Preempt, a San Francisco, CA-based enterprise platform for protection from breaches and internal threats, raised $17.5m in Series B funding.
Backers included ClearSky, Blackstone, Intel Capital and General Catalyst. In conjunction with the Series B funding round, Patrick Heim, operating partner at ClearSky, will join Preempt’s board of directors.
The new investment brings total funding to $27.5 million.
The company intends to use the funds to expand operations, to accelerate product innovation and go-to-market strategy.
Led by CEO and co-founder Ajit Sancheti, and Roman Blachman, Preempt CTO, co-founder and head of Israeli Operations, Preempt provides an Identity and Access Threat Prevention platform, which allows enterprises to preempt threats in real time based on identity, behavior and risk.
The solution allows enterprises to stop real threats before impact and ensures all transactions are verified.
The company’s platform is now deployed in major Fortune 500 enterprise organizations, along with strong success in the finance, retail, healthcare and legal industries.
The company has research and development located in Ramat Gan, Israel.