Illusive Networks

Company Overview

Snapshot

Founded in October 2014 by Ofer Israeli, Illusive Networks operated with 51–200 employees. The company raised $56 million across 3 funding rounds from 11 investors. Illusive Networks was acquired by Proofpoint in December 2022.

Business overview

Illusive Networks specializes in cybersecurity, providing deception technology to detect and disarm targeted cyberattacks. Its core technology creates a hostile environment for attackers by eliminating high-risk pathways and replacing them with deceptive versions. This approach forces attackers to reveal themselves early in the threat lifecycle, capturing real-time forensics for accelerated incident response. The company serves enterprises, focusing on sectors such as Cyber Security, Network & Infrastructure Security, and provides solutions for identity and access management, advanced persistent threats, and incident response.

Strategic signal

In December 2022, Proofpoint signed a definitive agreement to acquire Illusive Networks. This acquisition signifies a strategic consolidation within the cybersecurity market, with Proofpoint integrating Illusive's deception technology to enhance its own threat detection and prevention capabilities. For investors, this indicates a successful exit for Illusive Networks and a strengthening of Proofpoint's market position in advanced cyber defense.

Company Intelligence Q&A

What was the most significant corporate event for Illusive Networks?

Illusive Networks was acquired by Proofpoint in December 2022, leading to its current status as an inactive entity.

When did Illusive Networks last raise funding and from whom?

Spring Lake Equity Partners led this round, with participation from Cisco and Innovation Endeavors.

What was a key partnership development for Illusive Networks?

In September 2020, Illusive Networks strengthened its partnership with Microsoft, achieving Microsoft Co-Sell Ready Status, indicating deeper integration and collaboration in sales and marketing efforts.

What was a notable product expansion by Illusive Networks?

In May 2020, Illusive Networks expanded its attack surface management solution to the cloud, addressing the growing need for security in cloud environments.

What recognition did Illusive Networks receive in 2021?

In May 2021, Illusive was recognized as a Microsoft Security 20/20 Partner Awards Winner for Identity Trailblazer and was a finalist in the Security Trailblazer category.