Startup Raises $13.7M to Stop Breaches with Behavioral Analytics

  /     /     /  
Publicated : 23/11/2024   Category : security


Startup Raises $13.7M to Stop Breaches with Behavioral Analytics


TrueFort plans to use the funding to expand sales, marketing, R&D, customer support, and go-to-market initiatives.



TrueFort, an application behavior security analytics company, has raised $13.7 million in Series A funding, which will be used to expand its business of protecting organizations from breaches.
Former bank technology executives developed TrueForts behavioral analytics technology, which it calls a last line of defense against threats to core business applications. Its system, based on transaction processing architectures in financial services, monitors baseline application behavior and end-to-end interdependencies to spot malicious activity as it happens.
The idea is to provide greater visibility in core enterprise applications, which are often a blind spot from a security and regulatory reporting standpoint — and a pain point for CIOs and CISOs. TrueFort aims to up breach defenses by protecting the apps that execute business processes.
Until now, organizations had no way to map, understand and monitor the dependencies and behavior of their business applications, which explains why so many security breaches go undetected for so long, said Nazario Parsacala, TrueForts CTO, in a statement. The goal is to automatically block activity outside the predefined operating parameters for each application.
This funding round was led by Evolution Equity Partners with participation from Lytical Ventures and Emerald Development Managers. As part of the round, Evolution partner Karthik Subramanian will join TrueForts board of directors, the company says. It plans to use its funding to add to sales, marketing, R&D, customer support, and go-to-market projects.
Read more details
here
.

Last News

▸ Beware EMV may not fully protect against skilled thieves. ◂
Discovered: 23/12/2024
Category: security

▸ Hack Your Hotel Room ◂
Discovered: 23/12/2024
Category: security

▸ Website hacks happened during World Cup final. ◂
Discovered: 23/12/2024
Category: security


Cyber Security Categories
Google Dorks Database
Exploits Vulnerability
Exploit Shellcodes

CVE List
Tools/Apps
News/Aarticles

Phishing Database
Deepfake Detection
Trends/Statistics & Live Infos



Tags:
Startup Raises $13.7M to Stop Breaches with Behavioral Analytics