Spyderbat Raises $10 Million in Series A  

by Kay Aloha Villamor in October 26th, 2022

Spyderbat, an Austin, Texas-based cloud-native runtime security company, announced it raised $10 million in Series A funding.

The round was led by NTTVC, with participation from LiveOak Venture Partners, Benhamou Global Ventures, and John McHale to fuel product development and go-to-market activities.

“As we grew closer to understanding the fundamental security concerns in cloud-native environments, we recognized the need for a brand-new approach,” states Marc Willebeek-LeMair, CEO of Spyderbat. “Traditional detection methods, along with the rate of change found in cloud-native environments, create inaccurate findings that require teams to investigate each with limited data. This leads to high volumes of interrupt-driven efforts that are inconclusive. DevOps and Platform Engineering teams need an accurate understanding of what is happening before automation can occur and a broader protection solution.”

The Spyderbat SaaS platform boasts three critical capabilities for detecting and blocking intrusions attacking known and unknown vulnerabilities: Runtime Visibility, Runtime Delta, and Runtime Intrusion Prevention.

In addition to the platform’s core capabilities, Spyderbat Labs produces continuous actionable intelligence updates to the Spyderbat platform by performing threat research for cloud-native environments.

Spyderbat Labs creates Shields to stop attacks against known vulnerabilities, packaged baseline policies to built-in Linux and Kubernetes services, and Attack Detections mapped to MITRE ATT&CK techniques. In addition to its core offering, Spyderbat separately announced its Open-Source program.

 Spyderbat is exhibiting at KubeCon+CloudNativeCon from October 26th through October 28th.

Company: Spyderbat, Inc.

Raised: $10.0M

Round: Series A

Funding Month: October 2022

Lead Investors: NTTVC

Additional Investors: LiveOak Venture Partners, Benhamou Global Ventures, and John McHale

Company Website: https://www.spyderbat.com/

Software Category: cloud-native Runtime Security

About the Company: Founded by Marc Willebeek-LeMair and Brian Smith, Spyderbat is a cybersecurity company pioneering a new approach to reimagining security operations. Spyderbat delivers cloud-native runtime security to customers with unprecedented precision in intrusion prevention and mitigation. Founded in 2019 on the recognition that the manual processes of traditional security operations are completely ineffective in rapidly changing cloud environments, Spyderbat is making threat prevention and security operation automation available with a platform for early, accurate, and thorough recognition of attacks. The company is headquartered in Austin, Texas.

Source: https://www.spyderbat.com/pressrelease/spyderbat-raises-series-a-to-deliver-runtime-security/

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