Deals

With $10M, Fortscale aims to simplify security analytics

The Fortscale team.

Above: The Fortscale team.

Image Credit: Fortscale

Fortscale promises to crank security analysts’ proficiency up several notches.

The Israeli security startup, which today announced $10 million in new funding, enables companies to uncover compromised user accounts. Its algorithms compare historical log data to current users’ actions to highlight suspicious behavior.

Fortscale’s current solution, Fortscale 1.0, remains in private beta. The company plans to launch its commercial product later this year.

“If the Fortune 1000 companies run advanced security analytics on users, they are running manual scripts and usually limited home-grown analytics on their [security information and event management software] or Splunk [log management software],” Fortscale CEO Idan Tendler told VentureBeat.

“Some customers run these analytics with Palantir [data analysis software], but usually they involve multi-million dollar projects, and not off-the shelf product” like Fortscale.

Intel Capital and Blumberg Capital led the $10 million investment in Fortscale. Existing investor Swarth Group also participated.

Fortscale will use the new funds to set up its new Silicon Valley headquarters and expand its Israeli R&D and analytics teams, the company said on Monday.

Fortscale was a “startup showcase” finalist at the O’Reilly Strata + Hadoop World 2013 conference in New York. The startup currently has job openings for a data scientist, security content research, and both backend and frontend engineers.