San Francisco, CA (PRWEB) October 28, 2013
Cyphort, Inc. (http://www.cyphort.com), an advanced threat monitoring and mitigation platform, today announced that it closed in $15.5 million Series B funding. The oversubscribed round was led by Trinity Ventures with participation from existing investors; Foundation Capital and Matrix Capital. Fred Wang, General Partner of Trinity Ventures, will join Cyphort's Board of Directors. The latest round of funds will be used to accelerate delivery. Additionally, the company announced the hire of Shishir Singh, former VP of Network Security Engineering from McAfee as Cyphort’s VP of engineering. The appointment is part of Cyphort’s strategy to aggressively expand sales, marketing and engineering to meet increasing demand from enterprise customers for advanced persistent threats (APTs) protection.
“Trinity Ventures is the ideal partner to join our current investors, and Fred’s knowledge of the enterprise space and strategic guidance will help us scale all facets of our business to transform the way enterprises protect their systems,” said Cyphort CEO, Manoj Leelanivas. "Enterprises are under constant attack from malicious software, compromising the security of sensitive information and exposing the company, its employees, and its customers to unprecedented levels of fraudulent losses. Signature and heuristic-based detection have proven unsuccessful in keeping pace with the complexity of advanced modern attacks. Cyphort’s approach is much more comprehensive and accurate in defending against these attacks."
As the industry’s first and only advanced threat solution to combine best-in-class multi-OS threat detection, actionable threat intelligence, and dis
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