Intezer, a leader in AI-based technology for autonomous security operations, announced that it has raised $33 million in Series C funding. The funding round was led by Norwest Venture Partners, with participation from all existing investors, including Intel Capital, OpenView, Magma, and Alon Cohen (founder of CyberArk).
This brings the total capital raised to $60 million. And with this funding round, Intezer will expand its go-to-market and product teams to strengthen its position as a leader in the emerging AI SOC market category.
Intezer’s Autonomous SOC platform utilizes unique AI models to simulate human analysts’ decision-making process, effectively functioning as an extension of the security team. And Intezer integrates with the customer’s existing security tools to automatically investigate endpoint alerts, SIEM alerts, user-reported phishing, and more. Intezer’s platform triages new alerts in two minutes, automatically resolves false positives, and escalates just 4% of alerts to the SOC team with clear findings and recommended incident response actions, leading to faster response times for critical threats.
KEY QUOTES:
“I know what it’s like to work in SOC and incident response teams, while every day you have too much work, too many alerts, and not enough people. That’s how I became obsessed with helping security teams facing resource shortages. That’s why we built Intezer, with a mission to arm security professionals with AI and automation to virtually extend their capacity by 10x. This investment accelerates our growth and strengthens our leadership position in the new, exciting category of AI SOC platforms.”
-Itai Tevet, CEO and co-founder of Intezer
“Intezer is solving a major and widely recognized problem that virtually every enterprise and security service provider faces – the shortage of skilled staff. Their platform is a proven technology, validated by many happy customers, in a large and growing market. We look forward to working with co-founders, Itai and Roy, and their team as they continue to scale the company and further develop a much-needed product for security teams.”
-Dror Nahumi, General Partner, Norwest Venture Partners
“I’ve looked at a lot of security solutions over the years and the results from Intezer’s AI-driven alert triage are actually amazing. Intezer integrates with all the modern security platforms, so teams have every alert fully investigated while enabling a fast time to respond. This technology is transformative for the efficiency and effectiveness of security operations.”
-Branden Newman, CTO of MGM Resorts International
