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Endpoint Security Innovator Ziften Raises $24 Million In C Round

By - Source: Toms IT Pro
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Austin-based Ziften Technologies announced that it raised $24 million in its C round. This was led by Spring Mountain Capital, with notable participation from previous lead investor Fayez Sarofim.

Ziften is a player in the emerging world of endpoint security (EPS), which encompasses agents providing visibility to PCs, mobile devices, and commercial machines such as point of sale (POS), kiosks and automatic teller machines (ATM). As major retailers, banks and government agencies have found that the current set of antivirus and malware tools are not enough to protect against professional hackers and significant data breaches.

According to the Mandiant 2015 M-Trends Threat Report, the average dwell time of hackers, or time in which malware and viruses were present on machines before being detected, was 205 days (or nearly seven months). What is most worrying is that 69 percent of organizations learned of a breach from outside entities such as law enforcement agencies.

Zifton CEO Charles LeaverZifton CEO Charles LeaverZiften's technology, unique for its extremely slim memory footprint and CPU load, offers continuous monitoring of and response to devices, leveraging information residing in Ziften's cloud-based threat intelligence. Protected machines can either be online (actively reporting) or off-network (not connected to the Ziften server). Ziften's flagship product, now in its fourth major release, has four key aspects: Prevent, Respond, Detect and Integrate (with other solutions such as SIEMs). A major point release is slated for the third quarter.

Key integration partners of Ziften include Lancope, ServiceNow and Splunk. Use cases of Ziften with these larger monitoring and management vendors include exposing endpoint security events to monitoring and service deck applications, as well as providing unique security information otherwise unavailable through existing security sensors.

To that point, Ziften is a top-tier Tera sponsor of Splunk's user conference taking place in September.

This round was greater than all prior rounds combined, which totaled $11.3 million over the past five years as reported by CrunchBase. According to CEO Charles Leaver, the investment will be used to accelerate global expansion, predominantly supporting Global 1000 organizations with an operating presence in North America.

Other vendors in this space include Andreessen Horowitz-funded Tanium Inc. and Bit9-CarbonBlack.