illusive networks, a Tel Aviv-Yafo, Israel- and New York, NY-based and cybersecurity company, raised further $3m.
This extended the Series B funding to $25M.
Backers included New Enterprise Associates (NEA), Bessemer Venture Partners, Cisco Investments, Marker LLC, Citi Ventures, and Eric Schmidt’s Innovation Endeavors.
The company intends to use the funds to further accelerate global expansion through expansions of sales and marketing, as well as engineering and support teams.
Led by Shlomo Touboul, CEO, illusive networks provides a deception-based cybersecurity solution which leverages patent-pending technology that neutralizes targeted attacks and Advanced Persistent Threats (APT) by creating a deceptive layer across the entire network.
The company serves financial institutions, insurance, retailers, law firms, healthcare providers, and energy and telecommunication companies in both the United States and EMEA
Launched in June 2015, illusive networks raised a $5M Series A round from cybersecurity foundry Team8.