TrapX Security is a global leader in cyber deception technology that develops solutions to detect and defeat advanced attackers. Its DeceptionGrid product rapidly detects, deceives, and defeats advanced cyber-attacks and human attackers in real time, and provides automated, accurate insight into malicious activity unseen by other defenses. The company serves Forbes Fortune 500 commercial and government customers worldwide across sectors including defense, healthcare, finance, energy, and consumer products. Incorporated in 2012, TrapX is led by CEO Moshe Ben-Simon and General Manager Ori Bach. The company recently completed an $18M Series C financing led by Ibex Investors with participation from BRM, Opus Capital, Intel Capital, Liberty Technology Venture Capital, and Strategic Cyber Ventures. TrapX says it will use the funds to expand its global presence into additional countries and verticals. TrapX Security develops deception-based cybersecurity software that automates the detection, isolation, and investigation of malware attacks on enterprise systems. Its platform is described as a leading supplier of deception technology to hospitals, skilled nursing facilities (SNFs), MRI/X-ray centers and large physician organizations. The company reported positive results in 2015, which Strategic Cyber Ventures cited as a basis for its investment. TrapX has emphasized momentum in healthcare and plans to expand into additional verticals such as finance and critical infrastructure. Last year the company raised $9 million from Intel Capital and Liberty Israel Venture Fund to fuel global expansion. TrapX Security, based in San Mateo, CA, delivers deception-based cybersecurity defense focused on detecting, analyzing and defending against new zero-day and APT attacks in real time. Its flagship product, DeceptionGrid™, provides automated insight into malware and malicious activity for Forbes Global 2000 commercial and government customers across sectors including defense, healthcare, finance, energy and consumer products. The company is led by CEO Greg Enriquez. TrapX raised $9M in a Series B funding round to accelerate growth across the business. The company intends to use the funds to further develop its deception technology, hire engineering and marketing talent, and expand global sales initiatives. The round signals continued commercial traction with enterprise and government customers worldwide.

Total raised

$32M

Funding rounds

3

Latest round

Equity

Latest activity

Jul 2019