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
"When you think about the data center today, there's constant evolution, The evolution of the data center and the needs of the consumer of technology change, and they change constantly," stated Matt Kalmenson, VP of Sales, Service and Cloud Providers at Veeam Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Cloud-enabled transformation has evolved from cost saving measure to business innovation strategy -- one that combines the cloud with cognitive capabilities to drive market disruption. Learn how you can achieve the insight and agility you need to gain a competitive advantage. Industry-acclaimed CTO and cloud expert, Shankar Kalyana presents. Only the most exceptional IBMers are appointed with the rare distinction of IBM Fellow, the highest technical honor in the company. Shankar has also receive...
Today, we have more data to manage than ever. We also have better algorithms that help us access our data faster. Cloud is the driving force behind many of the data warehouse advancements we have enjoyed in recent years. But what are the best practices for storing data in the cloud for machine learning and data science applications?
Andi Mann, Chief Technology Advocate at Splunk, is an accomplished digital business executive with extensive global expertise as a strategist, technologist, innovator, marketer, and communicator. For over 30 years across five continents, he has built success with Fortune 500 corporations, vendors, governments, and as a leading research analyst and consultant.
Bill Schmarzo, author of "Big Data: Understanding How Data Powers Big Business" and "Big Data MBA: Driving Business Strategies with Data Science" is responsible for guiding the technology strategy within Hitachi Vantara for IoT and Analytics. Bill brings a balanced business-technology approach that focuses on business outcomes to drive data, analytics and technology decisions that underpin an organization's digital transformation strategy.
DevOpsSummit New York 2018, colocated with CloudEXPO | DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City. Digital Transformation (DX) is a major focus with the introduction of DXWorldEXPO within the program. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term.
Headquartered in Plainsboro, NJ, Synametrics Technologies has provided IT professionals and computer systems developers since 1997. Based on the success of their initial product offerings (WinSQL and DeltaCopy), the company continues to create and hone innovative products that help its customers get more from their computer applications, databases and infrastructure. To date, over one million users around the world have chosen Synametrics solutions to help power their accelerated business or per...
DXWorldEXPO LLC announced today that ICOHOLDER named "Media Sponsor" of Miami Blockchain Event by FinTechEXPO. ICOHOLDER gives detailed information and help the community to invest in the trusty projects. Miami Blockchain Event by FinTechEXPO has opened its Call for Papers. The two-day event will present 20 top Blockchain experts. All speaking inquiries which covers the following information can be submitted by email to [email protected] Miami Blockchain Event by FinTechEXPOalso offers sp...
Sanjeev Sharma Joins November 11-13, 2018 @DevOpsSummit at @CloudEXPO New York Faculty. Sanjeev Sharma is an internationally known DevOps and Cloud Transformation thought leader, technology executive, and author. Sanjeev's industry experience includes tenures as CTO, Technical Sales leader, and Cloud Architect leader. As an IBM Distinguished Engineer, Sanjeev is recognized at the highest levels of IBM's core of technical leaders.
Digital Transformation is much more than a buzzword. The radical shift to digital mechanisms for almost every process is evident across all industries and verticals. This is often especially true in financial services, where the legacy environment is many times unable to keep up with the rapidly shifting demands of the consumer. The constant pressure to provide complete, omnichannel delivery of customer-facing solutions to meet both regulatory and customer demands is putting enormous pressure on...
@DevOpsSummit at Cloud Expo, taking place November 12-13 in New York City, NY, is co-located with 22nd international CloudEXPO | first international DXWorldEXPO 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 t...
When talking IoT we often focus on the devices, the sensors, the hardware itself. The new smart appliances, the new smart or self-driving cars (which are amalgamations of many ‘things'). When we are looking at the world of IoT, we should take a step back, look at the big picture. What value are these devices providing. IoT is not about the devices, its about the data consumed and generated. The devices are tools, mechanisms, conduits. This paper discusses the considerations when dealing with the...
SYS-CON Events announced today that IoT Global Network has been named “Media Sponsor” of SYS-CON's @ThingsExpo, which will take place on June 6–8, 2017, at the Javits Center in New York City, NY. The IoT Global Network is a platform where you can connect with industry experts and network across the IoT community to build the successful IoT business of the future.
DXWorldEXPO LLC announced today that Kevin Jackson joined the faculty of CloudEXPO's "10-Year Anniversary Event" which will take place on November 11-13, 2018 in New York City. Kevin L. Jackson is a globally recognized cloud computing expert and Founder/Author of the award winning "Cloud Musings" blog. Mr. Jackson has also been recognized as a "Top 100 Cybersecurity Influencer and Brand" by Onalytica (2015), a Huffington Post "Top 100 Cloud Computing Experts on Twitter" (2013) and a "Top 50 C...
Poor data quality and analytics drive down business value. In fact, Gartner estimated that the average financial impact of poor data quality on organizations is $9.7 million per year. But bad data is much more than a cost center. By eroding trust in information, analytics and the business decisions based on these, it is a serious impediment to digital transformation.