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Friday, 16 July 2021 11:54

Virsec completes $100 million Series C investment


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.

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