Spain-based CounterCraft, which builds b2b tools for gathering counterintelligence on progressing security risks, has actually closed a $5M Series A. The all cash round is led by Adara Ventures, with eCAPITAL and Red Eléctrica Group signing up with as brand-new financiers, and with involvement from existing backers including Evolution Equity, ORZA, and Wayra.
CounterCraft was established back in 2015 with the objective of helping security chiefs take a more proactive defense position. The founders went through Telefonica’s Wayra Madrid accelerator– and went on to raise a$
1.1 M seed round, back in 2016. While its early focus was on the European market, the start-up has expanded to serve customers throughout Western Europe and The United States And Canada– with particular focus on nationwide defense and intelligence departments, major financial institutions, and big enterprises.
We comprehend they have 20 consumers at this stage. The new funding will be utilized to construct out CounterCraft’s business in the United States, per Adara Ventures. Discussing the Series A in a statement, Alberto Gomez, handling partner at the VC company said: “We continue to be influenced by the mix of engineering ability and vision that CounterCraft has shown in specifying a brand-new classification of defensive tool that reacts to the existing danger landscape. Absolutely nothing else we have actually seen effectively uses a Know-Your-Attacker position to turn the tables on hazard actors. We are now excited about CounterCraft’s potential customers for expanding its existence with advanced, big customers in the U.S. and European markets.”
CounterCraft’s core item is what it expenses as a “Risk Deceptiveness platform”– supporting its customers’ security function by contributing to 3 areas: hazard action, detection and intelligence; and by using misleading techniques as a lure to collect better intelligence on hazards and enemies for a smarter response.
The platform offers a set of typical usage cases that can be instantly released without further setup– including ‘Remote Employee Defense’; Pre-Breach Activity; Sphere Phishing Response; and Lateral Movement– with the three strands of ‘detection, action and intelligence’ covered for all use cases.
The platform is also designed to incorporate with clients’ incident action workflows, and has the capability to reconfigure defensive systems in genuine time to alleviate dangers from ongoing attacks.
CEO David Barroso notes, for instance, that CounterCraft’s platform is totally integrated with the MITRE ATT&CK ™ TTP classification task.
In terms of intelligence gathering Barroso states it mines properties such as WiFi, SWIFT, e-mail accounts and social media. “Distinctively, the platform can automatically convert this collected data into active responses. This puts CISOs back in the driving seat when safeguarding,” he added in a declaration.
Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.