LightCyber provides the Magna behavioral attack detection platform, which integrates user, network and endpoint context to detect active attackers and curtail data breaches. Founded in 2012, the company is led by CEO Gonen Fink and co-founders Giora Engel and Michael Mumcuoglu. Its products have been deployed by top-tier customers across the financial, legal, telecom, government, media and technology sectors. The company established its U.S. headquarters in Silicon Valley in early 2015 and has opened an EMEA regional headquarters with operations in the UK and DACH, and launched APAC operations earlier this year. LightCyber has grown its sales team by 150 percent over the past three months and plans to grow it by a total of 400 percent by year end. The new funding will be used to fuel further growth in sales and marketing worldwide. LightCyber sells network security software built on the assumption that enterprise networks have already been compromised, focusing on identifying and containing active breaches. Its solution monitors network behavior to surface anomalies and comprises three components: automated network monitoring, anomaly detection, and remediation tools to repair damage. The company says it is already working with “dozens” of customers and has a strategic partnership with Check Point Software to provide breach detection and response for that vendor’s customers. CEO Gonen Fink emphasizes shifting from perimeter defense to internal detection and response. LightCyber raised $10 million from Battery Ventures, with additional participation from Glilot Capital and Marius Nacht, and plans to use the capital to expand U.S. sales and marketing toward retailers, banks, and other high-risk targets. Market context in the article cites Gartner data showing rising cybercrime costs and strong projected growth in enterprise budgets for rapid detection and response solutions. Light Cyber, founded in 2011 and headquartered in Tel Aviv, builds a platform that protects organizational networks from within by using novel anomaly detection and prevention to detect intruders in real time. The platform automatically learns normal user behavior and identifies abnormal network activity without relying on rules or signatures, enabling detection of previously unknown attacks. It analyzes and reports potential threats to security operation centers (SOCs) and enables security teams to take preventative action and contain malicious activity. The system also learns from incident-response decisions and changes in the network to improve its detection engine and update its models. The company was founded by information security experts Giora Engel and Michael Mumcuoglu, who have backgrounds as officers in an elite technological unit of the Israel Defense Forces. Light Cyber positions its technology as a solution to detecting sophisticated APTs that are often discovered long after damage has occurred.

Total raised

$32M

Funding rounds

3

Latest round

Series B

Latest activity

Jun 2016