Big Financial Institutions such as JPMorgan Chase, American Express, and HSBC are seen competing to offer a $40 million round of funding for “Menlo Security”, a California based Cybersecurity startup. The four-year-old firm is also attracting the attention of other investors which includes Ericson Ventures, General Catalyst, Sutter Hill Ventures, Osage University Partners and Engineering Capital.
Menlo Security is known to offer solutions which protect web users from phishing attacks. The company is known to protect its customers through an approach called “Web Isolation” whereby the company opens all the emails, documents, attachments and websites in a virtualized environment and then replicates the image back to its respective users. This method though looks like a usual sandbox technology, but differentiates a bit as the active content capable of potentially harming computer network through browsers is kept at bay.
“The idea is that if you never let anyone connect to outside world, then you can keep your environment clean”, said Amir Ben Efraim, the CEO, and Co-founder of Menlo Security.
Amir who previously worked for Check Point Technologies said that his company’s security solution offers a platform to offer web users a seamless experience as his company’s technology doesn’t allow any active content touch the network endpoints.
The latest cash injection is said to be used to expand the company on an international note, especially targeting users of Asia and Europe. The company has also recruited new employees last year taking its count from 53 to 125.
And as per the sources reporting to Cybersecurity Insiders, Menlo Security which has raised about $85 million to date assures that its new Anti-Ransomware solution eliminates the risk of web-borne ransomware forever.