Hunters raises $15M Series A for its threat-hunting platform – ProWellTech
Hunters, a Tel Aviv-based cybersecurity startup that helps companies defend against intruders and analyze attacks, announced today that it has raised $ 15 million in Series A funding from Microsoft’s M12 and US Venture Partners. YL Ventures and Blumberg Captial seed investors also participated in this round, as did the new investor Okta Ventures, the risk arm of the identity provider Okta. With this, Hunters has now raised a total of $ 20.4 million.
The company’s SaaS platform substantially automates threat detection processes, which traditionally has been a manual process. The general idea here is to take all the data from a company’s various network and security tools to detect invisible attacks.
“Hunters are basically this layer, a cognitive layer or connective tissue that you put on top of your telemetry pile,” Hunters co-founder and CEO Uri May told me. “So you have yours [endpoint detection and response], your firewalls, the cloud, the sensors of the production environment – and all of them are shooting telemetry and detections across the organization, generating huge amounts of data. And basically, our place in the world depends on our ability to generate that delta. So without being able to find things that can’t be seen with a single-point solution or without really speeding up response procedures and workflows by correlating things in a non-trivial way, we have no excuse for existing. But we got pretty good at those – showing that delta – and integrated the customers – nice logos – and that was a very strong validation. “
Hunters’ first customer was actually the Snowflake data management service, which acted as the company’s design partner. In addition to being a customer, Snowflake now also offers hunters in its partner market, as well as the CrowdStrike security service. May also noted that Crowdstrike is a good example of the type of client hunters are looking for.
“Not necessarily Global 2000 or Fortune 500. They are high-end mid-range organizations, not necessarily tens of thousands of employees, but billions of dollars in revenues, a lot of value at risk, born in the cloud, super mature technology stack, not necessarily a big operations center for security, but surely CISO and a team of security engineers and analysts, and they are looking for the solution, that solution at the top that can make sense of a lot of data and give them security and offer them results in terms of cyber security, posture and detection and response capabilities. “
Microsoft already has a large security development center in Israel, so it’s no surprise that hunters have appeared on the company’s radar. The hunters also spent some time proactively looking at the Microsoft ecosystem, May told me, but the company’s VCs also made some presentations. All of this culminated in a series of meetings at the CyberTech conference in Tel Aviv in January and at the RSA conference in San Francisco in February, just before the coronavirus pandemic essentially stopped the journey.
Hunters says it will use the new funding to develop its marketing capabilities in the United States and expand its research and development team in Israel. As for the product itself, the company will seek to expand its product integration and machine learning capabilities to help it generate better attack stories. May also noted that it intends to offer its users the ability to customize the system according to their needs, allowing them to develop their own signals and detections to increase the company’s default tools. This, May said, will allow the company to follow up on high-end corporate customers who already have threat hunting teams but who are looking to automate the process further. With this, he will also try to work with other security companies to leverage his system to provide better services to their customers too.