ZecOps Raises $10.2 Million Seed To Exploit Cyber-Attackers’ Mistakes

November 22, 2019 | News, Venture Capital
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Zecops, a cybersecurity automation company in stealth mode, learns from hackers’ mistakes to turn the tables on them.

Cybersecurity firm ZecOps received $10.2 million in seed funding from CEAS Investments, Evolution Equity Partners, KPN Ventures, Plug and Play Ventures, Stormbreaker Venture Group, and some angel investors.

CEO Zuk Avraham, previously chairman of mobile security firm Zimperium, and former CloudFlare engineer Taly Slachevsky founded the company in 2017. ZecOps is headquartered in San Francisco.

The cybersecurity startup raised $3.5 million in a previous seed round in August 2018.

ZecOps cybersecurity – modus operandi

According to the firm’s website, it analyses the cyberattacker’s mistakes to understand their objectives and strategy. It then burns their exploits and persistence mechanisms.

However, other defense mechanisms of the victim are usually unable to detect these errors, according to Avraham. But ZecOps uses these clues to provide organizations with an immediate view on who is the target and infected assets. It then automatically generates threat intelligence on the attacks.

ZecOps achieves all this through automated security breach analysis. “We have been very impressed with ZecOps’ capability to automate security breach detection, analysis, and response for the most commonly used operating systems,” said Herman Kienhuis of KPN Ventures. KPN is a telecom and ICT company in the Netherlands.

Other clients include managed tech service provider Trace3, telcos SmarTone, and Swisscom, and various carriers, governments, and defense agencies in North America, Europe, and Asia. The First International Bank of Israel was ZecOps’ first client.

Scope of the market

Meanwhile, the global cybersecurity market could grow from $150 billion in 2018 to $250 billion by 2023. Therefore, cybersecurity companies such as ZecOps have rich pickings in store.

[Related Story: FireEye Is Seeking a Private Equity Buyer, Hires Goldman Sachs as Advisor ]

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