optiv, the largest dedicated information security solution provider in the US; Check Point, an Israeli information security software company; Wipro, an India-based IT services provider; and UST Global Cyberproof, a multinational provider of IT services and solutions.
״IntSights is the first vendor to provide a centralized source of threat intelligence solutions -- data collection, analytics, and a platform to aggregate feeds and integrate them with the customer security products," said IntSights board member Jay Leek, a Managing Director at ClearSky and former CISO of Blackstone.
"We are delighted to announce our Series B round," said Guy Nizan, IntSights' CEO. "The IntSights team is composed of extremely intelligent and devoted employees, who have worked tirelessly to achieve our product development and sales goals. I'm proud that new strategic security investors are joining IntSights, and will support us in our journey.
IntSights was founded by Guy Nizan, Alon Arvatz and Gal Ben-David, all of whom are veterans of elite intelligence and cybersecurity units in the Israeli Defense Forces.
This round's funding will be used by IntSights to expand their presence in the United States. The majority of the investment will go towards marketing, sales and engineering, where they plan to hire new team members both in the US and Israel.
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