Austin, Texas, U.S.A.-based cloud-native runtime security company, Spyderbat, raises USD 10 million in recent funding. The Series A round took place on October 26, 2022. NTTVC led the financing for the firm. Meanwhile, LiveOak Venture Partners, Benhamou Global Ventures, and John McHale joined in the investment.
Purpose of funding for Spyderbat
With the latest proceeds from the Series A funding, Spyderbat seeks to accelerate product development.
It also has plans to fuel its go-to-market activities.
What the company’s officials have to say
CEO of Spyderbat, Marc Willebeek-LeMair, said, “As we grew closer to understanding the fundamental security concerns in cloud-native environments, we recognized the need for a brand-new approach. Traditional detection methods, along with the rate of change found in cloud-native environments, create inaccurate findings. Hence, it requires teams to investigate each with limited data. This leads to high volumes of interrupt-driven efforts that are inconclusive. DevOps and Platform Engineering teams need an accurate understanding of what is happening before automation can occur and a broader protection solution.”
In addition, Brian Smith, co-founder and the CTO of the company, said, “It is not about detecting individual activities that may or may not indicate a compromise. What separates Spyderbat is a complete understanding of runtime activities to recognize new workload behaviours or connect threat indicators to each other and their root cause. This context enables early detection and accuracy, with a thorough understanding of the intrusion that enables automation to block it.”
What the investor has to say
Fay Hazaveh Costa, Partner at NTTVC, said, “Spyderbat’s platform offers early cloud-native intrusion prevention. It is critical for enterprises in today’s complex and high-threat environment. We are looking forward to supporting the Spyderbat team and helping to fuel their next phase of growth.”
What the Client Support Software official has to say
Aldo Gonzalez, CTO at Client Support Software, said, “Spyderbat opens the doors to a new level of security and operational awareness. It identifies previous unknowns that require my attention, allowing me to easily see the whole picture and take action.”
About the company
The company was founded in 2019 by Brian Smith and Marc Willebeek-LeMair. The U.S.A-based Spyderbat provides cloud-native runtime security to customers with unprecedented precision in intrusion prevention and mitigation. Spyderbat is making threat prevention and security operation automation available with a platform for early, accurate, and thorough recognition of attacks.
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