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Morphisec Manges To Collect $31M for defending mid-sized companies

What is Morphisec?

Ransomware and other sophisticated threats are thwarted by Morphisec’s industry-leading, prevention-first software from endpoints to the cloud. Morphisec complements and enhances next-generation antivirus and endpoint detection and response systems by stopping assaults that avoid signature-based or behavior-based detection. The secret to this success is our unique Moving Target Defense technology, which provides straightforward, proactive protection against the most cutting-edge and unidentified threats. Over 8.5 million endpoints are protected by Morphisec, which also blocks up to 30,000 ransomware, zero-day, and other evasive assaults daily.

Morphisec 31m jvpbrien or funding will help them to beat venture, who wants to kill the market for small-sized organizations.

Despite enormously increased investment in cybersecurity, it is predicted that by 2025, the cost of cyberattacks would have exceeded $10 trillion. Ransomware breaches wouldn’t occur and cause as much financial harm, brand damage, and economic loss if present solutions were effective. The sophisticated attacks of threat actors are plainly being defeated by current remedies.

Endpoint detection and response (EDR), endpoint protection platforms (EPP), and next generation antivirus (NGAV) solutions are sufficient for thwarting known assaults with recognisablebehavioural and signature patterns. But they frequently fail to recognise and stop the sophisticated threats that the majority of enterprises are currently facing. Moving Target Defense is a novel solution that has been demonstrated to fight ransomware and other advanced persistent threats, making prevention-first security a reality (MTD).

Mid-sized businesses may get overlooked as cybersecurity firms chase after the large enterprise fish. However, Morphisec has created an endpoint protection solution that is intended to be affordable while still providing clients with high-level security.

Morphisec is in high demand as the pandemic puts even more strain on these businesses. Today, the business disclosed that it had secured $31 million in a fundraising round that was co-led by JVP and included Orange and Deutsche Telekom Capital Partners.

According to Ronen Yehoshua, CEO of Morphisec, security for mid-sized businesses is becoming more urgent as they struggle with cloud migration and other facets of their digital transformation. Morphisec thinks it can help businesses get over some of those obstacles by automating security.

“We address 90% of the problem in terms of people and expense if you are able to help them to protect and prevent before the attack arrives and does damage,” he said.

Morphisec uses a method known as “moving target defence,” which modifies a system’s security settings on a regular basis to thwart intrusions. This makes it possible for employees to use a type of zero trust defence that doesn’t require them to have extensive security knowledge in order to battle threats.

Additionally, the business aids in maximising the efficiency of currently available security measures. This includes a collaboration for a service that makes it simpler for users to use Microsoft Windows 10’s most recent security enhancements.

Morphisec assists in lowering the cost of security tools as well as the cost of recovering from such attacks by thwarting attacks. And in a highly competitive job market, businesses should spend less time and money looking for security staff, according to Yehoshua.

The company claims to be safeguarding 7 million endpoints at the moment and intends to use the most recent funds to grow its staff in Israel and the United States.

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