FAIRFAX, Va.--(BUSINESS WIRE)--Invincea, the machine learning next-generation antivirus company with the #1 malware detection rate in the industry, today announced that the company has raised $10 million in strategic growth capital. ORIX Growth Capital, Comerica Bank, and existing investors including Dell Ventures, New Atlantic Ventures, and Harbert Ventures contributed to the investment in Invincea, designed to accelerate its growth across all major industry verticals based on the success its next-gen antivirus security product, X by Invincea.
X by Invincea, recently evaluated by Forrester as having the highest scores possible in attack detection and prevention effectiveness criteria in The Forrester Wave™: Endpoint Security, Q4 2016 report, and consistently rated at the top in malware detection by multiple third party testing institutions, is leading the next-gen endpoint security market, significantly outperforming the traditional Anti-Virus and next-gen AV players. Invincea customers across healthcare, financial services, government, state, local and education are seeing the same leading performance results on their networks, stopping unknown malware, ransomware, and file-less malware in its tracks.
“Endpoint security represents the frontline in the fight against cyberattackers. Breaches have become commonplace among enterprises, and employee endpoints and servers are targeted more than any other type of asset,” wrote Chris Sherman, Senior Analyst at Forrester.* “The effects from these security breaches can be devastating, causing a company to lose revenue, market reputation, and market competitiveness. Unfortunately, inadequate endpoint security leaves the doors wide open to a variety of attacker techniques and tools, including malware, software exploits, and social engineering. Now, more than ever, it’s critical to have the right endpoint protection in place.”
To solve these hard security issues that organizations face every day on the front lines, X by Invincea is uniquely differentiated as the industry’s highest performing next-gen antivirus security product in the market, offering:
- Superior Security Technology - Created by the data scientists at Invincea Labs, X by Invincea is the leading machine learning, next-generation antivirus solution on the market, stopping unknown and known malware with highest detection rates and lowest false positives in the industry.
- Unparalleled Performance - X by Invincea’s performance-first approach has received some of the highest performance scores ever seen in third party testing, including AV-TEST, detecting and stopping threats within 20 milliseconds.
- Stops the Widest Range of Threats - X by Invincea utilizes multiple advanced techniques, including deep learning, behavioral monitoring, and isolation all within a single lightweight agent. X stops known and unknown malware without signatures, detects and kills file-less attacks, and prevents spear phishing attacks from succeeding.
- Open, Transparent and Easy to do Business With - Invincea openly collaborates with industry organizations including VirusTotal and AMTSO™, and is tested and rated at the top by independent third party testing institutions. The company has an established practice of developing valuable partnerships with organizations to not only win the fight against malware, but also build long-term strategic relationships with customers.
“We are excited that ORIX Growth Capital and Comerica are joining our existing investors, including Dell Ventures, to provide strategic growth capital to scale the business across core verticals and markets where we are seeing significant traction for X by Invincea,” said Anup Ghosh, Invincea CEO and Founder, and Dell Founder 50 member. "X by Invincea provides the highest performing next-gen antivirus security solution at a time when the market requires new approaches such as deep learning algorithms as an alternative to legacy anti-virus solutions that have failed to adequately address the cyber threats enterprises face today. We are giving organizations a new way to protect their critical data, stop malware, ransomware, and avoid data breaches.”
See what investors, customers, and partners are saying about Invincea:
“The battle against cyberattacks at the endpoint requires new approaches to security,” said Jeff Bede, co-head of ORIX Growth Capital. “With our investment in Invincea, we recognize its large market opportunity and novel, differentiated technology with strong customer and product validation.”
“Cybersecurity is one of the most important challenges for businesses as devastating attacks on data have become increasingly more sophisticated,” said Dylan Anderson, Relationship Manager, Comerica Bank, Technology and Life Sciences Division. “Invincea is making tremendous strides in the prevention and detection of today’s most advanced cyberattacks. Our Technology and Life Sciences team at Comerica Bank has the expertise and knowledge to help businesses such as Invincea get the capital they need to serve this rapidly growing market.”
“Without a doubt, X by Invincea has stopped potentially malicious executables that could have infected our network. The product has proven it detects the unauthorized bad stuff and stops it…and that is the point. It’s the last line of defense,” said Jeremy Clough, VP Information Security Officer at Gorham Savings Bank. “Invincea offers ransomware protection with very little overhead on the endpoint. Unlike other endpoint solutions, it doesn’t slow things down. The product implementation was easy and it needs very little support by our IT staff.”
“Our customers come to us asking for a new way to protect the endpoint as some endpoint protection solutions have not kept pace with the current threatscape,” said Niccolo Alicndri, CBO at CipherTechs, Inc. “Our partnership with Invincea gives us a powerful new next-gen antivirus security solution that kills threats without impacting business performance, helping us build strong and deep relationships with our customers."
To receive a free copy of the Forrester Wave Report for Endpoint Security, visit this link. To learn more about Invincea or to take a free Test Drive, visit www.invincea.com.
* The Forrester Wave™: Endpoint Security, Q4 2016 report
About Invincea
Invincea is the machine learning next-generation antivirus company with the #1 malware protection rate in the industry. Created by the data scientists at Invincea Labs, X by Invincea has consistently rated highest in performance metrics in third party testing. Based in Fairfax, VA., Invincea proudly protects organizations across the globe and drives the highest level of transparency and accountability in the marketplace. For more information or to take a free Test Drive, visit www.invincea.com.
About ORIX Growth Capital
ORIX Growth Capital specializes in designing highly customized financing solutions for high-growth companies with investments starting around $5 million and growing to $50 million. The team has committed over $1.4 billion to more than 125 companies. ORIX Growth Capital is a business unit of ORIX USA, a Dallas-based financial services firm known for providing innovative capital solutions that clients need to propel their business to the next level. With more than 600 employees spanning 20 offices across the U.S. and Brazil, ORIX USA and its family of companies hold $6 billion of assets and manage an additional $29 billion, approximately. Its parent company, ORIX Corporation, is a Tokyo-based, publicly owned international financial services company with operations in 37 countries and regions worldwide. ORIX Corporation is listed on the Tokyo (8591) and New York Stock Exchanges (IX). For more information on ORIX Growth Capital, visit www.orix.com/growth-capital.