- Illusive Networks, a NYC and Tel Aviv, Israel-based provider of active cyber defense and deception solutions, raised $24m in Series B1 round of funding
- Backers included Spring Lake Equity Partners, Marker, New Enterprise Associates, Bessemer Venture Partners, Innovation Endeavors, Cisco, Microsoft, Citi and others
- The company also intends to use the funds to accelerate its next phase of growth driven by a go-to-market strategy that focuses on sales and marketing expansion
- Illusive Networks reduces cyber risk by shrinking the attack surface and stopping attacker movement
- Then the solution creates a hostile environment for attackers, depriving them of the means to progress towards critical assets after breaching the perimeter
- The company has also hired Bob Horn, chief revenue officer; Nicole Bucala, vice president of business development; and Claire Trimble, chief marketing officer
