Real-time threat detection provider CounterTrack has closed its Series B financing round by adding $5 million to reach the total raise of $20 million.
In a statement CounterTrack said that the investment has come from Razor’s Edge Ventures, which has now joined an investment syndicate including Goldman Sachs, the Venture Capital unit of Siemens (SFS VC), Fairhaven Capital and OnPoint Technologies, the venture capital arm of the U.S. Army.
This additional investment will help the company continue to scale its business to meet customer and partner demand in the Federal sector, as well as continued Commercial sector penetration.
The company is experiencing unprecedented growth in 2014, driven by rising demand for its enterprise-class endpoint security platform, CounterTack Sentinel. With Sentinel, the company has delivered the most scalable enterprise endpoint security platform on the market.
The company also recently announced its CounterTack CyberPath Partner Program to enable channel, alliance and MSSPs to distribute Sentinel worldwide, and has received two additional patents, totaling six owned, for innovation built into Sentinel.
“Endpoint solutions are completely ineffective against the current cyber threat. Government organizations, commercial enterprises, Intelligence, defense and law enforcement organizations are demanding advanced solutions that provide real-time detection to counter cyber attacks. CounterTack’s Sentinel product meets that need,” said Mark Spoto, managing director, Razor’s Edge Ventures.