June 18, 2020
CounterCraft positioned to accelerate global growth with its cyber threat defense platform
June 17 2020 - London, Washington DC & San Sebastian - CounterCraft,a European cyber security software company, today announced it has secured $5 million in additional funding. The financing round was led by Adara Ventures,joined by new investors eCAPITAL and Red Eléctrica Group, with participation from existing investors including Evolution Equity Partners, ORZA, and Wayra(Telefonica’s Open Innovation Hub).
The CounterCraft Threat Deception platform uses ground-breaking security engineering for Threat Detection, Threat Intelligence and Threat Response. Key stakeholders get more time to respond to advanced and rapidly evolving threats. The platform continuously generates highly relevant threat intelligence elicited from threat actors. Defenders benefit as CounterCraft integrates with incident response workflows and proactively reconfigures defensive systems in real time to mitigate risks from ongoing attacks.
The platform comes prepared with a set of common use cases that can beautomatically deployed at the touch of a button, including:
● Remote Worker Protection - VPN abuse - Detection,Intelligence & Response
● Pre-Breach Activity - Detection, Intelligence & Response
● Spear Phishing Response - Intelligence & Response
● Lateral Movement - Detection, Intelligence & Response
CounterCraft was founded in 2015 by a team of cyber security specialists including CEO David Barroso, who led Telefonica’s security division. Alongside them is CSO Daniel Brett, a veteran of bringing new security technologies to market. From its San Sebastian (Spain) headquarters, CounterCraft serves clients across Western Europe and North America, with particular focus on national defense and intelligence departments, major financial institutions, and large enterprises.
David Barroso, CounterCraft’s CEO, says: “The CounterCraft solution fits seamlessly into existing security strategies. Fully integrated with the MITRE ATT&CK™ TTP classification project, the platform gathers high-quality intelligence through assets such as WiFi, SWIFT, email accounts & social media. Uniquely, the platform can automatically convert this harvested data into active responses. This puts CISOs back in the driving seat when defending. CounterCraft is necessary for any organization with an active defense stance.”
Alberto Gomez, Managing Partner, Adara Ventures adds: “We continue to be inspired by the combination of engineering ability and vision that CounterCraft has shown in defining a new category of defensive tool that responds to the current threat landscape. Nothing else we have seen effectively uses a Know-Your-Attacker stance to turn the tables on threat actors. We are now excited about CounterCraft’s prospects for expanding its presence with sophisticated, large clients in the U.S. and European markets.”
Dirk Seewald, Partner, eCAPITAL adds: “Cyber threat deception solutions promise to provide the highly sought-after efficiency and effectiveness in threat detection programs. By luring intruders into a digital twin of your companies' IT infrastructure, the quality of intelligence gathered increases tremendously.” Seewald expanded: “With CounterCraft we have a team of cyber security experts building the product they were looking for in their previous organizations' operational roles. Their customers love the product and the team. We are glad to be joining this group of renowned investors in this financing round.”
CounterCraft’s mission is to bring cyber threat defense to every organization. The CounterCraft Threat Deception Platform fits seamlessly into existing security strategies and delivers personalized, actionable intelligence to facilitate early threat detection, to accelerate incident response and to take proactive responses.Their award-winning solution uses powerful automation features to reduce operator workload while providing forward leaning cyber defenses.
CounterCraft focuses on Fortune 500 clients operating in the financial, critical infrastructure and government sectors. Founded in 2015, CounterCraft is present in London,Washington and Madrid, with R&D in San Sebastian, Spain.
Learn more www.countercraftsec.com or connect with us on
Adara Ventures is an early-stage Venture Capital firm, with over €180 million in capital, investing in the European Enterprise Digital technology across Europe’s Atlantic rim(Spain, Portugal, France, UK, & Ireland) in Early-Stage, Deep-Tech companies. It has a particular focus on Cyber security, Cloud Infrastructure,Data-driven Solutions and Applied A.I. Investments include Alien Vault (acquired by AT&T), Loopup (LSE:LOOP), Playgiga (acquired by Facebook), Stratio, 4iQ,Seedtag, and Scalefast.
Learn more www.adaravp.com
eCAPITAL is a venture capital firm that provides early to growth stage funding to technology companies in the fields of software &information technology, cyber security, industry 4.0, new materials and clean tech. Founded in 1999, eCAPITAL has a history of supporting entrepreneurs determined to build companies with lasting significance. Partnering with eCAPITAL means joining an international network of business leaders,entrepreneurs, technologists and potential partners. eCAPITAL is located in Germany, and currently manages funds with over EUR 220 million under management.
Learn more www.ecapital.vc
Red Eléctrica Group
Red Eléctrica Group is a global operator of strategic infrastructures that is deeply committed to sustainable development. The Group strongly believes in innovation as a driving force for a more sustainable future. For that reason, in 2019 the Group created a new company to promote innovation in the fields of electricity and telecommunications, aiming to create a global sustainable, technological and diverse innovation ecosystem.The company focuses its activity on the following high-impact areas: citizen centric solutions, information accessibility and transmission, renewable energy integration, energy storage and flexibility, a fully electrified society,development and smart management of assets and cyber security as a cross area.
Learn more www.ree.es
Wayra is the most global, technological and connected open innovation hub by Telefonica in the world. Wayra is present in 7 hubs with activity in 10 countries in Europe and Latin America, with a clear objective:help startups to scale. Wayra has a portfolio of over 400 startups and more than 100 startups are doing business with the company. The very best of them will have unparalleled access to a global network of 350 million customers and clients in 14 countries.
Learn more www.wayra.com/
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