Acalvio Technologies Emerges from Stealth Mode with $17 Million Investment from Accel Ventures, Ignition Partners, Eileses Capital

PRESS RELEASE

Santa Clara, Calif., July 26, 2016 — Acalvio™ Technologies, an innovator in Advanced Threat Defense, today announced that the company has closed $17 million in funding from top tier investors including Accel Ventures, Ignition Partners and Eileses Capital. This investment will accelerate deployment and adoption of its Deception 2.0 technology. Deception 2.0 leverages dynamic deception and data science technologies to deliver high fidelity and cost-effective detection solutions that address an organization’s most important security needs.

“A winning formula in venture investing is to start with a proven team and a highly innovative technology addressing a large shift in market requirements – this case , the shift from Perimeter Defense to Internal Active Defense. Acalvio has delivered on a series of compelling innovations to address this large emerging market opportunity,” said Arthur Patterson, founder Accel Partners and Acalvio Board Member. “Accel has had excellent prior success with Ram Varadarajan and is proud to again be his partner as he guides Acalvio to be the market leader.”

"We see Acalvio as a potential game changer with their Deception 2.0 approach," said Nick Sturiale, Managing Partner of Ignition Partners and Acalvio Board Member. "With a series of patented innovations and a track record of execution, we are very excited to support Acalvio in its goals to achieve a leadership position in the Deception space, an area that has immense potential and promise.”

According to TechSci Research, the global market for deception technology is projected to exceed $1.7 billion by 2021. This projection is based on an increasing number of cyber-attacks such as malwares, Distributed Denial of Service (DDoS), Advanced Persistent Threats (APTs), zero day attacks and more. Acalvio leverages its patented technologies in the areas of dynamic deception and data science to detect, engage and respond to malicious activity for IT and Internet of Things (IoT) environments. The result is fewer false positives, improved threat intelligence and actionable Indicators of Compromise (IOCs).

Acalvio’s solution leverages its patented Fluid Deception™ technology to enable authentic and cost-effective deception at scale, which can now be delivered in a DevOps model. In addition, it allows for full engagement with threats to study attack tactics and tools. Adversary Behavior Analytics™ (ABA) enables automated response allowing IR teams to react to malicious activity in near real time. ABA Data Science algorithms leverage Deception events and other data available in Enterprise security solutions (SIEM, Privileged User Management systems, etc.) to deliver valuable intelligence around adversary travels, latent vulnerabilities, etc.

“We are on a journey to bring technological advantage to help customers get precise detection and automated resolution of threats; and we are pleased to have the backing of luminary investors such as Accel Ventures, Ignition Partners, and Eileses Capital,” said Ram Varadarajan, CEO of Acalvio Technologies. “Today’s attackers are easily able to get past traditional defenses and remain un-detected for on an average of 200 days. Deception 2.0 is truly revolutionary. It overcomes staleness and delivers high quality deception, at scale in a cost effective fashion. We are confident that our disruptive innovation and holistic approach will give customers a winning hand.”

“Deception technologies have been used very effectively by the US Defense Agencies for years. While they have offered tremendous promise for commercial businesses, they have had serious limitations in key areas – notably detection efficacy, deployment efficiency, scalability and cost-effectiveness. Acalvio has addressed these issues at a systemic level, we are very pleased to work with them in their product launch,” said Paul Calatayud, CISO, SureScripts. “Their Data Science capabilities and their integration with the rest of the security eco-system, SIEM, etc. is of enormous value.”

“Acalvio is by far the most innovative solution we have seen in the Deception space. We have a very broad, and expansive view of Deception technologies, and Acalvio is the only company that has the technical superiority and scalable architecture to support our needs. We are very pleased to partner with them in their product launch initiatives,” said DD Dubey, Chief Information Security Officer, Reliance Industries.

Acalvio Technologies will be participating at Black Hat USA 2016 and attendees are invited to stop by their booth (#1165) to learn more about how the company can detect and contain attackers through a unique combination of deception and data science. For more information on Acalvio, please visit http://acalvio.com/ and follow the company on Twitter at @AcalvioTech and on LinkedIn.

About Acalvio
Acalvio provides Advanced Threat Defense (ATD) solutions to detect, engage and respond to malicious activity inside the perimeter. The solutions are anchored on patented innovations in Deception and Data Science. This enables a DevOps approach to ATD, enabling ease of deployment, monitoring and management. Acalvio enriches its threat intelligence by data obtained from internal and partner eco-systems, enabling customers to benefit from defense in depth; reduce false positives; and derive actionable intelligence for remediation. The Silicon Valley based company is led by an experienced team with a track record of innovation and market leadership and backed by marquee investors. For more information, please visit www.acalvio.com.

Media Contact:
John Kreuzer
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(408) 896-3307