Hexadite, Inc., a Tel Aviv, Israel-based provider of a security orchestration and automation platform, closed an $8m Series A funding round.
Backers included Hewlett Packard Ventures, Ten Eleven Ventures, and YL Ventures. In conjunction with the funding, Ten Eleven Ventures co-founder Mark Hatfield, a security venture capital veteran, will join Hexadite’s board.
The company plans to use the funds to accelerate research and development in Israel and expand its marketing and sales operations worldwide.
Led by Eran Barak, CEO and co-founder, Hexadite provides a security orchestration and automation solution that automatically investigates and resolves all cyber security alerts quickly. The Hexadite Automated Incident Response Solution (AIRSÔ) aims to maximize a customer’s ability to investigate attacks post-detection to resolve the full extent of a breach.
In 18 months, with $2.5m in seed funding, the company brought to market the solution, which has protected more than 500,000 devices in customers from the financial services, retail, technology, insurance, manufacturing, telecommunications, life sciences, and healthcare industries.