GuardiCore
What they do: Provide datacenter and cloud security tools.
Problem they solve: Data breaches threaten businesses and organizations of all types – Equifax, Home Depot, and the DNC could all speak to this. As the cost-per-breach continues to rise, new datacenter and cloud security threats continue to overwhelm enterprise IT teams.
According to Ponemon’s 2016 Cost of Data Breach, the average cost of a breach, which includes direct losses, cost of hiring experts to fix the problem, investigating the cause, setting up hotlines for customers, offering credit monitoring for victims, plus the cost of business lost due to customer mistrust, is now $4 million, up from $3.79 million only a year earlier.
According to GuardiCore, “dwell time,” or the length of time a threat can go undetected within a data center, is one of the chief drivers of rising data breach costs. The longer it takes to detect and contain a data breach, the costlier it becomes to resolve the destruction and loss.
Making matters worse, the typical enterprise network has become increasingly complex. “Volumes of information and massive internal, east-west traffic rates are spread across on-premises networks, public and private clouds, or a hybrid mix of all three.” IT needs tools that give it the ability to detect and respond to breaches faster and with greater intelligence.
How they solve it: GuardiCore provides real-time detection and response for datacenters and clouds, “reducing the time it takes for an organization to realize it has been hacked from months to minutes.”
Backed by $48M in funding, startup GuardiCore seeks to eliminate security threat *dwell time* http://wp.me/p330ZZ-it Click To TweetGuardiCore’s platform helps mid-to-large size companies and service providers:
- Detect and respond to breaches faster and more efficiently by relying on multiple detection methods that are centrally managed.
- Decrease response time via comprehensive incident analysis and automated responses.
- Deploy security and compliance controls deep inside the data center.
- Define, monitor, and enforce application-centric security policies for non-compliant traffic flows and unauthorized processes without impacting data center performance.
- Maintain comprehensive visibility and security even during cloud migrations
In addition to helping customers detect breaches inside their datacenters, GuardiCore also provides “deception defense.” That is, when a hacker does manage to make it inside a network, GuardiCore’s technology allows the company to simultaneously see every move a hacker is making, while also leaving enticing digital breadcrumbs to lead hackers away from the most important files.
Headquarters: Tel Aviv, Israel
CEO: Pavel Gurvich, who previously spent twelve years as a Cyber Security expert in the Israel Defense Forces (IDF), where he started as a programmer and eventually was responsible for managing 100 engineers at one of the IDF’s top R&D units, the clandestine Unit 8200.
Year Founded: 2013
Funding: $48 million in total funding. The most recent round, a $20 million Series B, was led by Battery Ventures and 83North (formerly Greylock IL) and joined by Cisco Investments. In July 2017, GuardiCore added $15 million as an extension to its Series B funding round. The additional investment came from TPG Growth and Greenfield Partners.
Competitors include: vArmour, Illumio, VMware (NSX), Palo Alto Networks, and Skyport Systems.
Customers include: Santander, OpenLink, Cellcom, and Schuberg Phillis.
Why they’re in the Big 50-2017: GuardiCore did well in all phases of the Big50-2017 competition – fundamentals, online voting, content challenge. The startup’s $35M Series B will help it compete in a crowded sector, a sector that is driven almost daily negative headlines about massive breaches hitting organizations of every size and in every industry. The Startup50 team also likes GuardiCore’s focus on eliminating “dwell time,” and the fact that the startup employs “deception defenses” to beat hackers at their own game.
