Illusive Networks Secures $24 Million in Newest Funding Spherical

NEW YORK and TEL AVIV, Israel, Oct. 7, 2020 /PRNewswire/ — Illusive Networks®, a chief in energetic cyber protection and deception options, at present introduced it has reached important milestones in buyer adoption: rising at a fee of 228% in new annual recurring revenues over 12 months, one other funding spherical, and strategic new hires.

The $24 million B1 spherical of funding had broad participation from new traders alongside present traders – Spring Lake Fairness Companions, Marker, New Enterprise Associates, Bessemer Enterprise Companions, Innovation Endeavors, Cisco, Microsoft, Citi and others.

Ofer Israeli, CEO and founder, Illusive Networks, stated: “Our fast progress is a testomony to the necessity for our resolution, particularly with the rise of cyber-attacks and the complexity of securing distant staff which makes our merchandise extra essential presently.  We’re additionally thrilled in regards to the large momentum we’re seeing with our strategic partnerships like Microsoft; final week Illusive was introduced as the one deception vendor with a Microsoft “co-sell” prepared standing.”

This funding spherical can be used to speed up the corporate’s subsequent section of progress pushed by an aggressive go-to-market technique that focuses on gross sales and advertising and marketing growth and additional funding and product enhancements for securing cloud workloads.

Jeff Williams, founding associate, Spring Lake Fairness Companions, stated: “Cyber-attackers are savvier than ever in evading safety monitoring and controls. The subsequent stage of cybersecurity must be deterministic, not reactionary. Illusive may even additional put money into cloud safety and make product enhancements which are essential as enterprises are growing their deployment of workloads within the cloud. That is why Illusive will proceed to develop and why it is an organization price investing in.”

Illusive Networks is gaining market share at a time when validation and help for deception and energetic protection proceed to develop. Having a proactive protection technique is now acknowledged as a essential layer of the safety stack, as highlighted by the MITRE SHIELD Framework.

Dave DeWalt, Vice Chairman of Illusive and Founding father of NightDragon, stated: “Regardless of large investments, enterprises proceed to endure knowledge breaches. The Illusive resolution allows the energetic layer of protection that deterministically detects attackers within the community who’re leveraging stolen credentials or stealing delicate knowledge. It is a essential layer of protection that enterprises have to deploy.”

Illusive has additionally introduced on a number of strategic new hires to steer the corporate into a brand new period of progress and continues funding within the go-to-market technique. These embody Bob Horn, chief income officer; Nicole Bucala, vice chairman of enterprise improvement; and Claire Trimble, chief advertising and marketing officer.   

To see Illusive in motion, request a demo with a safety skilled. 

About Illusive Networks 

Illusive reduces cyber threat by shrinking the assault floor and stopping attacker motion. Illusive creates a hostile setting for attackers, depriving them of the means to progress in direction of essential property after breaching the perimeter. Hackers are more and more discovering extra vulnerabilities inside an enterprise’s safety stack, permitting them to maneuver laterally inside the community and conduct reconnaissance and exfiltration. Illusive identifies and removes the weak connections and credentials that allow attackers to maneuver undetected, after which replaces them with misleading variations that idiot attackers into revealing their presence upon engagement. Not like behavioral or anomaly-based menace detection, Illusive’s agentless strategy captures deterministic proof of in-progress assaults and supplies actionable forensics to empower a fast and efficient response.

For extra data, go to www.illusivenetworks.com, contact us at [email protected] or observe on LinkedIn, @illusivenw on Twitter and Fb.

Media Contact: 
Corey Eldridge
831-440-2414
[email protected] 

SOURCE Illusive Networks

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