Illusive Networks provides active cyber defense and deception solutions that shrink attack surfaces and stop attacker movement. Its agentless platform creates a hostile environment for attackers, depriving them of the means to progress toward critical assets after breaching the perimeter. Unlike behavioral or anomaly-based detection, the solution captures deterministic proof of in-progress attacks and delivers actionable forensics to support quick, effective response. The company plans to use the $24M Series B1 proceeds to accelerate growth through a go-to-market strategy focused on sales and marketing expansion and by investing in product enhancements to secure cloud workloads. Backers in the round include Spring Lake Equity Partners, Marker, New Enterprise Associates, Bessemer Venture Partners, Innovation Endeavors, Cisco, Microsoft and Citi. The firm is led by CEO and founder Ofer Israeli and has recently added Bob Horn as chief revenue officer, Nicole Bucala as vice president of business development and Claire Trimble as chief marketing officer. Illusive Networks builds deception frameworks that create false versions of a company’s network to lure, identify and trap malicious hackers. The platform focuses on containing attackers once they are inside by keeping them in the deceptive environment or ejecting them from the real network. Illusive targets large enterprises of 1,000+ employees across industries such as banking, technology and law, though it does not disclose named customers. The company has raised more than $30 million to date, including a $22 million round in 2015 led by NEA, and counts strategic backers such as Cisco alongside investors like Bessemer, Citi Ventures, Marker and Team8. Founded in 2014 and based in Israel, Illusive recently added Microsoft Ventures as a strategic investor but did not disclose valuation or terms. The company expects strategic partnerships with vendors like Microsoft and Cisco to help integrate its deception capabilities into broader security offerings and sell to enterprise customers, though specific arrangements are not yet detailed. Illusive Networks provides a deception-based cybersecurity solution that leverages patent-pending technology to neutralize targeted attacks and advanced persistent threats by creating a deceptive layer across networks. The company serves financial institutions, insurers, retailers, law firms, healthcare providers, and energy and telecommunications companies across the United States and EMEA. It will use the funds to further accelerate global expansion through expansions of sales and marketing, as well as engineering and support teams. Illusive is led by CEO Shlomo Touboul. The company was launched in June 2015 and previously raised a $5M Series A from cybersecurity foundry Team8. Following this extension the Series B totals $25M. Illusive Networks builds deception-based security that installs false assets across every endpoint, server and network component to confuse attackers. Its deceptions trigger a forensic application when tampered with, producing detailed reports to detect and contain intrusions in early stages. The company says the approach yields almost no false positives and creates a “hall of mirrors” that prevents attackers from distinguishing real from fake. CEO Shlomo Touboul has promoted the technology as a way to catch intruders unaware. Illusive launched just a few months ago and quickly attracted customer and investor attention. Illusive Networks develops deception technology that plants contextual, organization‑consistent decoys within corporate networks to lure and detect attackers early. The product makes false servers and data appear authentic so attackers pursue traps rather than reaching real assets. Illusive says its deceptions capture intruders within about three hops, enabling security teams to observe behavior and perform forensics. Customers can choose to eject intruders immediately or let them move to learn attacker intent. The company emerged from stealth and has attracted attention from industry figures such as Eric Schmidt, whose Innovation Endeavors has supported Team8. Illusive is a startup out of Team8, an Israeli security incubator, and is led by CEO Shlomo Touboul.

Total raised

$54M

Funding rounds

5

Latest round

Series B

Latest activity

Oct 2020