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
SYS-CON Events announced today that Taica will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Taica manufacturers Alpha-GEL brand silicone components and materials, which maintain outstanding performance over a wide temperature range -40C to +200C. For more information, visit http://www.taica.co.jp/english/.
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busine...
The session is centered around the tracing of systems on cloud using technologies like ebpf. The goal is to talk about what this technology is all about and what purpose it serves. In his session at 21st Cloud Expo, Shashank Jain, Development Architect at SAP, will touch upon concepts of observability in the cloud and also some of the challenges we have. Generally most cloud-based monitoring tools capture details at a very granular level. To troubleshoot problems this might not be good enough.
We all know that end users experience the Internet primarily with mobile devices. From an app development perspective, we know that successfully responding to the needs of mobile customers depends on rapid DevOps – failing fast, in short, until the right solution evolves in your customers' relationship to your business. Whether you’re decomposing an SOA monolith, or developing a new application cloud natively, it’s not a question of using microservices – not doing so will be a path to eventual b...
Enterprises have taken advantage of IoT to achieve important revenue and cost advantages. What is less apparent is how incumbent enterprises operating at scale have, following success with IoT, built analytic, operations management and software development capabilities – ranging from autonomous vehicles to manageable robotics installations. They have embraced these capabilities as if they were Silicon Valley startups. As a result, many firms employ new business models that place enormous impor...
SYS-CON Events announced today that SourceForge has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. SourceForge is the largest, most trusted destination for Open Source Software development, collaboration, discovery and download on the web serving over 32 million viewers, 150 million downloads and over 460,000 active development projects each and every month.
The next XaaS is CICDaaS. Why? Because CICD saves developers a huge amount of time. CD is an especially great option for projects that require multiple and frequent contributions to be integrated. But… securing CICD best practices is an emerging, essential, yet little understood practice for DevOps teams and their Cloud Service Providers. The only way to get CICD to work in a highly secure environment takes collaboration, patience and persistence. Building CICD in the cloud requires rigorous ar...
SYS-CON Events announced today that Dasher Technologies will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Dasher Technologies, Inc. ® is a premier IT solution provider that delivers expert technical resources along with trusted account executives to architect and deliver complete IT solutions and services to help our clients execute their goals, plans and objectives. Since 1999, we'v...
As popularity of the smart home is growing and continues to go mainstream, technological factors play a greater role. The IoT protocol houses the interoperability battery consumption, security, and configuration of a smart home device, and it can be difficult for companies to choose the right kind for their product. For both DIY and professionally installed smart homes, developers need to consider each of these elements for their product to be successful in the market and current smart homes.
In the fast-paced advances and popularity in cloud technology, one of the most critical factors revolves around concerns for security of your critical data. How to assure both your company and your customers they can confidently trust and utilize your cloud environment is most often top on the list. There is a method to evaluating and providing security that exceeds conventional modes of protecting data both within the cloud as well externally on mobile and other devices. With the public failure...
Transforming cloud-based data into a reportable format can be a very expensive, time-intensive and complex operation. As a SaaS platform with more than 30 million global users, Cornerstone OnDemand’s challenge was to create a scalable solution that would improve the time it took customers to access their user data. Our Real-Time Data Warehouse (RTDW) process vastly reduced data time-to-availability from 24 hours to just 10 minutes. In his session at 21st Cloud Expo, Mark Goldin, Chief Technolo...
SYS-CON Events announced today that MIRAI Inc. will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MIRAI Inc. are IT consultants from the public sector whose mission is to solve social issues by technology and innovation and to create a meaningful future for people.
Companies are harnessing data in ways we once associated with science fiction. Analysts have access to a plethora of visualization and reporting tools, but considering the vast amount of data businesses collect and limitations of CPUs, end users are forced to design their structures and systems with limitations. Until now. As the cloud toolkit to analyze data has evolved, GPUs have stepped in to massively parallel SQL, visualization and machine learning.
SYS-CON Events announced today that Massive Networks, that helps your business operate seamlessly with fast, reliable, and secure internet and network solutions, has been named "Exhibitor" of SYS-CON's 21st International Cloud Expo ®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. As a premier telecommunications provider, Massive Networks is headquartered out of Louisville, Colorado. With years of experience under their belt, their team of...
SYS-CON Events announced today that TidalScale, a leading provider of systems and services, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. TidalScale has been involved in shaping the computing landscape. They've designed, developed and deployed some of the most important and successful systems and services in the history of the computing industry - internet, Ethernet, operating s...