CounterTack nabs $3 mln in Series B funds

CounterTack said Tuesday that it has closed its Series B round with an additional $3 million, bringing the tally to $15 million. The investors included Goldman Sachs, Fairhaven Capital and Siemens‘ venture capital unit. Based in Waltham, Mass., CounterTack is a provider of cyber security solutions.

PRESS RELEASE

WALTHAM, MA, Feb 25, 2014 (Marketwired via COMTEX) — CounterTack, a pioneer in delivering real-time endpoint threat detection, context and visibility around targeted attacks, today announced that it has closed out its Series B financing round with an additional $3 million to complete a $15 million raise.

This funding comes on the heels of a surge in global customer demand. With this extension, the Venture Capital unit of Siemens (SFS VC) joins CounterTack investors including Goldman Sachs, Fairhaven Capital and a group of private financiers to fuel an accelerated technology expansion and market delivery of CounterTack’s Sentinel platform for real-time endpoint threat detection and response for the enterprise.

“CounterTack is delivering an enormously valuable technology to enterprise and industrial customers in the important endpoint threat detection and response market,” said Ralf Schnell, CEO of SFS VC. “As the threat landscape continues to grow more dangerous, innovation from emerging technology leaders like CounterTack is changing the way organizations think and act about security in the enterprise. We’re thrilled to be part of the dynamic growth CounterTack is experiencing.”

“As this market continues to grow, we’re thrilled at our capability to attract strategic investors like Siemens, who is dedicated to identifying and financing young companies globally, during their start-up phase, providing capital for their expansion,” said Neal Creighton, CEO, CounterTack. “Their portfolio is comprised of visionary technology leaders across many industries to help organizations worldwide solve major business challenges.”

CounterTack’s Sentinel platform provides security teams with real-time threat detection, context and visibility into attacker behaviors. This enables CounterTack’s customers to rapidly detect and analyze threats on individual and groups of workstations and server endpoints throughout a customer’s organization, and correlate threats enterprise-wide. With Sentinel, teams can identify attack characteristics and trends to better defend themselves and prioritize their response to the most malicious, damaging threats worldwide.

CounterTack continues to gain global recognition for its revolutionary endpoint protection solutions. SK Infosec, one of South Korea’s largest information security providers, is leveraging CounterTack’s real-time enterprise threat monitoring solution Sentinel to counter known and unknown cyber attacks that threaten organizations across South Korea.

About CounterTack CounterTack’s real-time endpoint threat detection and response platform, Sentinel, delivers unprecedented visibility and context to enterprise security teams around targeted, persistent threats. CounterTack dramatically reduces the impact of advanced attacks, providing real-time, behavioral-based intelligence on attacker activity upon infiltration, so organizations can defend their business leveraging Sentinel’s contextual attack evidence for a rapid, prioritized response.

By combining ‘stealthware’ technology and Big Data analytics, CounterTack turns the tables on attackers, giving security teams and incident responders an advantage over their adversaries to make better security decisions with real-time, automated, forensic-level analysis. CounterTack is revolutionizing how companies defend their endpoints — across the enterprise. To learn more, visit

www.CounterTack.com .

About Siemens Financial Services (SFS) The Financial Services unit of Siemens (SFS) is an international provider of business-to-business financial solutions. SFS helps facilitate investments, providing commercial finance, project and structured finance with specific asset expertise in the energy, healthcare, industry, and infrastructure & cities markets. Employing more than 3,000 employees worldwide, SFS supports Siemens as well as other companies with their capital needs and acts as an expert manager of financial risks within the Siemens company. For more information, visit: www.siemens.com/finance .

About Siemens’ Venture Capital unit of Siemens Financial Services (SFS) The Venture Capital unit of SFS (SFS VC) and corporate venture capital organization of Siemens invests in early stage technology companies and established technology growth companies, focusing on the energy, healthcare, industry, and infrastructure & cities markets and hence plays a key role in Siemens’ global innovation network. The aim is to identify innovative solutions from which Siemens and its customers can profit and to strengthen business partnerships with innovative industry players. To date, the company has invested in more than 180 start-up companies. For more information, visit www.siemens.com/venturecapital .

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