Security startup Secdo raises $10M to keep hackers out of enterprise devices
With new malicious software strains such as Mirai and the recently discovered Googlian virus infecting millions of devices at a time, companies have more reason than ever to invest in endpoint protection software.
One of the startups fighting for a piece of the pie is the New York-based Secdo Inc., which today announced it has closed a $10 million investment led by Israeli fund RDC. The firm was joined by Marius Nacht, the billionaire chairman of security giant Check Point Software Technologies Ltd., and the founders of flash memory specialist Anobit Technologies Ltd. The latter company was acquired by Apple Inc. in 2012 for a reported $390 million.
Secdo will use the capital to widen the adoption of its namesake incident response platform, which aims to help organizations more easily detect compromised devices inside their networks. The system can aggregate logs from a company’s breach detection tools, remove redundant data and make the filtered results available for analysis through a graphical dashboard. In a product video released two months ago, the startup showed how its console makes it possible to literally piece together the evidence from a breach using drag-and-drop controls.
The demonstration centered on a mock security incident involving Chinese hackers. A Secdo worker used its software to quickly find the device that was compromised by the breach, pinpoint the infected processes and uncover the attack vector (a malicious document). The startup says that its platform can even identify what specific files were stolen from a machine to help administrators size up the scope of a hack.
From there, a remote wipe mechanism called IceBlock makes it possible to quickly clear the device of malware and backdoors without having to disrupt the affected user’s work. Its feature set and newly raised capital puts Secdo on track to become a serious contender in the endpoint protection market.
At the same time, the company can expect fierce competition from other providers. The firm will have to take on both fellow startups such as the recently funded E8 Security Inc. and established players looking to protect their turf. The latter category includes the likes of Carbon Black Inc., which acquired a rival called Confer Technologies Inc. in July to bolster its endpoint protection lineup.
Image via StockSnap
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