CounterTack, provider of memory-based Endpoint Threat Platform (ETP) for the enterprise, has today announced that it has raised $20 million in its Series D round of funding from Singtel Innov8 and SAP NS2.
Along with the funding, the company has also entered into a strategic partnership with SAP National Security Services, Inc. (SAP NS2). As a part of that, the company will deliver full-spectrum, highly scalable endpoint security technology to enterprise and government customers.
With the SAP NS2 partnership, CounterTack aims to take the leadership position in the next-generation endpoint security market with ability to meet the performance and scale requirements of the largest enterprise environments.
Its Endpoint Threat Platform (ETP) is built on the SAP HANA analytics platform and applies a unique combination of behavioral analysis, machine learning and reputational techniques to counter the most advanced threats to enterprise security.
Mark Testoni, chief executive officer of SAP NS2, said,
The demands on cybersecurity teams today are intense, and the ability to detect and remediate threats rapidly means high-availability data across large, highly distributed environments. We are excited to be partnering with CounterTack to bolster the scale of their ETP deployments for enterprise and government customers, and to enhance customer use cases for widespread threat response, integrated with SAP HANA.
CounterTack says that they are investing in the future by building ETP product using the SAP HANA in-memory database engine and analysis engines, which include Smart Data Streaming, Machine Learning and Predictive Analysis, Natural Language Processing (NLP) and graph features to strengthen CounterTack’s existing and future capabilities.
The combined features deliver the capability to rapidly ingest huge volumes of data, enabling full fidelity data persistence to extract, exploit and provide situational awareness for deep understanding of network and endpoint events needed by security analysts to respond to threats as they occur.
Michael A. Davis, Chief Technology Officer of CounterTack, said,
Our customers have a needle in a needle stack problem. They see advanced, sophisticated attacks daily, and they rely on CounterTack’s multi-observational behavioral analysis and incident response platform to detect and respond to threats quickly and accurately. By partnering with SAP NS2 and integrating with SAP HANA, we are dramatically improving detection by adding additional detection algorithms without impacting performance, and we reduce complexity and deliver even more deployment flexibility to our customers.
CounterTack was founded in the year 2011 by Alen Capalik and Stan Eramia. It provides a unique combination of threat context, organizational resiliency and broad visibility, to mitigate endpoint risk and reduce the impact of advanced attacks.
The company says that it delivers its next-generation technology to over 250 customers globally. Till now, the company has raised more than $92 million in 8 funding rounds from 11 investors. Fairhaven Capital Partners, Goldman Sachs, next47, Razor’s Edge Ventures, are among the investors who have backed CounterTack.
