Israeli cyber security startup Hunters announced June 30 that it has raised $15 million in Series A funding for further development of its solution for detecting and reponding to cyberattacks.
The investors participating in the round included Microsoft’s venture fund M12, US Venture Partners, seed investors YL Ventures and Blumberg Capital, and Okta Ventures. The latest investment has increased the total raised by the company to $20.4 million.
“The Series A investment validates the tremendous progress we’ve made on the technical front with ML and threat research, and commercially with cybersecurity ecosystem partners,” said Uri May, co-founder and CEO of Hunters.
“We are excited to join the impressive portfolios of M12 and USVP and to be able to leverage the support, experience and networks of these top U.S. venture firms. The participation of cloud-native, enterprise identity leader Okta, via Okta Ventures, is an additional significant vote of confidence in the value Hunters brings to the cybersecurity ecosystem,” May added.
Hunters is said to be planning to use the investment for further development of its threat detection capabilities and machine learning research.
The company's security-as-a-service (SaaS) solution automates the threat-hunting process using data from an enterprise’s networking and security tools to detect and respond to attacks, while reducing false positives. Hunters.AI applies TTP-based intelligence to identify attack signals, maps them to the MITRE ATT&CK framework and then analyzes and correlates the data, the company says.
“To overcome today’s cyber threat landscape, enterprise CISOs need to think like attackers in order to anticipate their moves, and they need to do it at scale. By automating the threat hunting process, Hunters addresses both needs,” said Mony Hassid, general manager and managing director of EMEA, M12. “Hunters has an exceptionally strong team with an intimate understanding of attacker techniques, which is critical in this business.”