Cybersecurity Orchestration Start-up, CyberObserver, raises $3 million led by Talis Capital
UK-based Talis Capital has led the $3 million funding round of CyberObserver, an Israeli based Cybersecurity management start-up. CyberObserver provides a breakthrough cybersecurity orchestration and awareness management suite that provides CISOs and security domain managers with an unprecedented comprehensive view of their enterprises’ cybersecurity health.
Driven by a powerful analytics engine that calculates on-line measurements, CyberObserver monitors in real-time and provides 3 layers of information:
- Fool proof indicators of the types of cybersecurity tools that are misconfigured, malfunctioning, or lacking.
- Security gaps that exist in each security domain, alongside recommendations for pro-active steps to be taken to close them.
- Continuous analytics that provide alerts on deviation from normal behaviour.
“CyberObserver can be automatically deployed on a corporate network in a matter of a few hours, predefined with security domains and CSCs measurements to deliver real-time Cyber-Security health views” said Itzik Weinstein, CEO of CyberObserver. “Our customers already include some of the largest companies in Israel and the world - from commodity trading giants in the USA, to large energy companies in APAC - our technology delivers inestimable value to their cyber security teams. The investment will help us expand our international sales efforts, and continue our product development”.
CyberObserver was founded in 2011 by Shimon Becker, Moti Ram and Oded Mass, a team of Israeli security software experts with extensive experience in the methodology, development and management of complex technological systems that combine information technology and people.
“The cyber-security market has an immense number of companies offering products and services to protect digital assets from unauthorised access and malicious use” said Vasile Foca, Managing Partner and Co-Founder of Talis Capital. “The number of cyber products required to secure enterprises from inside and outside threats is ever growing which means the demand for management tools to centrally control, reduce risk and exposure, and prioritise threats is growing significantly – we see CyberObserver as being at the front of this market and are excited at the company’s trajectory”.
The global security management market is forecasted to reach $4.5bn by 2018, where the market will see analysts having traditional event and threat response capabilities replaced with machine-speed decision making and response. With the well-documented shortage of security analysts (Frost and Sullivan has forecast a shortfall of 1.5 million trained security experts by 2020), security teams must seek efficiencies through automation when they cannot find the talent they need.
The funding will help CyberObserver to meet growing international demand and expand R&D to increase product development.
CyberObserver is a powerful, comprehensive and easy-to-use orchestration and awareness solution that enables Chief Security Officers, Chief Compliance Officers and IT executives to effectively secure their organizations against cyber-threats. Developed by cybersecurity experts, CyberObserver uses our patented core engine and Critical Security Controls (CSCs) measurements to present a clear picture of enterprise-wide cybersecurity eco-system status and preparedness at any given moment, alerting to breaches and threats as they arise and actions to be taken to secure critical infrastructures across the security eco-system.
About Talis Capital:
Talis Capital is a London based venture capital firm, focused on B2B technology companies within three key areas: Security, Business Intelligence/SaaS and Financial Services. Talis Capital has completed over $380m of transactions since 2009 and has a strong record of investments. Talis has made over 30 venture investments and count some of the fastest growing tech start-ups in its portfolio – Darktrace, Onfido, Iwoca, - among many others.