Series A round for Security Startup

July 23rd, 2017 by admin Leave a reply »

The San Francisco-based cyber security startup Insight Engines recently raised $15.8 million in a Series A round of financing for its threat intelligence gathering tool Splunk also known as called Cyber Security Investigator.

August Capital led the funding round which was backed by Real Ventures, Data Collective, Splunk and its co-founder, Erik Swan. Simon Crosby, co-founder and CTO of Bromium, is also part of an investor group.

Company makes big data easy to explore and work with natural-language processing technologies. Cyber Security Investigator can detect and understand cyber threats by asking questions.

“In today’s day and age, advisories are always changing their patterns of attack, making static alerts ineffective defense,” Grant Wernick, co-founder and CEO of Insight Engines, told e-security Planet. “CSI [Cyber Security Investigator] levels the playing field, allowing the good guys to be dynamic in ways they never imagined possible.”

This technology can help fill the IT companies with the workforce gap.

“CSI helps bridge the hiring chasm between the need for talented individuals and the work force available,” said Wernick. “CSI is a force multiplier for the most advanced security teams who can now achieve more effective results in a fraction of the time. With CSI we have been able to transform physical security staff to augment cyber security operations, which has resulted in both significant cost savings and fresh perspectives for the enterprise.”

It also reduces time to zero in on cyber security issues.

“CSI empowers analysts to escape search fatigue by helping them analyze more of their data and spend less time searching,” he said. They can “spend more time focused on mitigating real threats and significantly less time focused on crafting esoteric queries. Using CSI, analysts no longer need to be big data specialists and can focus back on defending against an ever-increasing threat landscape.”

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