Cyber threats aren’t to be taken lightly. It’s estimated that roughly 43% of small companies are “severely affected” by attacks taking advantage of unpatched exploits and that these attacks are the primary reason 60% of them go out of business. Worse, data breaches can go unnoticed for sixth months, on average, according to the Ponemon Institute. And cybercrime is projected to cause damage of over $6 trillion annually by 2021, up from $3 trillion in 2015.
That’s a wide target for cybersecurity firms like enSilo, which experienced more than 250% year-over-year revenue growth last year alone. The Tel Aviv- and San Francisco-based threat monitoring and remediation solutions provider today announced that it has raised $28 million in series B funding, bringing its total raised to over $60 million after a $13 million series A in 2017. The round was led by JVP, with participation from existing investors Lightspeed Venture Partners, Rembrandt Venture Partners, and OG Tech.
“Today’s growth and funding news validate enSilo’s strategy and put competitors on notice. If you cannot provide comprehensive security while also helping to contain the cost of incidents in…
