Stealth Security Inc., a cybersecurity startup, has announced that it has raised an USD 8-million Series A round led by Shasta Ventures, the company said.
Created and managed by a team of former PayPal, Cisco and Symantec senior executives, Stealth Security will use the USD 8-million funding round to address the growing challenge of detecting and mitigating today´s increasingly sophisticated bots, which current defense solutions fail to address.
The increased frequency, sophistication and cost of automated attacks have created a growing market for better security tools. CSOs and CIOs are particularly concerned about damage from automated bots and scrapers, and they´re willing to invest more to fix the problem.
Using real-time network analysis, machine learning, threat intelligence and behavioral analytics Stealth Security accurately detects and mitigates bot attacks without affecting legitimate user traffic. Unlike other options Stealth´s products are designed to be modularly deployable into an existing security stack. Protecting over 100 million accounts at Fortune 100 companies today, Stealth Security is headquartered in Silicon Valley and backed by Shasta Ventures, along with a host of other prominent investors.