empow, an Israeli cybersecurity startup, raised new funding.
Ascent Venture Partners will be participating as a new investor in empow’s B-round of $10M, along with initial investors.
The company will use the funds to extend its leadership in next-generation SIEM and expand its global sales, marketing and finance operations in Boston.
Led by newly appointed CEO Peter George and current CEO and Founder Avi Chesla, who will move to CTO, empow provides an orchestration platform that uses AI and machine learning analytics to classify threats and alerts based on intent – identifies the most actionable ones – and then uses the existing security infrastructure to respond.
The company is headquartered in Israel with a North American marketing and sales office in Boston (Cambridge), has as customers medium and large enterprises and service providers in North America and Europe.