Central Exchange Facilitates a US$1.2M Funding of Singapore-based Startup Apvera
HONG KONG NOVEMBER 15, 2016- Central Exchange facilitated the startup’s closing of a US$1.2M round of financing announced today. The round is led by ACP and SPRING SEEDS Capital, followed by Asia-based Nest Ventures and muru-D.
The new funding will be used to develop and scale Apvera’s Insight 360 threat intelligence platform, and accelerate its go-to-market and sales execution efforts; increasing the platform’s ability to detect, prevent and predict warning signs associated with potential endpoint behavioral security threats.
“Thanks to the support we have received from governmental organizations such as SPRING Singapore, Singapore is the perfect location for us to build our business and expand it to new clients – not just in ASEAN, but also globally,” said Eric Meyer, CEO Apvera. “We would like to thank each of the investors who have validated our technology and have provided us with on-going guidance through this round of funding. For us, the next step is to deploy this capital in a structured way that will help us achieve a new level of global traction and scale.”
Given the ever-increasing scope and tenacity of targeted cyber-attacks on businesses, organizations and governments, Apvera diverges from the widely-accepted notion that advanced threat protection alone will be a vital aid in defending against advanced threats. Signature-based methods of threat detection, are no longer acceptable. Apvera is transforming the security industry through the application of user and entity behavior analytics, bringing real time endpoint profiling and anomaly detection leveraging advances in machine learning. The Apvera Insight 360 platform adopts an internal and external view, with lateral movement modelling of endpoint activities; combined with threat intelligence derived from within an organization’s perimeter. The self-learning, multi-dimensional behavioral analytics platform examines all user, endpoint, application and network activities, providing a comprehensive 360-degree view of the organization’s security posture.
In order to address emerging risk, organizations need access to the latest security models that can anticipate and respond immediately to any type of threat. Apvera is simplifying Cyber Security through use-case based packaged analytics that can pinpoint the exact security risk and then make an appropriate action in a timely and effective manner.
About Apvera
Apvera, a leader in automated threat intelligence solutions, is transforming the way organizations detect, prevent and predict real-time behavioural threat anomalies. Through user and entity behaviour analytics, Apvera Insight 360 profiles malicious and abusive activities that otherwise go unnoticed, and effectively consolidates and prioritizes threats identified applying actionable intelligence so organizations can quickly prevent or mitigate loss. Powered by machine learning, and advanced semantic computing, Apvera prioritizes threats, both external and internal, that pose the greatest business risk, enabling organizations to make rapid decisions on where to focus time and resources.
Visit us at http://www.apvera.com
About Central Exchange
Central Exchange is a platform connecting investors and startups. We have an established network of professional investors and promising early stage startups. For investors, we source and pre-screen startups according to their investment size and preferences for sectors and stages. For startups, we provide IR and other value added services. We also work on secondary trades upon request.
Visit us at http://www.centralexchange.com
