Cybersecurity Startup ZecOps collects $3.5m

ZecOps, a San Francisco-based stealth mode cybersecurity startup, has closed a $3.5m in seed funding.

The round was led by KPN Ventures, with participation from Evolution Equity Partners, Plug and Play Silicon Valley, WISE Ventures, Array Ventures, and angel investors.

Headquartered in San Francisco, California with R&D based in Tel Aviv, Israel, the company was founded in 2017 by Zuk Avraham and his wife & co-founder Taly Slachevsky.

ZecOps’s products have already gained transaction despite being in stealth mode, landing well-known customers from the technology, finance and telecom segments. ZecOps is also working with law enforcement agencies, banks, critical infrastructure, tech, payment solutions and telecommunications business.

Following the investment, ZecOps said it will launch its products for general availability to help organisations hunt down attackers’ mistakes effectively.

“Through KPN’s cooperation with Zimperium, We have got to know Zuk as a clear thought leader in cyber security” said Herman Kienhuis, EVP and managing director at KPN Ventures “With ZecOps, he is taking on a new challenge: automating security breach analysis; we see great potential in enabling more companies to learn from attacks, generate new threat intelligence and substantially improve their security.”

The cybersecurity automation company claims to learn from attackers’ mistakes with the goal of discovering the course of action and objectives of entire campaign, burn the threat actors exploits & persistence mechanisms and increase the attacker’s campaign costs for targeting a protected company.

“Increased efficiencies gained from automation in security operations is an important area in cybersecurity where ZecOps have developed cutting edge technology,” Michal Pechoucek, partner at Evolution Equity Partners, added. “We believe the attributes of the ZecOps technology are unique and provide the company with a cutting edge advantage in the global marketplace. We welcome ZecOps and its team of seasoned cybersecurity professionals to our portfolio.”

Earlier this year, Evolution Equity Partners took part in Onapsis’ $31m Series C minority funding round. The company provides business-critical application cybersecurity and compliance.

Evolution also participated in SecurityScorecard’s $27.5m in its Series C round, which was led by Nokia Growth Partners. SecurityScorecard has solutions for vendor risk management, executive reporting, risk and compliance, private equity, cyber insurance and malware grader.

Copyright © 2018 RegTech Analyst

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