Hexadite has raised $2.5 million in seed funding led by YL Ventures with participation byof former Microsoft Corporate VP Moshe Lichtman. Hexadite was founded by Eran Barak, Idan Levin and Barak Klinghofer - all former military intelligence officers and private sector security experts with a clear vision of how to solve the next big enterprise challenge: efficiently responding to an escalating onslaught of open cybersecurity incidents at any given time.
The start-up has emerged from stealth mode to unveil a groundbreaking new approach to cyber security incident response - one that automates the investigation and remediation of attacks to reduce the time it takes enterprises to close out cyber security alerts by up to 95%.
The Hexadite Automated Incident Response Solution (AIRS) is currently being implemented at the first four global customers, who are using it to investigate cyber alerts and support Hexadite’s solution development.
YL Ventures managing partner Yoav Leitersdorf said, “Hexadite creates a paradigm shift in the cybersecurity incident response market by automating and vastly accelerating previously manual processes.Reducing complexity by intelligently automating incident response and implementing best practices across enterprises in a continuous manner is the only way we can combat the ever increasing volume and complexity of cyber threats.”
Hexadite CEO Eran Barak said, "Customers are drawn to the possibility of investigating and confidently closing out cybersecurity incidents, within minutes of being alerted. With our solution, we have seen them reduce response time by up to 95%, resulting in significant operational savings from less manual labor deployed, and less data stolen or corrupted.”
Published by Globes [online], Israel business news - www.globes-online.com - on July 1, 2014
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