Sunday, June 20, 2021

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Prevailion: Closes Strategic Funding Round USA

  • Prevailion, a Woodlands, Texas-based global cyber adversary intelligence company, received a strategic funding round of undisclosed amount
  • The round – an expansion to the company’s initial Series A – was led by Allstate Strategic Ventures with participation from Accenture Ventures and Irongrey (SeAH)
  • The new investment follows a $10m Series A led by AllegisCyber Capital, a $2m seed round by DataTribe and a previous strategic investment by Legion Capital
  • The company intends to use the funds to further expand its usability, reporting and partner ecosystem by the end of 2021 and boost marketing and sales
  • Led by Karim Hijazi, founder and CEO, Prevailion provides an intelligence solution which detects cyber compromises within seconds of malware first landing on a network
  • This early warning detection capability allows organizations to stop attacks in their infancy before malware can progress to a more significant stage

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