News Column

CounterTack Secures Additional Financing to Close Out Series B Funding at $15 Million

February 28, 2014

CounterTack, context and visibility around targeted attacks, announced that it has closed out its Series B financing round with an additional $3 million to complete a $15 million raise.

According to a release, this funding comes on the heels of a surge in global customer demand. With this extension, the Venture Capital unit of Siemens (SFS VC) joins CounterTack investors including Goldman Sachs, Fairhaven Capital and a group of private financiers to fuel an accelerated technology expansion and market delivery of CounterTack's Sentinel platform for real-time endpoint threat detection and response for the enterprise.

"CounterTack is delivering an enormously valuable technology to enterprise and industrial customers in the important endpoint threat detection and response market," said Ralf Schnell, CEO of SFS VC. "As the threat landscape continues to grow more dangerous, innovation from emerging technology leaders like CounterTack is changing the way organizations think and act about security in the enterprise. We're thrilled to be part of the dynamic growth CounterTack is experiencing."

"As this market continues to grow, we're thrilled at our capability to attract strategic investors like Siemens, who is dedicated to identifying and financing young companies globally, during their start-up phase, providing capital for their expansion," said Neal Creighton, CEO, CounterTack. "Their portfolio is comprised of visionary technology leaders across many industries to help organizations worldwide solve major business challenges."

More information:

www.CounterTack.com

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