enSilo, which provides a data-exfiltration prevention platform, on Tuesday announced that it had raised $10M in Series A funding with Lightspeed Venture Partners leading the round and existing investor Carmel Ventures taking part .
The Israeli-based company said it would use the funding to expand its presence in the United States including relocating its headquarters to the West Coast. enSilo’s website said in addition to continued research and development of its platform it would use the funding to develop channel and technology partnerships.
“Time and time again organizations’ networks are infiltrated. We seek to shift the model from trying to block inbound threats to concretely stopping threat actors already on the inside from inflicting damage and stealing valuable data,” enSilo CEO Roy Katmor said in a press release.
enSilo, which officially came out of stealth mode in March 2015, in February was credited with discovering a privilege escalation vulnerability in Microsoft Windows, which, if exploited, enables a threat actor to complete control of a Windows machine.
enSilo offers what it says is a real-time targeted attack exfiltration prevention platform that instantly distinguishes legitimate connections from malicious ones.
Carmel Ventures General Partner Ronen Nir, who took part in enSilo’s seed round of $2-3M earlier this year said:
“At Carmel Ventures, we are excited to continue our long term partnership with the exceptionally talented founding team of enSilo that is already helping businesses protect their assets with its innovative data-exfiltration prevention solution. That shows just how eager the market is for this new approach.”