Illusive Networks, a New York City and Tel Aviv, Israel-based cybersecurity company, raised a new funding round of an undisclosed amount.
Microsoft Ventures made the investment, joining current investors New Enterprise Associates (NEA), Bessemer Venture Partners, Marker LLC, Citi Ventures, Cisco Investments, and Eric Schmidt’s Innovation Endeavors.
The company intends to use the funds to advance global expansion, invest in sales and marketing, and expand the engineering and support teams for its technology.
Led by Ofer Israeli, CEO, illusive networks provides a patent-pending cybersecurity deception technology that neutralizes targeted attacks and Advanced Persistent Threats (APT) by creating a deceptive layer across the entire network. The solution is deployed across dozens of financial institutions, insurance, retailers, law firms, healthcare providers, energy and telecommunication companies in the United States, EMEA and APAC.