Israeli data security firm Fortscale said Monday that it has closed $10 million in funding. Intel Capital and Blumberg Capital led the round with participation from Fortscale’s previous backers which include the Swarth Group. According to the firm, the capital infusion will be used to expand the firm’s R&D and analytics teams as well as relocate the company’s new headquarters to Silicon Valley.
SAN FRANCISCO & TEL AVIV, Israel–(BUSINESS WIRE)–Fortscale (www.fortscale.com) today announced it has raised $10 million in funding led by Intel Capital and Blumberg Capital. Fortscale’s existing investors, including the Swarth Group, have participated in the round as well. The latest funding comes after proven private beta testing at leading enterprises in the US and Israel, and will be used to extend the company’s research and development, engineering and analytics groups and promote partnerships. The funding will also be used to establish the company’s new headquarters in Silicon Valley and rapidly expand Fortscale’s Israeli based R&D and analytics teams in order to support new Fortune 1000 customers.
Fortscale, founded in 2012, turns enterprise big data into User Intelligence, making users’ profiles and behavior visible and easy to investigate. Fortscale’s solution offers enterprises a proactive, intelligence-driven approach to cyber security based on big data analytics to help defend themselves against the scourge of targeted attacks and under the radar cyber campaigns that threaten their valuable intellectual property and financial assets.
“We are thrilled to receive such a powerful endorsement from the investment community,” said Idan Tendler, CEO & Co-Founder of Fortscale. “Recent infamous security breaches are live examples of the growing challenges enterprises face from user related threats such as malicious insider threats as well as targeted attacks using hijacked user credentials. Fortscale’s solution looks to solve this problem by delivering User Intelligence to help discover and investigate suspicious behavior and generate leads about possible security breaches,” he added. “Fortscale brings unique vision and intelligence by providing the security analyst a comprehensive tool set, machine learning algorithms infrastructure and canned analytics that leverage existing security measures and provide fast results.”
Fortscale enhances SOC teams and security analyst’s capabilities to that of advanced data scientists, while leveraging their existing infrastructure and know how. Fortscale’s focus on an enterprise’s users allows security teams to gain insights about malicious or rogue users, to pinpoint high-risk user behavior and access activity. It is aimed at producing User Intelligence based on extracting existing big data repositories (e.g. SIEM) by leveraging machine learning algorithms, canned reports, visualization tools and queries. These analytics analyze historical log data and run peer analysis on it. The result is focusing the security analysts’ efforts on the most important events, leads and threats, enabling them to make better, faster decisions.
“Enterprise security teams today need to be savvy about analytics to deal with a range of threats,” said Marcos Battisti, Vice President and Managing Director of Intel Capital. “Fortscale’s solution gives those security teams the resources they need to produce more intelligence and become more efficient, regardless of their technical know-how.”
Intel Capital Director Uri Arazy led the investment, and Managing Director Ken Elefant also participated.
“Fortscale is addressing a problem that enterprises across the globe are facing: a lack of User Intelligence,” said David J. Blumberg, Managing Partner, Blumberg Capital. “Fortscale’s ambitious and experienced team has developed the tools enterprises need to leverage big data to actionable User Intelligence.”
“Fortscale has emerged as a key player in the big data security analytics space due to its vision, technology and team,” said Oren Rozenbach, Partner, Swarth Group. “The funding will continue the company’s momentum as it helps enterprises protect themselves from a new breed of cyber security threats.”
For more information, visit www.fortscale.com
Fortscale’s goal is to enable enterprise security analysts to easily run big data analytics for User Intelligence, regardless of their technical know-how. Fortscale was founded in 2012 by seasoned security entrepreneurs from Israel’s high-tech sector, many of whom served in the IDF’s Elite Intelligence and Cyber Unit. Its team includes specialists in Big Data Analytics, Machine Learning algorithms and Cyber Warfare experts. Fortscale is backed by top-tier investors and a strong advisory board comprising global organizations’ CISOs and world-renowned experts in machine learning algorithms and cyber security. To learn more, please visit www.fortscale.com or contact Fortscale at [email protected] or at +1-212-519-9889.
About Intel Capital:
Intel Capital, Intel’s global investment and M&A organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting enterprise, mobility, consumer Internet, digital media and semiconductor manufacturing. Since 1991, Intel Capital has invested more than US$11 billion in over 1,351 companies in 55 countries. In that timeframe, 207 portfolio companies have gone public on various exchanges around the world and 349 were acquired or participated in a merger. In 2013, Intel Capital invested US$333 million in 146 investments with approximately 49 percent of funds invested outside North America. For more information on Intel Capital and its differentiated advantages, visit www.intelcapital.com or follow @Intelcapital.
About Blumberg Capital:
Blumberg Capital is an early-stage venture capital firm that invests in exceptional entrepreneurs with transformative ideas. Blumberg partners with passionate founders to disrupt markets through innovation and build successful companies. Its team has extensive experience collaborating with companies in Enterprise Software, Digital and Social Media, Mobile and Consumer Internet. Their relevant operational expertise and focused network enable them to be bridge-builders, connecting entrepreneurs with partners to drive success. Blumberg Capital is headquartered in San Francisco with an office in Tel Aviv. For a list of active portfolio companies, visit Blumberg Capital at http://blumbergcapital.com/.
About Swarth Group
Swarth Group is a privately-held investment company, controlled by Shaul Shani. The Swarth team has a substantial track record in building and managing companies in the technology and telecom industries. Additionally, Swarth invests in various technology, telecom-oriented, cyber security and IT companies.