×

TopSpin Security Obtains $7M Series A Funding From Israel’s Leading Cyber Security Investors

HERZLIYA, Israel, Jan. 04, 2016 (GLOBE NEWSWIRE) -- TopSpin Security, Inc., a provider of advanced malware detection technology, today announced that it has secured $7 million in Series A funding from a group of accomplished private investors who stand behind Israel’s most successful cyber security companies. The funding will help the company accelerate its sales efforts in key markets.

Leading security investors have teamed up together to back up TopSpin Security as it accelerates its growth. Investors include Shlomo Kramer, Mickey Boodaei, Zohar Zisapel, and Rakesh Loonkar, who have founded and seeded cyber security successes including Check Point, Imperva, Trusteer, Palo Alto Networks, Aorato, Adallom, Lacoon, in addition to many others.

TopSpin Security designs and markets DECOYnetTM, an advanced active cyber defense system that engages attackers once they have bypassed perimeter-based security solutions. Already in deployment and used by organizations across the United States, DECOYnet offers a unique combination of detection, deception and extensive traffic analysis and visibility, allowing organizations to receive an accurate view of how data flows in, out and within their networks; assess risks; and set preemptive measures for detecting and dealing with cyber threats.

“The deception and breach detection market is moving fast and receiving much of attention,” said Mickey Boodaei, founding investor and chairman of the Board of TopSpin. “As a seasoned team of security entrepreneurs and investors, we were truly impressed by TopSpin’s unique product execution, which delivers sophisticated technologies in an easy to deploy and use model.”

"We are extremely pleased to have exceptional investors supporting TopSpin's vision of keeping two steps ahead of focused cyber attackers," said Doron Kolton, CEO of TopSpin. "We’ve spent the last three years developing an enterprise-grade solution, and intend to use this investment to scale our platform, expand our team and grow awareness in the world of cyber security."

In spite of near exponential growth in cyber attacks over past years, cyber defenses are still mainly passive and reactive. TopSpin's DECOYnet, on the other hand, provides proactive cyber defense. The solution automatically deploys relevant decoys, mini-traps and fake credentials to engage and mislead the attacker, while analyzing network communications channels between the attacker and external command and control servers, giving IT time to understand and neutralize the threat.

About TopSpin Security

TopSpin Security provides a solution that protects your organization from loss of valuable data and prevents disruption of your operations. The emphasis is on accuracy and minimal overhead, as well as simplicity of deployment and usage. The company’s solution DECOYnetTM incorporates a set of unique security engines that discover infected assets in your organization before damage is done. These include active deception, automatic configuration to your network and automated structured analysis of your network traffic. Learn more at www.topspinsec.com.


Press Contact: Scott Smith TopSpin Security E: scott@askingscott.com M: +1.408.438.3408

Source: TopSpin Security