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Security decoy startup CounterCraft closes $5M Series A

Security decoy startup CounterCraft closes $5M Series A

Spain-based CounterCraft, which builds b2b instruments for gathering counterintelligence on evolving safety threats, has closed a $5M Series A. The all money spherical is led by Adara Ventures, with eCAPITAL and Red Eléctrica Group becoming a member of as new traders, and with participation from current backers together with Evolution Equity, ORZA, and Wayra.

CounterCraft was based again in 2015 with the goal of serving to safety chiefs take a extra proactive protection stance. The founders went by Telefonica’s Wayra Madrid accelerator — and went on to lift a $1.1M seed spherical, again in 2016.

While its early focus was on the European market, the startup has expanded to serve purchasers throughout Western Europe and North America — with specific concentrate on nationwide protection and intelligence departments, main monetary establishments, and enormous enterprises.

We perceive they’ve 20 prospects at this stage. The new funding can be used to construct out CounterCraft’s enterprise within the US, per Adara Ventures .

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Commenting on the Series A in an announcement, Alberto Gomez, managing accomplice on the VC agency stated: “We proceed to be impressed by the mixture of engineering potential and imaginative and prescient that CounterCraft has proven in defining a brand new class of defensive device that responds to the present menace panorama. Nothing else now we have seen successfully makes use of a Know-Your-Attacker stance to show the tables on menace actors. We are actually enthusiastic about CounterCraft’s prospects for increasing its presence with refined, massive purchasers within the U.S. and European markets.”

CounterCraft’s core product is what it payments as a “Threat Deception platform” — supporting its prospects’ safety operate by contributing to 3 areas: menace detection, intelligence and response; and through the use of misleading methods as a lure to assemble higher intelligence on threats and attackers for a better response.

The platform gives a set of widespread use circumstances that may be routinely deployed with out additional configuration — together with ‘Remote Worker Protection’; Pre-Breach Activity; Sphere Phishing Response; and Lateral Movement — with the three strands of ‘detection, intelligence and response’ lined for all use circumstances.

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The platform can be designed to combine with prospects’ incident response workflows, and has the flexibility to reconfigure defensive techniques in actual time to mitigate dangers from ongoing assaults.

CEO David Barroso notes, for instance, that CounterCraft’s platform is totally built-in with the MITRE ATT&CK TTP classification challenge.

In phrases of intelligence gathering Barroso says it mines belongings similar to WiFi, SWIFT, e mail accounts and social media. “Uniquely, the platform can routinely convert this harvested knowledge into lively responses. This places CISOs again within the driving seat when defending,” he added in an announcement.

EditorialTeam

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