sb-au logo
Story image

Menlo Security closes $40m funding round to expand malware isolation tech

13 Dec 2017

Menlo Security has successfully closed a Series C funding round to the tune of US$40 million this week, bringing its total funding to $85 million.

The company provides malware isolation technology that does not require endpoint software and does not impact the user experience.

The company will use the fund to boost its sales and marketing team for its flagship product, the Security Isolation Platform.

The platform is able to act as a digital partition that isolates and execute all web content, email links and documents in the cloud. It then delivers a malware-free version of the content to employees’ computers.

The company has found success in many different countries and sectors, including in government, healthcare, technology and hospitality.

According to Menlo Security CEO Amir Ben Efraim, Menlo has a million customers with ‘zero infections to date’.

"This has given the market tremendous confidence in our solution. Customers are demanding more durable approaches to malware prevention versus a long legacy of solutions that remain perennially vulnerable to the latest attacks. This funding allows us to respond to this opportunity by continuing to expand our deployments globally to meet this growing demand, while delivering on our vision of eliminating the phishing, ransomware and malware risks from email, web and document downloads."

Menlo Security states that the industry is also taking notice of isolation technology. The company was named a ‘Cool Vendor’ in Gartner’s Cool Vendors in Security for Midsize Enterprises, 2017 report.

Gartner estimates that organizations isolating internet web browsing will experience a 70% reduction in attacks that compromise end-user systems,” the report says.

"By isolating the user's browsing activity on the public internet from the end user's device and from the rest of the enterprise's networks and systems, the ability of an attacker to establish a foothold, move laterally, breach other enterprise systems and exfiltrate data can be greatly reduced. Notably, browser isolation can thwart ransomware attacks, blocking the malware's ability to encrypt the user's files on their devices or in file shares, neither of which are directly accessible from the remote browser session.”

The latest funding round included existing investors such as JPMorgan Chase and new investors HSBC, Ericsson Ventures and American Express Ventures.

"Cybersecurity is a top priority for us. This investment is an example of how-as threats constantly evolve - we will continue to dedicate time and resources to the challenge, exploring innovative ways to protect our clients and staff,” comments HSBC head of Cyber Technology Tim Dawson.

"An environment free from malware is absolutely essential in fostering innovation, collaboration, and discovery," adds Albert Kim, head of Ericsson Ventures.

"At Ericsson, we seek to continuously improve our networking solutions, and state-of-the-art security is a key feature of global communication networks. We view Menlo's isolation technology as a way to make all networks more secure,” Kim concludes.

Story image
ForgeRock: Identity security crucial for healthcare providers
“A comparison of Australian data breaches against other markets indicates that Australia's healthcare sector may not be aware of the full number of data breaches it is incurring."More
Story image
Vulnerability discovered in DNS recursive resolvers that can be abused to launch DDoS attacks against any victim
Researchers have discovered a vulnerability in the implementation of DNS recursive resolvers that can be abused to launch disruptive DDoS attacks against any victim.More
Story image
Five wine-tasting tips that should be applied to network security
What does network visibility really mean? Much like a blind wine tasting, we need to keep an open mind and trust what data is telling us without being biased by previous results.More
Story image
Endace and Palo Alto Networks launch integration to empower security teams
“The combination of Cortex XSOAR’s powerful orchestration and automation capabilities with the rich network history recorded by the EndaceProbe Analytics Platform gives security operations access to the conclusive forensic evidence they need to respond quickly and accurately to threats.” More
Download image
Why shifting workforce demographics requires updated management
Globalisation; a younger workforce; remote working trends - the landscape of the modern workplace has changed forever. And businesses could be in for a shock if they don't manage it properly.More
Story image
Thycotic launches DevOps Secrets Vault solution for greater cloud security
“DevOps Secrets Vault is a cloud-based vault that balances the security and velocity that DevOps teams require for this growing part of the enterprise attack surface."More