theDocumentId => 1335406 Prevailion Secures $10M Series A Investment Led By ...

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7/31/2019
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Prevailion Secures $10M Series A Investment Led By AllegisCyber

Previous Investor DataTribe Participates in Funding; Prevailion's "Time To Action" Technology Provides Breakthrough In Cyber Defense

Prevailion, a high-growth cybersecurity company transforming the way businesses approach risk discovery, evaluation and mitigation, today announced completion of its Series A funding led by AllegisCyber, a Silicon Valley and Maryland-based cybersecurity venture firm. Previous investor DataTribe, a global cyber foundry, also participated in this round. Prevailion raised its $2M seed round from DataTribe less than 12 months ago at the inaugural DataTribe Challenge.

“Prevailion’s unique technology materially changes the dynamic between defenders and attackers where time-to-action is essential to effective cyber defense. On average, cyber compromises are discovered 270 days after an initial breach, giving attackers a nine-month head-start on the defenders. Prevailion’s platform identifies breaches at the time of compromise, or even as an adversarial campaign is being prepared, with deep intelligence and zero false positives. Their technology is truly a breakthrough in cyber defense,” said Bob Ackerman, Founder and Managing Director of AllegisCyber and DataTribe co-founder.

“Prevailion’s experienced team has extensive roots from the NSA and CIA and is leading the world with their new class of cybersecurity compromise management teams. Given this expertise, their growth since inception is a testimony both to these capabilities and the markets’ demand for innovative ways to identify and counter cyber adversaries,” said Mike Janke, Prevailion board member and co-founder of DataTribe.

Funding Provides Opportunity To Create Tailored Intelligence Team, Add Senior Executives And Move To New Office In Columbia, Maryland

Prevailion is using the new funding to grow their executive ranks. In addition to investing in engineering and sales executives, Prevailion recently added an industry-leading Tailored Intelligence team that will be led by Adam Flatley, Vice President of Tailored Intelligence. Flatley will be joined by David Maynor, Senior Director of Intelligence Operations; Nate Winslow, Ph.D.,Technical Director of Intelligence Operations, and Danny Adamitis, Director of Intelligence Analysis. The Tailored Intelligence team brings a combined fifty-plus years of experience working in the academic, public, and private sectors. Their backgrounds include cybersecurity intelligence operations, penetration testing, malware reverse engineering, and model-based data analytics.

With the new funding, the company will also continue to grow their internal and external legal, policy, and operational expertise. Prevailion is promoting Elizabeth Wharton, Vice President of Strategy to Vice President of Operations and Strategy.

“I’m excited about adding AllegisCyber, a globally recognized cybersecurity investor, as a new investor and appreciate the continued support of seed investor, DataTribe. With this additional capital, and the changes in our executive ranks, we are uniquely positioned to deliver tailored intelligence that empowers risk-based decisions. Organizations with contagious ecosystems can now limit their exposure and avoid infection preemptively by using our intelligence platform,” said Karim Hijazi, Prevailion Founder and CEO.

Prevalion will also be expanding into new offices in Columbia, Maryland.

About Prevailion

Prevailion is a compromise intelligence company, transforming the way organizations approach risk mitigation and business decision-making. Through next-level tailored intelligence and a zero-touch platform, Prevailion provides a full view of confirmed evidence of compromise for customers and their partner ecosystems. To learn more about Prevailion, visit prevailion.com.

About AllegisCyber

AllegisCyber, based in Silicon Valley and Maryland, has pioneered an integrated cybersecurity investment platform spanning seed to early-growth cybersecurity companies. It’s the first venture firm focused exclusively on cybersecurity and data science and has been investing in cybersecurity for more than 15 years in the U.S and select international markets. The founder of AllegisCyber, Bob Ackerman is also the co-founder and board member of DataTribe, a global cyber foundry. The AllegisCyber team is replete with venture capital and start-up entrepreneurial veterans. The team has been described in industry press as the “Cyber’s Money Men” for its domain expertise and position. Current AllegisCyber investments include Area 1 Security, Callsign, CyberGRX, Dragos, eFileCabinet, SafeGuard Cyber, Shape Security, SIGNIFYD, Source Defense, Synack, and vArmour. For more information, please visit http://www.allegiscyber.com.

About DataTribe

DataTribe is a cybersecurity and data science startup studio that invests and co-builds next generational commercial software. The firm draws upon experienced technology and entrepreneurial teams from the world's most prestigious, high-stakes environments, including the international intelligence community and National Labs from U.S, Canada, UK and Australia. DataTribe is headquartered in Fulton, MD with offices in San Francisco, CA. For more information, please visit: http://www.datatribe.com

 

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