CounterTack Announces $20M Series D Growth Round of Funding Led by Singtel Innov8 and SAP NS2

WALTHAM, Mass.–CounterTack, the exclusive provider of the industry’s one true behavior and memory-based Endpoint Threat Platform (ETP) for the enterprise, today announced that it has raised $20 million in growth funding. The Series D round is led by new CounterTack investor Singtel Innov8 (venture capital arm of The Singtel Group), along with SAP National Security Services (SAP NS2 ™), also a new investor in CounterTack, and follow-on investment from existing CounterTack investors.

The funding will be leveraged to fuel CounterTack’s explosive growth and global expansion in the burgeoning cybersecurity market, where CounterTack is fast-becoming the only enterprise-class endpoint security platform that cyber teams can build on, to lever dynamic capabilities beyond the endpoint. Gartner estimates that the cybersecurity market is growing at an annual average of 8% in overall revenue.¹

CounterTack’s unique approach to endpoint security has helped the company penetrate enterprise, Federal and APAC markets competitively with its Endpoint Threat Platform, a market-leading endpoint detection and response (EDR) solution. The platform approach eliminates ‘multi-agent syndrome’ for teams to simplify security with its hyper-converged sensor to detect and kill advanced threats like WannaCry. Since its introduction to the market post Series A raise in 2011, CounterTack has seen tremendous growth across its product portfolio, helping accelerate its capability to protect global organizations from advanced cyberattacks.

“We are excited to partner with CounterTack to support the delivery of truly innovative endpoint security technology on a global scale,” said Jeff Karras, managing director, Singtel Innov8. “CounterTack takes a differentiated approach to protecting large organizations from attacks like ransomware and other advanced threats. Their track record in delivering innovative endpoint security to customers worldwide is spectacular. We are happy to be part of their continued growth.”

“We’re thrilled to team up with CounterTack and to be adding them to our syndicate of portfolio companies in the cybersecurity space,” said Andrew Drake, vice president, strategic investments, at SAP NS2. “We are also enthusiastic about the market opportunity to integrate our best of breed technologies strategically, to deliver unprecedented scale across multiple customer use cases.”

CounterTack’s Endpoint Threat Platform delivers full-spectrum endpoint security, including advanced Endpoint Detection and Response (EDR) capabilities, leveraging behavior analysis and machine-learning to neutralize threats at-scale to maintain business resiliency against targeted attacks. For CISOs, the platform reduces the need for multiple security agents. And with over 250 customers protected across massive endpoint environments worldwide, CounterTack reduces the time from detection to remediation to secure enterprise systems.

This funding announcement comes on the heels of recent CounterTack milestones so far in 2017:

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