Illusive Networks Raises $24M in B1 Funding

By October 8, 2020December 9th, 2020News

ISRAELUSA

Illusive Networks, a NYC and Tel Aviv, Israel-based provider of active cyber defense and deception solutions, raised $24m in Series B1 round of funding.

Backers included Spring Lake Equity Partners, Marker, New Enterprise Associates, Bessemer Venture Partners, Innovation Endeavors, Cisco, Microsoft, Citi and others.

The company intends to use the funds to accelerate its next phase of growth driven by a go-to-market strategy that focuses on sales and marketing expansion and further investment and product enhancements for securing cloud workloads.

Led by Ofer Israeli, CEO and founder, Illusive Networks reduces cyber risk by shrinking the attack surface and stopping attacker movement. The solution creates a hostile environment for attackers, depriving them of the means to progress towards critical assets after breaching the perimeter. Unlike behavioral or anomaly-based threat detection, Illusive’s agentless approach captures deterministic proof of in-progress attacks and provides actionable forensics to empower a quick and effective response.

The company has also hired Bob Horn, chief revenue officer; Nicole Bucala, vice president of business development; and Claire Trimble, chief marketing officer.

Original article posted at https://www.finsmes.com/2020/10/illusive-networks-raises-24m-in-b1-funding.html