Attivo Networks receives strategic investment from Energy Impact Partners

Attivo Networks, a provider of cybersecurity threat detection software, has received a strategic investment from Energy Impact Partners.

The value of the deal was not disclosed, and Energy Impact Partners has become the first strategic investor into the cybersecurity startup, it said.

With the new funds, Attivo Networks will look to expand its portfolio of energy sector-specific deception technology, as well as boost its go-to-market strategies to increase usage around the world.

The cybersecurity company offers deception technology which is based on decoys and lures to detect and misdirect any malicious activity within a network. Decoys are integrated within operational technology environments and appear identically to industrial control systems and supervisory control and data acquisition systems.

In doing this, the attacker reveals their presence if they make the wrong move and security teams are alerted. When alerted, the technology uses its attack analysis engine to automate the process of gathering threat intelligence, correlating attack data and responding to the alert. Through this, teams can lower costs and times on investigations.

Attivo Networks CEO Tushar Kothari said, “Operational technology environments present their own unique set of challenges associated with securing devices, which often cannot run anti-virus software, be patched, or are simply not designed to be interconnected,”

“Deception technology provides early detection and misdirection of in-network threat actors attempting to tamper with operational technology environments. Attackers will unknowingly attempt to compromise a decoy asset, providing the highest caliber alert backed by the adversary intelligence required to quickly isolate and remove the threat.”

Last year, Attivo Networks received an undisclosed investment from investors including Singtel Innov8, Bain Capital Ventures, Omidyar Technology Ventures, and Trident Capital Cybersecurity. The funds were raised to support its expansion into the Asia Pacific market.

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research


The following investor(s) were tagged in this article.