When existing investors double down and bring in a strategic investor, you know that a startup is worth a second look
Tel Aviv-based GuardiCore announced today the close of their Series B funding round, bringing in $20 million in new financing.
Leading the round were previous investors Battery Ventures and 83North. Strategic investor Cisco Investments is also reported to have taken part in bringing the company to a $33 million total raised, including their $11 million Series A from 2014.
Co-founded in 2013 by CEO Pavel Gurvich, CTO Ariel Zeitlin, and VP of Business Development Dror Sal’ee, GuardiCore works with clients to secure their data centers.
Speaking with Geektime, Gurvich explains the importance and challenge of keeping data centers running and safe from attackers. “It’s where your business runs,” he says. Moreover, unlike other parts of the IT infrastructure that can be taken offline for longer stretches while dealing with bugs or viruses, taking down the servers at the center has to be done quickly so as not to harm a company’s operations.
Their automated GuardiCore CentraTM Security Platform solution works across different environments, including on premises, public cloud, and any hybrid in between. Customers use them to secure their IT assets, migrate workloads to the public cloud, and monitor hybrid environments, eliminating the need for establishing different individual solutions.
Their platform gives clients better visibility into the internal workings of the data centers to see who is talking to whom on the network, both historically and in real time, showing them what is happening in their apps, servers, and processes.
At its core, their product carries out segmentation policies between different parts of the servers, setting and settling who can and cannot talk to each other. This way by enforcing these policies, if an attacker is able to break into one of the servers, then they will be blocked from spreading and harming the rest of the system. If a breach does occur, their monitoring capabilities help them identify that an attacker has gotten inside and gives the client actionable data to analyze the threat, helping them to know which servers have been infected so that they can be quarantined and the viruses remediated.
“The idea [behind Centra] is to provide all of the features as a single automated platform for the data center environment that can threaten the business,” says Gurvich. ”It’s one system that covers vulnerabilities across the entire environment.”
Looking at their competition, two U.S.-based startups vArmour and Illumio have both launched products in the data center segmentation space. However while all three monitor traffic at the data center, following some cursory review of them, the similarities seem to end there with GuardiCore offering detection and response capabilities that the others do not seem to, giving them the edge for the time being.
Moving forward from this latest injection of cash, GuardiCore will look to add more features, improving their detection and segmentation capabilities. They will also look to ramp up their marketing efforts as well as seek to develop partnerships with other tech companies that will help them integrate their solution and provide a higher level of security for their clients.
With the participation from Cisco Investments, it would appear that this outreach is already underway. “Cisco is a strategic investor,” Gurvich tells Geektime. “A lot of clients are using Cisco in the data center environment and so teaming up with them made a lot of sense to us, both technically and business wise.”
It is worth noting that GuardiCore’s previous investors from Battery Ventures and 83North have doubled down, leading the Series B themselves. While it is always nice to take on new investors that come with new connections and resources, having existing investors who have an inside view of the inner workings of a company over a period of time deciding that your company is really worth it is a vote of confidence that demands notice.