TrueFort Secures $13.7 Million in Series A Funding
Real-time application behavior analytics, control, and protection provider TrueFort has raised $13.7 million in a Series A funding round.
Founded in 2015, the New Jersey-based company provides an application behavior security analytics platform for comprehensive monitoring of servers, databases and other resources located in data centers, public/private clouds, containers, and more.
Leveraging advanced analytics and machine learning, the platform monitors end-to-end interdependencies and application behavior, and aims to detect malicious activity to keep core business applications protected from insider and/or advanced persistent threats.
TrueFort’s platform has been integrated with products from security and infrastructure vendors, to simplify adoption and extend the value of existing technology investments for applications stored both on-premises and in the cloud.
The company plans to use the newly secured funds to expand sales and marketing, but will also invest in R&D, customer support, and go-to-market activities.
The funding round was led by Evolution Equity Partners, but also saw participation from Lytical Ventures and Emerald Development Managers.
TrueFort also announced that Karthik Subramanian, partner at Evolution Equity Partners, is joining its board of directors.
“CIOs and CISOs are telling us the end-to-end visibility we provide into their core business applications eliminates a huge blindspot from both a security and regulatory/board-level reporting standpoint,” Sameer Malhotra, co-founder and CEO of TrueFort, said.
“This new round of funding will enable us to add the sales, marketing and technical resources we need to capitalize on a large, unaddressed market opportunity,” Malhotra continued.