I am very excited to share the news that Infocyte has closed a $3.4 million Series A funding round. This funding round enables Infocyte to accelerate adoption of the Infocyte HUNT platform, continue to stay ahead of an ever-changing threat landscape, and build more awareness for Infocyte’s disruptive approach to enterprise threat hunting.
The round is led by LiveOak Venture Partners, an early-stage venture capital firm with more than $109M invested in Texas-based companies, and a syndicate of investors that include Feik Enterprises, and Hollis Family Partnership. In addition, LiveOak General Manager, Venu Shamapant, and Nicolas Hollis, CEO of Coherent Cyber, LLC., will join the Infocyte Board of Directors.
“The Infocyte team has leveraged deep domain expertise gained from years in national cyber defense to develop an innovative and proven solution that automates threat hunting,” said Venu Shamapant, General Partner, LiveOak Venture Partners. “We are excited to partner with Infocyte to bring threat hunting to a wider enterprise audience.”
With daily headlines detailing the latest hacks, many of which exist for years before discovery, and a stream of new threats finding ways to evade current security controls, organizations have begun to proactively “hunt” for malicious software and users hidden in their networks. Until now, “threat hunting” has been limited to the most sophisticated security professionals in the military and top tier financial institutions.
Infocyte has solved this by automating this tedious and specialized process to make threat hunting a standard enterprise practice. Infocyte automates a traditionally services-heavy forensic collection and analysis process, empowering an organization’s own IT and security teams to discover if malware or hackers are present on networked devices (i.e. workstations and servers, both physical and virtual) without specialized knowledge.
I am so proud of the entire Infocyte team for making 2016 a banner year. I look forward to taking the company to the next level in 2017 and continuing to deliver innovative enterprise security solutions to our customers and partners!