Hunters, a Tel Aviv-based cybersecurity start-up that helps business defend themselves from burglars and evaluate attacks, today announced that it has actually raised a $15 million Series A financing round from Microsoft’s M12 and U.S. Venture Partners. Seed investors YL Ventures and Blumberg Captial likewise took part in this round, along with brand-new financier Okta Ventures, the endeavor arm of identity service provider Okta. With this, Hunters has now raised an overall of $ 20.4 million. The company’s SaaS platform basically automates the threat-hunting processes, which has traditionally been a manual process. The basic idea here is to take as much data from a business’s various networking and security tools to spot stealth attacks.
“Hunters is generally this layer, a cognitive layer or connective tissue that you place on top of your telemetry stack,” Hunters co-founder and CEO Uri May informed me. “So you have your [endpoint detection and response], your firewall softwares, cloud, production environment sensors– and all of those are shooting telemetry and detections all over the organization, producing big amounts of data. And, basically, our location on the planet depends upon our capability to produce that delta. So without having the ability to find things that you can’t see with a single point solution or without really expediting response treatments and workflows by correlating things in a nontrivial way, we do not have any reason to exist. We got pretty great at those– at revealing that delta– and we onboarded consumers– great logo designs– and that was a really strong validation.”
Image Credits: Hunters Hunters’first consumer was actually data management service Snowflake, which worked as the business’s design partner. In addition to being a customer, Snowflake now also features Hunters in its partner market, as does security service CrowdStrike. May likewise noted that Crowdstrike is a fine example for the type of consumer Hunters is pursuing.
“Not necessarily Global 2000 or Fortune 500. It’s actually high-end mid-market companies, not necessarily tens of thousand employees, but billions of dollars in incomes, a lot of value at risk, born to the cloud, super fully grown tech stack, not necessarily a huge security operation center, but absolutely CISO and a group of security engineers and experts, and they’re looking for the service, that on-top option that can make sense of a lot of the information and provide the confidence and also provide them leads to terms of cybersecurity, posture and their detection and response capabilities.”
Microsoft already has a big security development center in Israel and so it’s not a surprise that Hunters appeared on the business’s radar. Hunters likewise spent some time proactively looking at the Microsoft ecosystem, May informed me, but the company’s VCs also made some introductions. All of this culminated in a variety of meetings at the Tel Aviv CyberTech conference in January and the RSA Conference in San Francisco in February, right before the coronavirus pandemic basically shut down travel.
Hunters states it will use the brand-new funding to build out its go-to-market capabilities in the U.S. and expand its R&D team in Israel. As for the product itself, the company will seek to broaden its product combination and artificial intelligence capabilities to assist it create much better attack stories. May also noted that it prepares to provide its users capabilities to customize the system for their needs by permitting them to establish their own signals and detections to enhance the company’s default tools. This, May argued, will permit the business to go after higher-end business clients that currently have threat-hunting teams but that are wanting to automate more of the procedure. With that, it will likewise want to partner with other security firms to utilize its system to offer much better services to their clients also.
“Hunters is generally this layer, a cognitive layer or connective tissue that you put on top of your telemetry stack,” Hunters co-founder and CEO Uri May told me. Hunters’first consumer was really data management service Snowflake, which worked as the company’s design partner. Microsoft already has a large security development center in Israel and so it’s no surprise that Hunters appeared on the company’s radar. Hunters likewise spent some time proactively looking at the Microsoft community, May told me, but the company’s VCs likewise made some introductions. Hunters states it will utilize the new financing to build out its go-to-market capabilities in the U.S. and broaden its R&D group in Israel.