Welcome!

News Feed Item

Area 1 Security Raises $2.5 Million for Threat Intelligence Mission

Seed Round Brings Together Influential Security Leaders and Big Data Visionaries

MENLO PARK, CA -- (Marketwired) -- 05/05/14 -- Area 1 Security, a security startup led by three former NSA leaders, today revealed it raised $2.5 million in seed funding. Area 1 Security is the first to deliver a security solution that eliminates targeted social engineering attacks by focusing on behavioral patterns of delivery systems. The company will use the funds to further develop and scale its threat intelligence product.

Investors in Area 1 Security's seed round include a range of security heavyweights and enterprise experts including, Ted Schlein, Kleiner Perkins Caufield & Byers; Cowboy Ventures; Data Collective (DCVC); First Round Capital; Allegis Capital; RedSeal Networks CEO and former Venrock partner Ray Rothrock; and Shape Security CEO Derek Smith.

Unlike most security companies that are focused on remediation following a cyber attack, Area 1 Security's solution uniquely addresses the first phase of targeted attacks that go after users, which currently goes unguarded. Founder and CEO Oren Falkowitz developed a team of former National Security Agency (NSA) officers, who previously focused on the intersection of computer network operations and big data analytics, to give Area 1 Security a unique advantage to deconstruct attacks. The three founders met while working at the NSA and together solved some of the most challenging security and data problems. After the NSA they held various positions at technology companies and gained commercial experience that helped them further identify the need for a threat intelligence system that leverages data gathered from behavioral patterns to prevent future attacks.

"Our team has worked on the cutting edge of data analytics and cyber security, delivering threat intelligence on some of the most sophisticated, targeted and prolific actors," said Falkowitz. "With this seed round, Area 1 Security will continue to develop and perfect our disruptive technology focused to eliminate targeted, socially engineered cyber attacks."

As the sensationalism around cyber attacks and data breaches increases, so does the cost of attacks against businesses. The average time to resolve an attack is 32 days, costing an average of $1,035,769 -- which translates to $32,469 per day. As a result, executives are losing their jobs and companies are scrambling for proper and effective security solutions. In 2013 alone, the median number of days attackers were present on a victim network before they were discovered was 229 days. And a phishing campaign of only ten messages saw a better than 90 percent chance of getting a click. Attackers are attaining better and faster results at a higher rate than defenders are improving their trade, yet enterprise solutions are regulated to clean up attacks rather than prevent them.

Waiting until an attack has reached its target, and relying on unspecific, untimely, and inaccurate information, enterprises are forced to investigate threats rather than take action limiting defense options. The difference in Area 1 Security's approach is the focus on strategic campaign behavior rather than tool mechanics to recognize attacks on the horizon. This results in the company receiving highly accurate data, with low false positives, which allows enterprises to efficiently utilize resources and act to prevent the next big attack.

"Area 1 Security's technology proactively identifies both known and unknown infection vectors before they impact your business," said Derek Smith, CEO of Shape Security. "Their unique threat intelligence approach gives companies a critical window of opportunity to prevent attacks, potentially saving enterprises millions of dollars. Combining Shape Security's product to protect web applications with Area 1 Security's technology to protect employees is a more powerful and complete solution than the industry has ever had."

About Area 1 Security
Based in Menlo Park, CA, Area 1 Security is developing threat intelligence product focused on eliminating targeted, socially engineered cyber attacks. Area 1 Security was founded by CEO Oren Falkowitz, security experts from NSA and MIT, and data analytics specialists from NSA and Disney. For more information, visit www.area1security.com.

Media Contact
Megan Grasty
(415) 963-4174x26
megan(at)highwirepr(dot)com

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
While DevOps most critically and famously fosters collaboration, communication, and integration through cultural change, culture is more of an output than an input. In order to actively drive cultural evolution, organizations must make substantial organizational and process changes, and adopt new technologies, to encourage a DevOps culture. Moderated by Andi Mann, panelists discussed how to balance these three pillars of DevOps, where to focus attention (and resources), where organizations might...
Amazon started as an online bookseller 20 years ago. Since then, it has evolved into a technology juggernaut that has disrupted multiple markets and industries and touches many aspects of our lives. It is a relentless technology and business model innovator driving disruption throughout numerous ecosystems. Amazon’s AWS revenues alone are approaching $16B a year making it one of the largest IT companies in the world. With dominant offerings in Cloud, IoT, eCommerce, Big Data, AI, Digital Assista...
After more than five years of DevOps, definitions are evolving, boundaries are expanding, ‘unicorns’ are no longer rare, enterprises are on board, and pundits are moving on. Can we now look at an evolution of DevOps? Should we? Is the foundation of DevOps ‘done’, or is there still too much left to do? What is mature, and what is still missing? What does the next 5 years of DevOps look like? In this Power Panel at DevOps Summit, moderated by DevOps Summit Conference Chair Andi Mann, panelists loo...
Artificial intelligence, machine learning, neural networks. We’re in the midst of a wave of excitement around AI such as hasn’t been seen for a few decades. But those previous periods of inflated expectations led to troughs of disappointment. Will this time be different? Most likely. Applications of AI such as predictive analytics are already decreasing costs and improving reliability of industrial machinery. Furthermore, the funding and research going into AI now comes from a wide range of com...
For organizations that have amassed large sums of software complexity, taking a microservices approach is the first step toward DevOps and continuous improvement / development. Integrating system-level analysis with microservices makes it easier to change and add functionality to applications at any time without the increase of risk. Before you start big transformation projects or a cloud migration, make sure these changes won’t take down your entire organization.
Internet of @ThingsExpo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devic...
We build IoT infrastructure products - when you have to integrate different devices, different systems and cloud you have to build an application to do that but we eliminate the need to build an application. Our products can integrate any device, any system, any cloud regardless of protocol," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA
21st International Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Me...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend 21st Cloud Expo October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
SYS-CON Events announced today that Ayehu will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on October 31 - November 2, 2017 at the Santa Clara Convention Center in Santa Clara California. Ayehu provides IT Process Automation & Orchestration solutions for IT and Security professionals to identify and resolve critical incidents and enable rapid containment, eradication, and recovery from cyber security breaches. Ayehu provides customers greater control over IT infras...
SYS-CON Events announced today that MobiDev, a client-oriented software development company, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software company that develops and delivers turn-key mobile apps, websites, web services, and complex software systems for startups and enterprises. Since 2009 it has grown from a small group of passionate engineers and business...
SYS-CON Events announced today that GrapeUp, the leading provider of rapid product development at the speed of business, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Grape Up is a software company, specialized in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market acr...
"We are a monitoring company. We work with Salesforce, BBC, and quite a few other big logos. We basically provide monitoring for them, structure for their cloud services and we fit into the DevOps world" explained David Gildeh, Co-founder and CEO of Outlyer, in this SYS-CON.tv interview at DevOps Summit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
SYS-CON Events announced today that Enzu will exhibit at SYS-CON's 21st Int\ernational Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive advantage. By offering a suite of proven hosting and management services, Enzu wants companies to focus on the core of their ...
DevOps at Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to w...