CounterTack Secures $9.5 Million Series A Funding to Launch the Industry’s First In-progress Attack Intelligence and Response Solution
WALTHAM, Mass., Nov. 17, 2011 /PRNewswire/ — CounterTack, the industry’s first and only provider of in-progress cyber attack intelligence and response solutions, today announced it has secured $9.5 million in a Series A funding round led by Fairhaven Capital and a private group of investors. Formerly known as NeuralIQ, CounterTack was born out of the critical need for enterprise and government organizations to approach security in a completely different way – combating advanced persistent threats with a new line of defense. CounterTack offers the fastest detection and deepest attack intelligence available, enabling customers to take control over the impact of the attack while it’s happening.
CounterTack named Neal Creighton as CEO, who will lead a veteran executive leadership team, including founder and chief architect Alen Capalik. John Worrall has been named executive vice president of product management and marketing and John Adams as chief technology officer. Rounding out the executive management team is Robert Potter, senior vice president of sales, and Jim Harrison, chief financial officer. For additional details on CounterTack’s leadership team, please see here.
“CounterTack is the culmination of NeuralIQ’s ground-breaking innovation and advanced development of intelligence and active defense tools for cyber security,” said Neal Creighton, CEO of CounterTack. “By applying virtualization technology to information security, CounterTack will bring to market unprecedented levels of network intelligence to identify and mitigate the impact of in-progress cyber attacks.”
CounterTack’s mission is to solve information security’s most critical problem: threats that have already penetrated traditional, layered defense mechanisms to invade commercial and government networks.
“Today’s most sophisticated cyber threats can easily circumvent the most up-to-date and advanced security solutions currently in the market,” said Retired Admiral William J. Fallon, chairman of CounterTack’s board of directors. “Human attack vectors have rendered the traditional walled-fortress approach to network security about as effective for enterprise as the Maginot Line was during World War II. For that reason, CounterTack is taking a completely different tack to information security that will offer true visibility into in-progress attacks, while affording targets of cyber crime and espionage an opportunity to actively respond in real-time.”
As former head of both U.S. Central Command and U.S. Pacific Command, Admiral Fallon has gained insight into the role of cyber security in protecting our nation’s most sensitive communications and critical assets.
“Despite $32 billion spent annually on cyber security products, hackers are still getting through the gates, costing business more than $7 million dollars per breach on average,” said Mark Hatfield, partner at Fairhaven Capital. “CounterTack’s application of virtualization technology to information security is about to change that equation dramatically by putting government and enterprise a step ahead of would-be hackers.”
CounterTack, the industry’s first and only in-progress attack intelligence and response solution was born out of the critical need for enterprise and government organizations to approach security in a completely different way – combating advanced persistent threats with a new line of defense. Each year, more than $32 billion is spent worldwide on security technologies, yet motivated cyber attackers are still finding ways to penetrate the most sophisticated, layered defenses. CounterTack solves this problem by offering the fastest detection and deepest attack intelligence available, enabling customers to actively engage with the attacker and take control over the impact of the attack – even while it’s happening.
Founded as NeuralIQ, the company re-launched as CounterTack in 2011, building upon the vision and innovation of NeuralIQ. Based in Waltham, Mass., the privately held company is backed by Fairhaven Capital and a group of private investors.