Bandura, which pioneered the Threat Intelligence Gateway (TIG) industry in part with the U.S. Department of Defense, today announced it has completed a Series A round, securing $4 million in financing led by Grotech Ventures, Gula Tech Adventures, Maryland Venture Fund, and Cultivation Capital. This strategic funding will strengthen Bandura’s position as a leader in the emerging Threat Intelligence Gateway (TIG) marketplace. The Bandura TIG™ is purpose-built to filter network traffic against large volumes of threat intelligence indicators, better protecting networks from the massive volume of known threats.
“We partner with innovative cybersecurity technology companies who are bringing fresh ideas and unconventional approaches to tackle the large and growing cybersecurity challenge”
At any moment, tens of millions of known malicious IP addresses and domains are attacking organizations. These threats are dynamic and everchanging and, while there is a significant volume of actionable threat intelligence that can be used to detect and block the threats, firewalls can manage only a very limited number of threat indicators. The result is security coverage gaps, alert fatigue, staff overload, inefficient use of expensive firewall resources, and suboptimal return on existing security investments.
“Firewalls are getting crushed by the sheer volume of threats that hit organizations industry-wide every day,” said Chris Fedde, CEO of Bandura. “And, while external threat intelligence is available,most companies lack the staff and resources to effectively and efficiently operationalize it. The Bandura TIG complements the firewall, enabling companies of all sizes to use threat intelligence without limits in an easy and automated way. We are grateful for the support of our investors and believe it is a testament to our work redefining the industry’s use of threat intelligence from reactive detection and response to proactive prevention.”