Strike another victory for cybersecurity start-ups: Norse, which specializes in live attack intelligence, has closed $11.4 million in Series A1 round of funding.
The investment was led by KPMG Capital, and will enable KPMG’s member firms to offer Norse threat intelligence products and services to clients through the KPMG network’s global cybersecurity practice.
The remainder of the $11.4 million total raised in this round was provided by a group of existing investors, and the funds will be used by Norse primarily to bolster the company’s product development efforts and accelerate the expansion of its global sales organization to capitalize on high-growth market opportunities abroad.
“KPMG clearly understands the complex challenges that public and private organizations face and that threat intelligence and the insights that it brings are at the heart of the next generation of information security,” said Norse CEO Sam Glines. “They also have a strong presence in the parts of the world where we see our greatest opportunities for growth.”
The additional Series A1 funding now brings the total venture funding raised by Norse to $42 million.
Norse’s family of enterprise threat intelligence solutions includes the Norse Appliance 10g and the Norse Intelligence Service, a turnkey “early-warning-as-a-service” that helps large financial services firms and government agencies quickly identify compromised systems, spot malicious activity and track attacks while they are still under way.
Norse also maintains an in-house team of cyber-intelligence and counterintelligence fusion analysts, many recruited directly from military and government intelligence organizations, to form the core of the Norse Threat Intelligence Service.
Norse recently announced the appointment of Andrew Lewman to the newly created position of vice president of data development, and David Weier as senior vice president of worldwide sales.
“As trusted advisors to governments and industries around the world, KPMG member firms work to find smart, creative and forward-thinking technologies like Norse threat intelligence solutions to help address cyber security challenges,” said Mark Toon, CEO, KPMG Capital. “Through KPMG Capital’s strategic investment in Norse, we can ensure that clients will benefit from their industry-leading technologies today and in the future.”