Cyberthreat security company Onapsis raises $9.5 million

Posted Jun 18, 2014

Onapsis is a cyberthreat security company that has raised $9.5 million in funding led by .406 Ventures. Onapsis currently has 100 clients, including government agencies.

Founded in Buenos Aires in 2009, Onapsis moved to Cambridge in 2012. The company now has 60 employees and is growing rapidly. Onapsis’s preventative security software runs on platforms that run SAP.

Onapsis can detect and prevent malware breaches and hacks. Some of its customers include Westinghouse, Deloitte, the U.S. Army, and Siemens.

?Onapsis X1 is the most widely used solution to detect cybersecurity risks and compliance violations affecting SAP business platforms. Unmatched by generic security monitoring products, Onapsis X1?s unique SAP-certified capabilities integrate seamlessly into existing GRC and Risk Management practices, providing unprecedented visibility to protect critical business processes and information,? said the company in a statement.

Onapsis will be using the funding to enhance its product line and expand international sales.

[Source: VentureBeat]