Singapore: EDBI participates in $10m CounterTack investment

Singapore Dollars | Photo: Reuters

CounterTack, a provider of behaviourally-based endpoint detection and response (EDR) technology for the enterprise has announced that it raised $10 million in funding from a portfolio of strategic investors that includes TenEleven Ventures, Fairhaven Capital, Goldman Sachs, Razor’s Edge Ventures, ManTech International, Siemens Venture Partners, Alcatel-Lucent, EDBI, and Mitsui.

In an announcement on 1 November 2016, the company announced that the funding will be leveraged to support the growth of CounterTack’s EDR platform Sentinel, a continuous monitoring and threat response solution, and Digital DNA (DDNA), a comprehensive EDR binary analysis engine containing a dynamic IOC trait library, across the Asia-Pacific (APAC) region and throughout the North American Federal sector.

CounterTack detects zero-days attacks, rootkits, targeted malware and advanced persistent threats, enabling customers to improve incident response and advanced threat detection.

EDBI, the investment arm of Singapore’s Economic Development Board, participated in the company’s $15 million Series C investment last year.

CounterTack claims to be the only EDR vendor that effectively combines continuous, behaviourally-based detection and response capabilities with predictive, in-memory binary analysis for the enterprise. This investment comes on the heels of several additional company milestones:

The company reported nearly 150 per cent year-over-year growth in the APAC market through strategic reseller partnerships and customer wins with major regional banks.

Speaking on the APAC growth, CEO Neil Creighton said, “We are witnessing a tremendous shift in the APAC region’s mindset toward cybersecurity. Organisations are realizing that today’s advanced and aggressive threats are difficult to manage, particularly as they invade the endpoint—which is becoming perhaps the most critical layer of defense to bulk up on.”

He continues, “As a result, with the support of our Singapore investor, EDBI, who has been instrumental in helping us widen our reach, more customers across APAC are turning to CounterTack to offer their customers a radically different approach to endpoint security, further establishing CounterTack as the go-to EDR provider in the region.”

Combined with the emergence of significant traction in the APAC region, the firms partnerships have also helped increase its footprint in the financial services and federal government sectors in North America.

As part of this, the company is also accelerating hiring in these regions and segments, with plans to unveil multiple new strategic initiatives and alliances over the next six months, as well as disclose a major new partner that will bring more scale to its US Federal business.

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.