Press release

Hunters.AI Raises $5.4M Seed Round to Equip Cybersecurity Teams with the First Autonomous Threat Hunting Machine

Sponsored by Businesswire

the pioneer in autonomous threat hunting, today announced $5.4M in seed
funding for its mission to accelerate cyber threat response and fight
cybercrime by helping organizations detect, identify and remediate
sophisticated cyberattacks targeting their cloud, hybrid and enterprise
environments. The round was led by YL Ventures and Blumberg Capital.

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Hunters.AI co-founders (l.) Tomer Kazaz, CTO and (r.) Uri May, CEO (Photo: Business Wire)

Hunters.AI co-founders (l.) Tomer Kazaz, CTO and (r.) Uri May, CEO (Photo: Business Wire)

CISOs and their teams face determined attackers who are continuously
inventing new tactics, techniques and procedures (TTPs) to bypass
existing security defenses. Security teams rely on many disparate tools
with the hope of finding and responding to attacks. Despite collecting
huge volumes of data from applications, network, endpoints as well as
management, monitoring and security tools, organizations struggle
through this massive fog of data and alerts to identify what matters

The Hunters’ autonomous hunting solution finds the breadcrumbs that are
always left behind by attackers, but that remain hidden to security
defenses. It then connects those digital traces to quickly identify and
isolate attacks, and provide high fidelity and contextual attack
stories, dramatically accelerating cyber threat detection and response
time. Hunters’ solution deployment does not require introducing new
agents or scanners into the environment nor duplicating existing data.

An early customer, Mario Duarte, vice president of Security at Snowflake
Computing, a cloud data warehouse company, experienced firsthand the
speed and effectiveness of Hunters. In a recent Red Team attack
exercise, they created the worst-case scenario—they gave the attackers
credentials for a user account with elevated admin privileges, an
internal company laptop and the element of surprise.

“The result was amazing. Hunters identified the attack in minutes,
alerted our team and they resolved it. While that might sound easy, it
is not. If an attacker has credentials and access to a compromised
company device, traditional monitoring systems cannot tell the
difference from a legitimate employee and an attacker. But Hunters
autonomous hunting technology did find it. In my 20 years in security, I
have not seen anything as effective, fast and with high fidelity as what
Hunters can do,” said Duarte.

Hunters is led by CEO Uri May and CTO Tomer Kazaz and was co-founded and
incubated by Chairman Ehud Schneorson, Yodfat Harel Buchris and Idan
Nurick. The team they have assembled understands how attackers think,
behave and act, and combines that knowledge with technical, hands-on
threat hunting experience.

“From the start, we recognized that companies need access to more
expertise and knowledge about attacks and attackers in order to defend
themselves,” said Hunters Chairman Ehud Schneorson, retired brigadier
general and former commander of Unit 8200 in the Israel Defense Forces
and venture partner at Blumberg Capital. “That is why we partnered with
Hunters founders Uri May and Tomer Kazaz to deliver this expertise and
build the industry’s first autonomous hunting solution that enables
companies to continuously hunt and respond to attacks in a way no other
solution does.”

“IT security teams must become faster and better at detecting and
stopping attacks, and threat hunting is the obvious strategy of choice.
But hiring the highly specialized and in-demand skills and knowledge
needed is simply not possible,” said Ofer Schreiber, partner at YL
Ventures. “This leaves an attack detection gap and the cost of failure
is a board level concern. Deploying Hunters is like putting an army of
highly skilled threat hunters to work to magnify your team’s power and
close that gap.”

“Our solution helps security teams to get the most out of their existing
tools and gain unprecedented insight into attacks as they unfold in
their cloud, hybrid and enterprise environments.” says Hunters
Co-Founder and CEO Uri May. “The only way to deal with velocity and
volume of attacks is to leverage world-class expertise in an automated
fashion that can be trained and adapts itself to the ever-changing
attack surface.”

The Hunters solution is currently in limited availability to qualified
customers. General availability will be available in late 2019. For more
information, visit Hunters.AI

About Hunters.AI

Hunters.AI is the industry’s first Autonomous Hunting solution. Hunters
combines its unique Attack Intelligence, Hunting AI and Continuous
Automation with the enterprise’s existing security data to transform
enterprise threat hunting from hunt and hope to hunting that works.
Hunters.AI generates and delivers actionable visualized attack stories
allowing organizations to more quickly and effectively identify,
understand and respond to attacks.

About YL Ventures

YL Ventures funds and supports brilliant Israeli tech entrepreneurs from
seed to lead. Based in Silicon Valley and Tel Aviv, YL Ventures manages
$140 million and specializes in cybersecurity. YL Ventures accelerates
the evolution of portfolio companies via strategic advice and U.S.-based
operational execution, leveraging a powerful network of Chief
Information Security Officers and global industry leaders. The firm’s
track record includes successful, high-profile portfolio company
acquisitions by major corporations including Microsoft, CA and

About Blumberg Capital

Blumberg Capital is an early-stage venture capital firm that partners
with passionate entrepreneurs to innovate and build successful
technology companies. The firm specializes in leading Seed and Series A
rounds collaborating with angel investors, other venture capital firms
and strategic partners. The Blumberg Capital team are active investors
and board members – operating as an extension of the entrepreneurs’
network. Blumberg Capital is headquartered in San Francisco with team
members in Tel Aviv and New York. For more information, please visit