Submitted by Folake Dosu on Mon, 06/24/2019 - 02:55

cybersecurity-software-truefort-funding

To ward off data breaches, CIOs and CISOs are looking for greater visibility into core business applications, according to application behavior security analytics company TrueFort. 

The cybersecurity startup announced last Thursday that it has raised $13.7 million in Series A funding. Evolution Equity Partners led the round, which also saw participation from Lytical Ventures and Emerald Development Managers. Karthik Subramanian, partner at Evolution Equity Partners is joining the company’s board of directors as part of this financing round.

TrueFort plans to use this capital to support sales, marketing, R&D, customer support and go-to-market activities.

“TrueFort has developed a completely new approach for protecting companies against data breaches by securing the very software applications that execute business processes. It’s a unique, very powerful architecture that resonates with senior IT executives because it provides a compelling value proposition for preventing and containing security incidents.”

“TrueFort has developed a completely new approach for protecting companies against data breaches by securing the very software applications that execute business processes,” said Karthik Subramanian, partner at Evolution Equity Partners. “It’s a unique, very powerful architecture that resonates with senior IT executives because it provides a compelling value proposition for preventing and containing security incidents.”

TrueFort’s founders CEO Sameer Malhotra and CTO Nazario Parsacala have 18 years of shared work experience on their side, with stints at top global investment banks focusing on product development, security engineering and infrastructure management.

Described as a last line of defense against persistent threats, TrueFort’s software uses advanced analytics and machine learning to monitor over 100 end-to-end interdependencies, baseline application behavior and identify malicious activity in real-time. To ease adoption, the company has built partnerships and integrations with leading security and infrastructure product vendors so customers don’t have to rehaul their existing technology.

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