SANTA CLARA, Calif., July 26, 2016 /PRNewswire/ -- Acalvio™ Technologies, an innovator in Advanced Threat Defense, today announced that the company has closed $17 million in funding from top tier investors including Accel Ventures, Ignition Partners and Eileses Capital. This investment will accelerate deployment and adoption of its Deception 2.0 technology. Deception 2.0 leverages dynamic deception and data science technologies to deliver high fidelity and cost-effective detection solutions that address an organization's most important security needs.
"A winning formula in venture investing is to start with a proven team and a highly innovative technology addressing a large shift in market requirements – in this case, the shift from Perimeter Defense to Internal Active Defense. Acalvio has delivered on a series of compelling innovations to address this large emerging market opportunity," said Arthur Patterson, founder Accel Partners and Acalvio Board Member. "Accel has had excellent prior success with Ram Varadarajan and is proud to again be his partner as he guides Acalvio to be the market leader."
"We see Acalvio as a potential game changer with their Deception 2.0 approach," said Nick Sturiale, Managing Partner of Ignition Partners and Acalvio Board Member. "With a series of patented innovations and a track record of execution, we are very excited to support Acalvio in its goals to achieve a leadership position in the Deception space, an area that has immense potential and promise."
According to TechSci Research, the global market for deception technology is projected to exceed $1.7 billion by 2021. This projection is based on an increasing number of cyber-attacks such as malware, Distributed Denial of Service (DDoS), Advanced Persistent Threats (APTs), zero day attacks and more. Acalvio leverages its patented technologies in the areas of dynamic deception and data science to detect, engage and respond to malicious activity for IT and Internet of Things (IoT) environments. The result is fewer false positives, improved threat intelligence and actionable Indicators of Compromise (IOCs).
"Gartner believes that more lean-forward organizations should also leverage deception in-depth as a new strategy for comprehensive threat defense against the onslaught of advanced attackers and attack techniques," states Lawrence Pingree, Gartner Research Director in his report entitled Emerging Technology Analysis: Deception Techniques and Technologies Create Security Technology Business Opportunities published July 15, 2015.
Acalvio's solution leverages its patented Fluid Deception™ technology to enable authentic and cost-effective deception at scale, which can now be delivered in a DevOps model. In addition, it allows for full engagement with threats to study attack tactics and tools. Adversary Behavior Analytics™ (ABA) enables automated response allowing IR teams to react to malicious activity in near real time. ABA Data Science algorithms leverage Deception events and other data available in Enterprise security solutions (SIEM, Privileged User Management systems, etc.) to deliver valuable intelligence around adversary travels, latent vulnerabilities, etc. Acalvio's solution also includes smart blending of data and credential lures across enterprise servers and endpoints. These lures both detect data theft and redirect attacks to Fluid Deception™ for engagement.
"We are on a journey to bring technological advantage to help customers get precise detection and automated resolution of threats; and we are pleased to have the backing of luminary investors such as Accel Ventures, Ignition Partners, and Eileses Capital," said Ram Varadarajan, CEO of Acalvio Technologies. "Today's attackers are easily able to get past traditional defenses and remain undetected for an average of 200 days. Deception 2.0 is truly revolutionary. It overcomes staleness and delivers high quality deception, at scale in a cost effective fashion. We are confident that our disruptive innovation and holistic approach will give customers a winning hand."
"Deception technologies have been used very effectively by the US Defense Agencies for years. While they have offered tremendous promise for commercial businesses, they have had serious limitations in key areas – notably detection efficacy, deployment efficiency, scalability and cost-effectiveness. Acalvio has addressed these issues at a systemic level, we are very pleased to work with them in their product launch," said Paul Calatayud, Chief Information Security Officer, SureScripts. "Their Data Science capabilities and their integration with the rest of the security eco-system, SIEM, etc. is of enormous value."
"Most CISOs worry about an undetected compromise in their network. Acalvio's vision of combining Deception Technologies, Data Science and SIEM data is a very innovative way to do compromise detection. I look forward to partnering with them," said DD Dubey, Chief Information Security Officer, Reliance Industries.
Acalvio Technologies will be participating at Black Hat USA 2016 and attendees are invited to stop by booth (#1165) to learn more about the company and its Deception 2.0 solutions. For more information, please visit www.acalvio.com and follow the company on Twitter at @AcalvioTech and on LinkedIn.
Acalvio provides Advanced Threat Defense (ATD) solutions to detect, engage and respond to malicious activity inside the perimeter. The solutions are anchored on patented innovations in Deception and Data Science. This enables a DevOps approach to ATD, enabling ease of deployment, monitoring and management. Acalvio enriches its threat intelligence by data obtained from internal and partner eco-systems, enabling customers to benefit from defense in depth, reduce false positives, and derive actionable intelligence for remediation. The Silicon Valley based company is led by an experienced team with a track record of innovation and market leadership and backed by marquee investors.
SOURCE Acalvio Technologies