Menlo Security Raises $10.5 Million to End Malware Threat
The stealthy startup has some big promises and a big-name investor to back it up.Malware infections continue to infest the modern Internet, and there is no shortage of vendors, or money, trying to solve the problem. One of the newest entrants in the battle against malware is startup Menlo Security, which announced its Series A funding round on Nov. 18. Menlo Security has raised $10.5 million in a funding round that was led by General Catalyst Partners and also involved the participation of Osage University Partners. Steve Herrod, managing director at General Catalyst Partners, will now join the Menlo Security board of directors. Herrod is well-known in the IT industry for the years he spent at VMware as its CTO. In a recent interview with eWEEK, Herrod, who has been at General Catalyst Partners since February 2013, detailed his investment focus and why security is a key area of interest for him. The goal of Menlo Security is to reinvent cyber-security, Amir Ben-Efraim, the company's co-founder and CEO, told eWEEK. That said, Ben-Efraim declined to provide full details on how his company's technology works as it is still in stealth mode and the full platform won't be revealed until 2015. However, Ben-Efraim did provide some direction and context for where Menlo Security will fit into the cyber-security landscape. Prior to founding Menlo Security, Ben-Efraim had been the founder and CEO at virtualization security vendor Altor Networks, which Juniper Networks acquired for $95 million in December 2010. It was through his experience at Altor that Ben-Efraim said he first got to know Herrod, who led the Series A investment round for Menlo Security.
"The problem with malware today is that no matter how much security is thrown at it, it continues to evade even the latest security technologies," Ben-Efraim said. "The reason for that is because all the industry has been trying to do is to detect if something is good or if it is bad."