Seculert Receives Venture Capital Investment from YL Ventures

Funding will help Seculert take its Cloud-based Cyber Threat Management service global

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Seculert Cyber Threat Management

"Seculert Cyber Threat Management not only protects against the broadest range of malware and other types of cyber threats, it operates outside of the corporate network and therefore does not require any changes to existing network settings."

Tel Aviv, Israel (PRWEB) October 7, 2010

Seculert, the provider of a non-intrusive Security-as-a-Service (SaaS) offering that comprehensively detects cyber threats affecting corporate networks, announced today that it has received an investment from YL Ventures, a global venture capital firm.

Seculert's Cyber Threat Management is a subscription-based "in the cloud" service for enterprises, governments and service providers. It utilizes proprietary patent-pending technology that provides organizations with early detection of global cybercrime activity that may be endangering their network, together with detailed information related to the affected network domains. This service allows organizations to act swiftly and decisively in the event of a threat, in most cases blocking the malicious elements and averting significant data and monetary losses.

YL Ventures' Managing Partner, Yoav Andrew Leitersdorf, will be monitoring the investment. Mr. Leitersdorf sees an escalating need for easily deployable early malware detection and cyber threat management solutions at a time when companies worldwide are experiencing over $1 trillion per year in intellectual property loss due to data theft and cybercrime. He commented: "Seculert Cyber Threat Management not only protects against the broadest range of malware and other types of cyber threats, it operates outside of the corporate network and therefore does not require any changes to existing network settings. This unique approach enables customers to be up and running instantly without incurring any hardware, software or integration costs. This level of technological superiority combined with ease of deployment is unheard of in the security industry, where sales cycles typically last many months and involve significant infrastructure investments."

Complementary to traditional security solutions, Seculert provides an additional layer of security on top of an enterprise's existing security infrastructure. As a true Software-as-a-Service offering, Seculert Cyber threat Management does not require software installation at the customer site and does not affect network traffic or performance.

"Our vision is to improve the way enterprises protect their vital information assets. The Cyber Threat Management service can benefit thousands of customers across all industries and in all geographies. The investment from YL Ventures now makes that vision possible," said Ron Kraitsman, co-founder and Chief Executive Officer of Seculert. Alex Milstein, co-founder and Chief Operating Officer added: "YL Ventures is a venture capital firm founded by entrepreneurs for entrepreneurs and is therefore a terrific fit for us. Its global network of customer and partner contacts will be invaluable as we roll out our Cyber Threat Management service worldwide."

About Seculert

Seculert was founded by computer security veterans Ron Kraitsman, Alex Milstein, Aviv Raff and Dudi Matot in order to help corporations, governments and service providers detect cyber threats without the need for time-consuming and costly network integration efforts. The company has developed a breakthrough, patent-pending technology that provides early detection of a broad array of cyber threats affecting its customers' networks. Powered by this technology, Seculert's cloud-based Cyber Threat Management complements and strengthens enterprises' existing security infrastructure, enabling fast and cost-effective deployment without the need for new hardware, software or any changes to the corporate network. For more information, please visit http://www.seculert.com or email info(at)seculert(dot)com

About YL Ventures

YL Ventures is a global venture capital firm that was founded to address the changing venture capital financing landscape. The firm invests in high technology start-up companies and, within a short timeframe, brings them to market by introducing and marketing them to global strategic players. The fund combines its capital with deep engineering and market expertise, thereby facilitating a highly efficient model for technological innovation. For more information, please visit http://www.YLVentures.com or email pr(at)YLVentures(dot)com.

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