E8 Security Raises $12 Million for Behavior Intelligence

Yesterday, cybersecurity company E8 Security announced a $12 million Series B funding round. The funding was led by Strategic Cyber Ventures (SCV) and included the participation of March Capital Partners, Allegis Capital and The Hive. E8 Security Raises $12 Million

E8 Security’s behavioral intelligence platform is a self-learning security solution that hunts and identifies unseen internal and external threats and adversaries. The solution can measure an organization’s risk to a data breach and identify the early warnings signs when critical resources are being targeted. The platform takes an ‘inside-to-outside’ view, with lateral movement modeling of user and endpoint activities in addition to network traffic patterns originating from within an organization’s perimeter, to identify the various stages of threat activity inside the network.

Using a machine learning approach, E8 Security utilizes graph analysis, mathematical algorithms and other modern pattern recognition methods to find hidden vulnerabilities. Their self-learning, multi-dimensional behavioral analytics models all user, endpoint and network activities, and provides a comprehensive view of unknown threat indicators within the organization. This provides visibility into existing users, devices and traffic, and indicates normal behaviors and when they change such as when new users and devices come online or access an application for the first time or from a different location. Change of behaviors help with assessing the risk of traffic anomalies and possible attacks, and demonstrates rapid insight into unknown threat indicators within the business environment.

“Organizations have come to the stark realization that the significant shortage of skilled IT security professionals, coupled with reliance upon largely siloed, signature-based methods of threat detection, is no longer acceptable,” the company stated in the press release. “They are now embracing different approaches that incorporate advances in machine learning for cybersecurity and the significant automation benefits that these technologies create and enable.”

The company has raised $21.8 million in total VC funding to date, and will use the capital for continued innovation of its platform, as well as to accelerate go-to-market and sales execution efforts. E8 has done some proof-of-concept deployments in the cloud, and is slated in 2017 to have a formal on-premise cloud product.

 

Digiprove sealCopyright secured by Digiprove © 2016