Siemplify, a New York City-based provider of a security operations platform, raised $4m in funding.
Backers included 83North Venture Capital (formerly Greylock IL), David Strohm, Partner, Greylock Partners, Alex Pinchev, President of Global Sales and Marketing at Rackspace; formerly President of Global Sales, Services and Field Marketing at Red Hat, Alex Daly, formerly Founder and CEO at ArcSight, Tom Kilroy, Executive Vice President at Intel, and Moti Gutman, CEO at Matrix.
The company intends to use the funds to commercailly launch its solutions
Led by Amos Stern, CEO, Alon Cohen, vice president of research and development, and Garry Fatakhov, chief research officer, Siemplify has just emerged from stealth to provide a threat analysis platform that automatically correlates security alerts, identify and prioritize incidents, and graphically depict the complete threat chain, setting new standards for time-to-insight and time-to-remediate. The platform acts as a central hub linking an organization’s existing security, threat intelligence and risk management tools, including Splunk and popular SIEMs.
Multiple Fortune 50 companies in consumer packaged goods and financial services are currently piloting the platform in the U.S. as well as banking, telecommunications and pharmaceutical firms in Israel.
The company has R&D in Israel.