Story image

Microservices firewall firm Alcide raises $7m for expansion

22 Nov 2018

An Israel-based cybersecurity firm has raised $7 million in Series A funding just seven months after launching its platform.

Alcide is a provider of Microservices Firewall for application networking security. Its cloud-native platform secures many cloud architectures commonly used in today’s cloud-native world.

Because those architectures comprise different applications, architecture, and infrastructure, each have their own unique needs, requirements and security protocols.

Alcide’s Microservices Firewall brings best-of-breed application-aware microsegmentation, always on threat intelligence, powered by Alcide’s embedded policies enforcement capabilities.

Its funding round was led by new investors CE Ventures, and also has the backing of Intel Capital and Elron. The funding is the latest in a series of achievements for Alcide: in December 2017 the company raised $5.2 million in seed funding.

“We’re excited to use this funding to bring our Microservices Firewall to new markets and expand our sales and marketing teams, on the leading edge of the cloud-security revolution,” comments Alcide CEO and cofounder Ranny Nachmias.

The funding will also be used to support Alcide’s expansion into the United States and EMEA markets, as well as to support the company’s go-to-market strategy.

“We are excited to support the Alcide team as they address the current market need for a new kind of a cloud firewall,” says CE Ventures partner Ben Weiss.

“Alcide’s Microservices Firewall provides discovery of infrastructure and application dependencies, as well as difficult-to-obtain enforcement of unified security controls, wrapped up in a simplified security platform.”

Alcide’s machine-learning-driven Firewall supports developers and security teams with a unified, automated and simple way to manage cross-cloud security, empowering them to define, apply and enforce embedded security policies across clouds for continuous governance, risk and trust assessment.

With Alcide embedded firewall policies deployed, developers are now able to whitelist their security requirements at design time and automatically enforce them at runtime.

“We built Alcide as a security solution that can enforce unique app-based security policies across all services, uniformly and automatically, but can also address the real need of security and DevOps teams to have one consolidated and comprehensive approach that includes the network, applications and external services,” comments Nachmias.

"As cloud adoption continues to grow rapidly, businesses are faced with new security blind spots inherent in distributed environments," comments Intel Capital vice president Anthony Lin. "Alcide's unified security solution helps to address these risks by enabling businesses to uniformly secure and control their environments - regardless of their cloud provider, workload or third-party services.”

Alcide was also named was named a Gartner Cool Vendor for Cloud Security in May 2018.

Industrial control component vulnerabilities up 30%
Positive Technologies says exploitation of these vulnerabilities could disturb operations by disrupting command transfer between components.
McAfee announces Google Cloud Platform support
McAfee MVISION Cloud now integrates with GCP Cloud SCC to help security professionals gain visibility and control over their cloud resources.
Scammers targeting more countries in sextortion scam - ESET
The attacker in the email claims they have hacked the intended victim's device, and have recorded the person while watching pornographic content.
Cryptojacking and failure to patch still major threats - Ixia
Compromised enterprise networks from unpatched vulnerabilities and bad security hygiene continued to be fertile ground for hackers in 2018.
Princeton study wants to know if you have a smart home - or a spy home
The IoT research team at Princeton University wants to know how your IoT devices send and receive data not only to each other, but also to any other third parties that may be involved.
Organisations not testing incident response plans – IBM Security
Failure to test can leave organisations less prepared to effectively manage the complex processes and coordination that must take place in the wake of an attack.
65% of manufacturers run outdated operating systems – Trend Micro
The report highlights the unique triple threat facing manufacturing, including the risks associated with IT, OT and IP.
WikiLeaks' Julian Assange arrested in London
There’s little doubt that it’s a day of reckoning for WikiLeaks cofounder Julian Assange today, after his seven-year long protection inside London’s Ecquador Embassy came to an abrupt end.