Singapore’s Economic Development Board joins $15m Series C round of security startup CounterTack

Visual from the CounterTrack website

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.

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.