Its technology currently protects nearly 20,000 companies around the globe and more than 1.5 million users. The company has been in market with its award-winning products since 2009. The importance of Invincea’s focus only continues to grow – a fact supported by a recent report from industry research firm Gartner, who estimates that by year-end 2016, 20% of enterprises will implement Windows containment mechanisms for end users handling untrusted content and code, up from less than 1% in 2013. The Invincea advanced threat protection platform provides enterprises of all sizes protection against these attack vectors, which typically include spear-phishing, drive-by download exploits, watering hole attacks, poisoned search results, ransomware, and user-initiated infections. In these types of targeted attacks, these traditional protection mechanisms are rendered useless. This is because each advanced weapon launched by attackers is designed to look unique and as a result is unknown and invisible to defenses that count on signatures to detect them. Invincea believes that today’s CISOs need to rethink security strategy, as the traditional approach of focusing on known threats only will not stop the kinds of attacks enterprises actually experience. Of the 59 companies surveyed, every one of them suffered an attack with the minimum cost incurred totaling over $1.5 million. The Ponemon Institute’s recent study on breaches in organizations found that the average cost of cyber attacks per year in US corporations with more than 1,000 employees was $12.6 million in 2014. These technologies are viewed as central to the company’s product portfolio, which is being overhauled as part of Michael Dell’s ambitious push into the enterprise market.Anup Ghosh, CEO As targeted attacks continue to accelerate, both in volume and success, Invincea is filling an essential market gap left by traditional security solutions. We look forward to changing the endpoint security paradigm with Invincea as our partner, and as a Dell Ventures portfolio company.”ĭell’s participation in the round Invincea comes just days after the debut of the $300 million Strategic Innovation Venture Fund, which extends the hardware giant’s existing $60 million Fluid Data Storage Fund to cloud computing, Big Data and mobility. Much of that can be credited to the channel, especially Dell, which provides a one year subscription of the FreeSpace-based DDP | Protected Workplace service with every Precision, OptiFlex and Latitude system.īrett Hansen, the executive director of client software at Dell, commented that “investing in Invincea made perfect sense given the unique ability of their solution to address the increasing threat of targeted and zero-day attacks. Nearly 10,000 organizations are using the software to protect their end-users, according to Invincea, which reported 200 percent year-over-year growth in the third quarter. The startup’s technology has already been baked into Invincea’s flagship FreeSpace solution, which can now automatically seal malicious code in an isolated sandbox that cuts off access to vulnerable system functions and personal data. The Series C investment was announced on Monday in conjunction with the previously undisclosed acquisition of Sandboxie, a provider of virtual containment software. Existing backers Grotech Ventures, Harbert Ventures, and New Atlantic Ventures also participated in the round, which brings in the firm’s total funding to an impressive $26.2 million. Invincea, a cyber security vendor that focuses on combating zero-day attacks, has received $16 million in equity from Dell Ventures and Aeries Capital.
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