SecBI network security firm raises 5m to tap US, European market

SecBI has raised 5 million in a Series A funding intended to fund the firm's debut into the US and European cybersecurity markets. On Tuesday, the Beer Sheva, Israel-based firm said the 5 million funding round has now closed. Investors include Orange Digital Ventures, Connecticut Innovations, Amichai Shulman and existing investor Jerusalem Venture Partners (JVP). SecBI says the proceeds of the investment round will be used to launch SecBI's debut product, a software solution which automates threat detection and incident investigation. SecBI harnesses machine learning technology to monitor and analyze network log data, identify interesting patterns and hidden threats, and the compile a "comprehensive incident storyline" which will help IT professionals mitigate cyberattacks quickly.