“Security Business Intelligence” startup SecBI, a developer of advanced cybersecurity threat detection solutions, has announced a $5 million Series A funding round led by Orange Digital Ventures, Connecticut Innovations, Amichai Shulman and existing investor Jerusalem Venture Partners (JVP). SecBI plans to use the funding to launch its debut product and increase its marketing and sales footprint in North America and Europe.
SecBI’s namesake software is an agentless and appliance-less solution that automates threat detection and incident investigation by utilizing proprietary machine learning technology to analyze network security log data.
“The solution is in production, processing billions of network logs a day, attracting global enterprises and financial institutions,” said Gilad Peleg, CEO, SecBI. “The renewed support of JVP and our new investors Orange Digital Ventures, Connecticut Innovations and Amichai Shulman, will allow SecBI to seize these opportunities, accelerate sales and marketing efforts on a global scale, and establish the right partnerships to provide customers with state-of-the-art solutions.”
“We made the decision to invest in SecBI following a comprehensive review of its technology and initial customer feedback,” said Pierre Louette, Orange’s Deputy CEO and also President of Orange Digital Ventures. “We are committed to supporting and nurturing cyber security innovation, and SecBI represents exactly the type of forward-thinking partners we are seeking.”
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