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Magma Venture and Cedar Fund invest USD6m in Sentrix

Sentrix, formerly Foresight-Air, has opened its first US office in Boston after securing more than USD6 million in funding from Magma Venture Partners, Cedar Fund, Israel’s Chief Scientist programme (OCS) and board members.

Sentrix is using the funds to redefine website security in order to better protect organisations against a rapidly evolving threat landscape.
 
Sentrix’ cloud-based, context-aware website security solutions protect websites against data breaches, as well as known and unknown cyber attacks including: DDoS, OWASP Top 10, Defacement, Zero Day and more. Web protection and DDoS attacks are two of the three major security concerns that enterprises have today.
 
Sentrix’ technology provides high security from known and unknown attacks while simultaneously reducing the complexity of deployment and operation.
 
“Sentrix is attracting a growing number of mid-size and large enterprises in the financial services, telecom, education, government, manufacturing and other sectors. Our customers use Sentrix to protect their websites against the entire range of web application attacks, and benefit from dramatic improvements in website security and management simplicity,” says Ofer Wolf, Sentrix chief executive. “By reducing the attack surface and simplifying the complexity and cost of maintenance, the solution cuts management time by up to 80 per cent and reduces TCO by up to 50 per cent.”
 
“The gap between the cost of attacks and the cost of prevention is skyrocketing, forcing organisations to look for innovative solutions that disrupt traditional approaches,” says Zeev Bregman, Sentrix’ new chairman of the board and former CEO of NICE and Comverse, Inc. “Sentrix has developed an approach that empowers security teams to sensibly manage their web security operations while focusing on what’s really important.”
 
As part of its US expansion, Sentrix has opened a new Boston-area office located at 1050 Winter Street in Waltham, MA. Sentrix co-founder Israel Barak has relocated to the area and will be managing the North American expansion.

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