RevelSecurity, a Tel Aviv, Israel-based provider of an Application Detection and Response platform, raised $23 million in Series A funding.
The round was led by SYN ventures, with participation from Hanaco Ventures, SilverTech Ventures, and World Trade Ventures. As part of this round, Patrick Heim, Managing Partner at SYN Ventures, will join RevealSecurity’s Board of Directors together with Jim Pflaging, who joins as an independent board member.
The company intends to use the funds to accelerate global expansion and product development.
Company: TrackerDetect Ltd.
Raised: $23.0 M
Round: Series A
Founding Month: June 2022
Lead Investors: SYN ventures
Additional Investors: Hanaco Ventures, SilverTech Ventures, World Trade Ventures, Patrick Heim, Managing Partner at SYN Ventures, and RevealSecurity’s Board of Directors.
Company Website: https://www.reveal.security/
Software Category: Application Detection and Response platform
About Company: Co-founded by Chief Architect Adi Degani, CEO Doron Hendler, and CTO David Movshovitz, RevealSecurity detects malicious insiders and imposters by monitoring user journeys in enterprise applications. Its detection system is ubiquitous – applied on any application, and across applications, including SaaS applications, cloud applications, and custom-built applications. The detection protects enterprise organizations against cases in which either an authenticated user is taking advantage of their permissions to perform malicious activities, or when an impersonator successfully bypasses authentication mechanisms to pose as a legitimate user. The tracking of user journeys relies on application-specific rules and is powered by innovative user journey analytics, combined with a clustering engine to detect abnormal journeys which reflect malicious activities.
Source: https://www.finsmes.com/2022/06/revealsecurity-raises-23m-in-series-a-funding.html