Singapore: Singtel Innov8 leads $20m Series D in CounterTack

Graphic from Singtel Innov8 Facebook page.

Cybersecurity firm CounterTack has closed a $20 million Series D round led by new investor Singtel Innov8, the corporate venturing arm of the Singtel Group, and SAP National Security Services (SAP NS2), a division of German software major SAP.

The Series D round also saw follow-on investment from existing investors, with proceeds to be used for financing CounterTack’s growth in Asia Pacific (APAC).

CounterTack claims to deliver full-spectrum endpoint security, including advanced Endpoint Detection and Response (EDR) capabilities, leveraging behaviour analysis and machine-learning to neutralise threats at-scale to maintain business resiliency against targeted attacks.

“We are excited to partner with CounterTack to support the delivery of truly innovative endpoint security technology on a global scale,” said Jeff Karras, managing director, Singtel Innov8.

“CounterTack takes a differentiated approach to protecting large organisations from attacks like ransomware and other advanced threats. Their track record in delivering innovative endpoint security to customers worldwide is spectacular. We are happy to be part of their continued growth.”

In November 2016, EDBI, the investment arm of Singapore’s Economic Development Board (EDB), participated in a $10 million round that included several strategic investors.

According to Gartner estimates, the cybersecurity market is growing at an annual average of 8 per cent in overall revenue.

 

“We’re thrilled to team up with CounterTack and to be adding them to our syndicate of portfolio companies in the cybersecurity space,” said Andrew Drake, vice president, strategic investments, at SAP NS2. “We are also enthusiastic about the market opportunity to integrate our best of breed technologies strategically, to deliver unprecedented scale across multiple customer use cases.”

Also Read: Singtel Innov8 participates in Synack’s $21.25m Series C

Singtel Innov8, Australia’s Future Fund participate in Bitglass’ $45m Series C

Singtel Innov8 participates in DemystData $7m Series B

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.