Category Sponsorship Banner Left

Category Sponsorship Banner Right

Category Sponsorship Banner Middle

Friday, 16 July 2021 11:54

Virsec completes $100 million Series C investment

By

Cyber security firm Virsec says its reputation and commitment to cybersecurity innovation has attracted more than 70 investors and advisors from the public sector, and claims that its security platform immediately blocks sophisticated attacks.

Virsec has announced it received a $100 million Series C investment from industry players and company builders, with the completion of the round bringing total funding to $137 million.

Virsec has assembled a pool resources to greatly expand its team, and accelerate its innovations. This comes amidst an executive order from the White House that maintained the improvement of cybersecurity, as well as the call of private sector leaders to expand cybersecurity advancement and collaboration for the purposes of national and economic defence.
 

Virsec says its Virsec Security Platform (VSP) stops sophisticated attacks at the first point of insurgence, so an adversary does not have the dwell time in software to orchestrate and execute their malicious plans.

Virsec claims VSP is the only solution that can truly eradicate threats to the software workload at runtime, in real-time, while reducing the cost of security operations.

“The world runs on software, and with the onslaught of damaging attacks to it, the world is also in a cyber crisis. That is why Virsec developed an unprecedented, radical, and multi-patented approach to fully protect software while it is executing, regardless of its environment,” says Virsec chief executive officer Dave Furneaux.

“We are able to provide our customers a golden image of their software, bugs, and all, and therefore we detect and stop attacks before they happen,” Furneaux says.

“This is the type of game-changing technology that the market immediately needs. We are extraordinarily grateful for the community of investors, advisors, and security practitioners that have assembled around the company to help us achieve our mission,” he adds.

Some of Virsec’s Series C investors include Cisco former chairman and CEO John Chambers, EMC former chairman and CEO Mike Ruettgers, and former high-ranking government and intelligence officials.

Led by BlueIO, the round also includes Allen & Company, Arena Holdings, Intuitive Venture Partners, JC2 Ventures, Artiman Ventures, Quantum Valley Investments, and Marker Hill Capital.

With more than 50 patents, Virsec claims it provides the first and only application-aware workload protection platform that incorporates system integrity assurance, application control and memory protection into a single solution.

The Virsec solution maps the expected performance of each application on a workload and protects the memory those applications use to execute. Virsec says it ensures that the components of those applications are correct and unmodified before they are allowed to execute, and any deviation from the norm is treated as a threat.

“Clearly, cybersecurity products are not working well enough. Judging by the response from leading edge enterprises, Virsec is a business with a completely differentiated protection first approach to solving the cybersecurity crisis. Virsec stands alone amidst a sea of similar security companies,” says Ruettgers.

“Traditional and legacy security solutions are simply not enough to protect organisations from the extremely advanced attacks we are seeing today,” declares Chambers. “This is why I decided to invest in Virsec. We are at an inflection point in cybersecurity and Virsec does what is needed: fully protect application workloads at runtime before an attacker can even make a move.”

“The future of cybersecurity resilience for all enterprises includes fully protecting software. Virsec has the capability to fully protect software in the workload in an automated and enterprise-friendly way,” concludes MassMutual, AETNA, and JP Morgan former chief information security officer Jim Routh.

“Their runtime, high-performance protection technology is well thought-out from a deployment and operational perspective. Virsec is leading this emerging workload protection market with technology to alert and fully protect software in real time,” Routh says.


Subscribe to ITWIRE UPDATE Newsletter here

GRAND OPENING OF THE ITWIRE SHOP

The much awaited iTWire Shop is now open to our readers.

Visit the iTWire Shop, a leading destination for stylish accessories, gear & gadgets, lifestyle products and everyday portable office essentials, drones, zoom lenses for smartphones, software and online training.

PLUS Big Brands include: Apple, Lenovo, LG, Samsung, Sennheiser and many more.

Products available for any country.

We hope you enjoy and find value in the much anticipated iTWire Shop.

ENTER THE SHOP NOW!

INTRODUCING ITWIRE TV

iTWire TV offers a unique value to the Tech Sector by providing a range of video interviews, news, views and reviews, and also provides the opportunity for vendors to promote your company and your marketing messages.

We work with you to develop the message and conduct the interview or product review in a safe and collaborative way. Unlike other Tech YouTube channels, we create a story around your message and post that on the homepage of ITWire, linking to your message.

In addition, your interview post message can be displayed in up to 7 different post displays on our the iTWire.com site to drive traffic and readers to your video content and downloads. This can be a significant Lead Generation opportunity for your business.

We also provide 3 videos in one recording/sitting if you require so that you have a series of videos to promote to your customers. Your sales team can add your emails to sales collateral and to the footer of their sales and marketing emails.

See the latest in Tech News, Views, Interviews, Reviews, Product Promos and Events. Plus funny videos from our readers and customers.

SEE WHAT'S ON ITWIRE TV NOW!

BACK TO HOME PAGE
Kenn Anthony Mendoza

Kenn Anthony Mendoza is the newest member of the iTWire team. Kenn is also a contributing writer for South China Morning Post Style, and has written stories on Korean entertainment, Asian and European royalty, Millionaires and Billionaires, and LGBTQIA+ issues. He has been published in Philippine newspapers, magazines, and online sites: Tatler PhilippinesManila BulletinCNN Philippines LifePhilippine StarManila Times, and The Daily Tribune. Kenn now covers all aspects of technology news for iTWire.com.

Share News tips for the iTWire Journalists? Your tip will be anonymous

WEBINARS ONLINE & ON-DEMAND

GUEST ARTICLES

VENDOR NEWS

Guest Opinion

Guest Reviews

Guest Research

Guest Research & Case Studies

Channel News

Comments