21 January 2020:
CyberSecurity startup Intezer has raised $15 million in Series B round of funding. The funding round was led by OpenView.
Intel Capital, Magma, Samsung NEXT, a USAA affiliate, and Alon Cohen (the founder and former CEO of CyberArk, and co-founder of Intezer) also participated in the funding round.
The company has appointed industry veteran and former CyberArk CRO Ron Zoran to its board of directors.
Itai Tevet, CEO and co-founder of Intezer, said, “I’m thrilled to announce our latest round of investment. Given the tremendous success we’ve had in applying our technology to incident response use cases, we will use the funding to accelerate our sales growth and expand the technology into the larger threat protection market.”
Itai Tevet added, “With its proven track record supporting modern SaaS and cloud-focused companies, partnering with OpenView was a natural choice for us.”
Scott Maxwell, founder and managing partner of OpenView, said, “Itai, Roy and the team at Intezer possess a rare expertise in incident response, malware analysis, and reverse engineering having mitigated many nation-state sponsored threats in the past.”
Scott Maxwell, added, “The Genetic Malware Analysis technology they’ve developed represents the next-generation of cyber threat detection, classification, and remediation. We’re excited to support them as they build a category-defining company.”
Alon Cohen, founder and former CEO of CyberArk, and chairman at Intezer, said, “Intezer has established itself as the global market leader in Genetic Malware Analysis. While Genetic Malware Analysis is a relatively new category, we’ve seen more vendors incorporating this approach into their cybersecurity solutions.”
Alon Cohen, added, “This new financing round will enable Intezer to strengthen its market leadership and product offerings to accelerate the global market adoption of Genetic Malware Analysis.”
(Image – Intezer)