Prevailion, a Woodlands, Texas-based global cyber adversary intelligence company, received a strategic funding round of undisclosed amount.
The round – an expansion to the company’s initial Series A – was led by Allstate Strategic Ventures with participation from Accenture Ventures and Irongrey (SeAH). The new investment follows a $10m Series A led by AllegisCyber Capital, a $2m seed round by DataTribe and a previous strategic investment by Legion Capital.
The company intends to use the funds to further expand its usability, reporting and partner ecosystem by the end of 2021 and boost marketing and sales.
Led by Karim Hijazi, founder and CEO, Prevailion provides an intelligence solution which detects cyber compromises within seconds of malware first landing on a network. This early warning detection capability allows organizations to stop attacks in their infancy before malware can progress to a more significant stage, such as data exfiltration, ransomware encryption, lateral infection spread and secondary malware deployment. It also provides a new capability for monitoring emerging threats in corporate and government supply chains.
Prevailion is currently tracking over 28,000 compromised organizations globally, ranging from publicly traded companies and their supply chain partners to governments, hospitals, universities, NGOs and more.