PRESS RELEASE: ThreatSTOP, the company that makes threat intelligence actionable in near real time announced the completion of $4.75 million in Series B funding. The round was led by new investors David Cheriton, PhD, computer science professor at Stanford, and Susumu Watanabe, founder, chairman and president of Network Value Components. They join investors from a previous round including Paul Mockapetris, inventor of the Internet Domain Name Service (DNS), Marcus Sachs, former vice president for national security policy for Verizon, and Johannes Ullrich, founder of DShield and currently responsible for the SANS Internet Storm Center (ISC).
The company will use the funds to accelerate sales and market adoption, focusing on the development of new product capabilities and support of a growing, global partner network.
“With the increase in both the scope and number of cybersecurity attacks in recent years, many security defenses are simply failing to protect their environments. New security vendors are entering the market, causing confusion as to what works, and more important, what to buy,” said Paul Mockapetris. “ThreatSTOP is an essential part of protecting the enterprise against data theft.”
ThreatSTOP delivers a highly scalable defense against advanced attacks by leveraging the power of DNS to protect against any malware for every device across a network. The ThreatSTOP service resides at the gateway or the DNS server to deflect inbound attacks, and prevent existing malware from communicating with threat actors to exfiltrate data. A cloud-based service, it updates automatically and works with existing equipment. More than 500 companies trust ThreatSTOP to protect their networks today.
“Our focus is on enabling our customers to solve the most critical problem facing companies today, safeguarding valuable data,” said Tom Byrnes, CEO of ThreatSTOP. “We cracked the code on delivering accurate and real-time threat intelligence to safeguard corporate networks through a cloud service.”