EDBI, the corporate investment arm of Singapore Economic Development Board, TenEleven Ventures and Mitsui have joined existing investors in pumping an additional $15 million into security startup CounterTack.
CounterTac’s recent Series C round was led by TenEleven Ventures, and it takes the total funding the company has raised to date, to about $50 million.
Its existing investors, who participated in the round include, Goldman Sachs, Fairhaven Capital, Siemens Venture Partners, Razor’s Edge, OnPoint Technologies (investment fund of US Army) and Alcatel-Lucent.
CounterTack, which provides information about and protection against targeted attacks on commercial and government networks, said it would use the proceeds from the latest funding round to support its accelerated go-to-market strategy, further its global expansion initiatives and deliver scalable next-generation endpoint detection and response (EDR) technology to its growing portfolio of enterprise customers.
The company claims to the only endpoint detection and response (EDR) provider that offers unprecedented endpoint detection, forensic analysis, threat visualization and realtime response capabilities to the enterprise and the SMB market through strategic MSSP partnerships.
“The rapid digitization of economies poses cybersecurity challenges to businesses globally,” said Chu Swee Yeok, CEO and President, EDBI. “The presence of leading cybersecurity companies such as CounterTack in Singapore, with its unique endpoint threat detection and response solutions, will help strengthen business resilience against rising cyber attacks. We look forward to realizing CounterTack’s Asian growth plans through our extensive network in the region,” he added.