TrueFort Gains $13.7 Million to Provide Data Breach Protection
Application behavior security analytics company TrueFort raised $13.7 million in a Series A funding round led by Evolution Equity Partners, with the participation of Lytical Ventures and Emerald Development Managers. As part of the financing round, Karthik Subramanian, partner at Evolution Equity Partners, will join the company’s board of directors.
Using advanced analytics and machine learning,TrueFort strives to prevent insider and advanced threats against financial services and other computer-intensive industries by monitoring over 100 end-to-end interdependencies. According to the company, it has partnered and integrated with security and infrastructure product vendors to make adoption easier, while extending the value of existing technology investments regardless of whether applications are based in an on-premises data center or the cloud.
The company plans to use the funds to expand sales, marketing, R&D, customer support, and go-to-market activities.