Attivo Networks, which develops and provides deception solutions for cybersecurity defence, has closed a strategic investment from Singtel Innov8, the venture capital arm of the Singtel Group, according to a statement.
Financial terms of the transaction are undisclosed.
The company will use the funding to accelerate expansion into Asia Pacific markets.
Singtel Innov8 joins current investors Bain Capital Ventures, Omidyar Technology Ventures and Trident Capital Cybersecurity, who have provided $47.5 million in funding to Attivo Networks.
US-based Attivo Networks provides real-time detection, analysis, and accelerated response to advanced, credential, insider, and ransomware cyberattacks.
The company claims to have increased revenues by more than 300 per cent year over year, building a list of customers that includes Fortune 50 enterprises.
“Singtel Innov8’s investment opens up new market opportunities for Attivo Networks and aligns the company for aggressive international growth,” said Tushar Kothari, CEO, Attivo Networks.
“There is clear pent-up demand in the Asia Pacific region and worldwide for advanced threat detection and response solutions by organizations requiring a new model for cyber resilience. This funding and access to Asia Pacific Markets will be instrumental in further expanding the Attivo Networks customer base and in supporting the needs of global customers.”