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CounterTack Raises Another $10M for Behavior-Based Cybersecurity


DevicesEndpoints
CounterTack focuses on endpoint detection and response (photo by Brad Frost, CC BY 2.0)

A Boston-area cybersecurity company that has been around for over a decade has raised another $10 million in funding--this round to help it expand to Asia Pacific and do more business with the U.S. government.

CounterTack started in 2004 as NeuralIQ, based in Virginia. In 2011, it rebranded as CounterTack, after moving its headquarters to the Boston area. Last June CounterTack raised a $15 million Series C, which brought its total funding north of $50 million. The latest round means CounterTack has raised more than $60 million to date.

The company is focused on detection and response at the many endpoints--devices on a company's network--where cyberattacks can infiltrate or originate. "Advanced behavioral analysis" lets its technology filter more of the noise and set off fewer false alarms, according to the company.

The $10 million late-stage round was announced in a press release, Tuesday morning. The release didn't call out investors by name, but Term Sheet reports backers include TenEleven Ventures, Fairhaven Capital, Goldman Sachs, Razor's Edge, ManTech International, Siemens Venture Partners, Alcatel-Lucent, EDBI and Mitsui.

In August, CounterTack announced the appointment of Matthew Addington, formerly of Great Oak, to lead its federal business. His appointment was one of the top hires in Boston tech, listed by BostInno that month.

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