Wednesday, July 22, 2015

WireX Raises $9.3 Million for Cyber Forensics

WireX, a start-up based in Israel, raised $9.3 million for its network forensics solution.

The WireX Network Forensics platform continuously analyses all parts of the enterprise network and creates a comprehensive source of intelligence for security operations. WireX core technology, the Layer 8 Contextual Analysis automatically reveals the entire set of actions performed within each application and its associated contents. When a malicious activity is detected in the network, the big data platform correlates the analyzed data into a complete “network story” required to handle the incident, thus minimizing exposure time to threats.

The funding round was led by Vertex Venture Capital, with participation from existing investor Magma Venture Capital, Entrée Capital and the entrepreneurs and private investors Mickey Boodaei, co-founder of Imperva and Trusteer, Rakesh Loonkar, co-founder of Trusteer, and Idan Plotnik, founder of Aorato (acquired by Microsoft). Funding will be used to expand the Israeli-based R&D center and establish headquarters in the US.

"Organizations today are under constant pressure to identify successful attacks and respond quickly to minimize damage”, says WireX CEO, Tomer Saban. “While the ability to detect a suspicious network activity exists, the major challenge is to understand what the alert stands for and how to best respond. The reality is that existing forensics tools are too complicated to operate and require extensive know-how in both networking and security. The WireX platform solves this by automating analysis efforts to enable even entry level teams to resolve security incidents just like top level analysts.