LightCyber, a New York, NY- and Tel Aviv, Israel-based provider of breach detection and response solutions, raised $10m in funding.
The round was led by Battery Ventures with participation from existing investors Glilot Capital and Marius Nacht, the founder of Check Point Software (CHKP). In conjunction with the funding, Itzik Parnafes, general partner of Battery Ventures, will join LightCyber’s board of directors.
The company intends to use the funds to expand sales and marketing operations in the U.S. market.
Founded in 2011 by Gonen Fink, chief executive officer, LightCyber provides an automated breach detection product – LightCyber Magna, which analyzes both network traffic and endpoint information to understand the behavior of users, devices and applications and to detect compromised computers and stolen credentials early in the attack lifecycle, allowing users to remediate breaches and stop attacks before the damage is done.