Automated Security Vendor Hexadite Gets $8M Capital Infusion

By Sean Michael Kerner  |  Posted 2016-02-10 Print this article Print
Hexadite raises capital

Hewlett Packard Ventures participated in the Series A round of funding for Hexadite, whose core platform is an automated incident response technology.

Security vendor Hexadite has raised $8 million in a Series A round of funding, which included the participation of Hewlett Packard Ventures, Ten Eleven Ventures and YL Ventures.

Hexadite plans to use the new funding to grow its sales and marketing efforts and to help advance its automated security incident response platform, which first debuted in 2015.

The participation of Hewlett Packard Ventures in the funding round is particularly important, said Eran Barak, CEO of Hexadite. The company's technology integrates with Hewlett Packard Enterprise (HPE) security technologies, including ArcSight, he said.

Hexadite also works with multiple security information and event management (SIEM) vendors, including Splunk.

"Our platform is a technology that can consume many different alerts from detection systems," Barak told eWEEK.

Since Hexadite emerged from stealth in April 2015, its technology has undergone multiple iterations. Among the enhancements have been more integration with different systems to receive as many alerts and as much data as possible. Additionally, work has continued on the integration of Hexadite with existing enterprise security technologies, including firewalls and proxy servers to help enable the automated remediation of security threats.

"We now have a more holistic solution that integrates with more market leading security detection solutions," Barak said. "On top of that, we have enriched our investigation logic and analysis agents, which provide broad capabilities to cope with alerts."

The key promise of Hexadite is the automated response capability, Barak said. What often happens with automated security technologies is that enterprises will use a monitor-only mode and not actually enable automated remediation, he said. For the most part, Hexadite customers are enabling the full automation as they trust the system and have the capability to roll back and reverse actions if necessary.

"A year ago, companies were less willing to move to security automation, but today many companies have come to realize that automation is the only way to deal with the volume of threats that they face," Barak said.

The Hexadite platform also has a semi-automated mode, which provides users with very granular control over security remediation. As customers get used to the system, most will shift to fully automated remediation, particularly for endpoints, Barak said.

The plan for Hexadite's future is to have an even more comprehensive platform, said Barak, adding that he would like to extend the product to connect to things like ticketing systems to work more seamlessly with the way security operation centers and computer incident response teams work on a daily basis.

Sean Michael Kerner is a senior editor at eWEEK and Follow him on Twitter @TechJournalist.


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