Written by: http://www.marketwired.com
Source URL: http://www.marketwired.com/press-release/trustar-technology-announces-5m-series-a-investment-to-power-fast-growing-cyber-intelligence-2194900.htm
TruSTAR, the first security intelligence exchange platform built to incentivize information sharing, announced that it raised $5 million in Series A funding. The investment round was led by Storm Ventures, with additional contributions from Aspect Ventures, Resolute Ventures, and other prominent Silicon Valley investors. Storm’s Tae Hea Nahm will join TruSTAR’s board of directors. Over 50 companies are now exchanging intelligence data on TruSTAR, including customers from the Fortune 100 financial services, insurance, healthcare, cloud service provider, education, manufacturing and sports sectors. The new capital will be directly invested to scale platform features and accelerate customer succes
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TruSTAR’s growth comes from an expanding consensus among executives and security operators of the urgency for situational awareness of attacks underway around them. TruSTAR’s platform gives customers control over their data while gaining knowledge of how their events correlate with other incidents in real-time. As companies see data relevant to them, they can easily submit, sanitize, and share data more broadly to the TruSTAR community, including ISACs, ISAOs and private or government organizations, without attribution. This exchange accelerates investigation and mitigation of threats and reduces fraud. TruSTAR’s customer base includes individual companies looking to increase collaboration across disparate security teams, cross-sector collaboratives, company supply chain partners, as well as hosted exchanges, such as the Cloud Security Alliance’s Cyber Incident Response Center and CyberUSA.
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About Calsoft
Calsoft is a leading software product engineering services company specializing in Storage, Networking, Virtualization and Cloud business verticals. Calsoft provides End-to-End Product Development, Quality Assurance Sustenance, Solution Engineering and Professional Services expertise to assist customers in achieving their product development and business goals. www.calsoftinc.com
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