Infocyte, an enterprise malware and threat hunting technology leader based in San Antonio, announced that it closed its Series A funding round with a total of $3.4 million raised. LiveOak Venture Partners, an early-stage venture capital firm with more than $109M invested in Texas-based companies, led this funding round with a syndicate of other investors that include Feik Enterprises and Hollis Family Partnership.
In July 2016, the San Antonio Chamber launched Build Sec Foundry, an incubator located at Geekdom focused on supporting early-stage, high-growth startups in the product security space. Through the work of the Chamber’s CyberSecurity San Antonio initiative and unique partnerships with the 8020 Foundation and the Austin Technology Incubator (ATI), the Chamber created this cybersecurity incubator to serve as a support structure for new security startups forming out of San Antonio’s growing military, defense, and academic security ecosystem. Infocyte was the first startup admitted as a member of the Chamber’s Build Sec Foundry when the incubator launched last summer.
“Infocyte was a natural selection as our first member startup, as we have been working with their founders for the past two years to support the creation of the company ever since they transitioned from service out of Air Force cyber units located here in San Antonio,” said Will Garrett, Co-Founder at Build Sec Foundry and Director of the Chamber’s CyberSecurity San Antonio program. “It has been exciting working with their team to support taking their threat hunting product to enterprises across the nation and around the globe, and this round of funding will support the scaling of their operations to support growing customer demand for the product.”
With daily headlines detailing the latest hacks, many of which exist for years before discovery, and a stream of new threats finding ways to evade current security controls, organizations have begun adopting proactive practices to hunt for malicious software and users hidden in their networks.
Commonly known as threat hunting, until now this practice has been limited to the most sophisticated security professionals in the military and top tier financial institutions. The Infocyte HUNT™ platform automates the hunt process and reduces the skill set requirement, enabling any enterprise security or IT professional to rapidly find malware and advanced persistent threats (APTs) lurking within their network undetected.
“The truth is many companies are hacked and don’t even know it,” said Chris Gerritz, Founder of Infocyte. “Investors recognize that our progressive approach to automated enterprise threat hunting empowers organizations to be proactive in discovering and dealing with security breaches.”
As Build Sec Foundry continues to support new, early-stage security startups in San Antonio, this announcement by Infocyte displays the incredible talent, ecosystem, and opportunity that San Antonio’s cybersecurity ecosystem presents to founders as a top location to start and scale their security companies.