The Israeli company has developed software to investigate threats and rate the seriousness of cyber security alerts.
As reported in Globes:
Microsoft Corp. has acquired Israeli cyber security company Hexadite for $100 million, according to market sources.
Founded in 2014 by CEO Eran Barak, CTO Idan Levin and CPO Barak Klinghoffer, the company has raised only $10.5 million to date thus yielding a tenfold profit. Last year, the company raised $8 million in a Series A funding round from Hewlett Packard Ventures, Ten Eleven Ventures, and YL Ventures.
Hexadite’s cyber security solution helps IT staff rate and investigate the cyberattacks that confront them. The software probes alerts identified by the anti-virus and firewall system and rates the urgency with which they should be handled. This is vital in an age when there are growing numbers of alerts. In effect, Hexadite streamlines the threat identification system enabling staff to devote more time to the most serious threats.
According to the 2016 ASCS Threat Report, CERT Australia responded to almost 15 000 cyber security incidents affecting Australian businesses between July 2015-June 2016.