LightCyber

Company Overview

Snapshot

Founded in September 2011 by Michael Mumcuoglu and Giora Engel, LightCyber operated with 51–200 employees. The company raised $32 million across 3 funding rounds from 7 investors. In March 2017, LightCyber was acquired by Palo Alto Networks.

Business overview

LightCyber specializes in providing advanced breach detection solutions within the Cyber Security sector, focusing on identifying threats early in the attack lifecycle. Its core product, Magna, utilizes behavioral analytics to profile internal network traffic, distinguishing between legitimate and malicious users to detect suspicious behavior. The solution then tracks these anomalies back to the endpoint for inspection using agentless endpoint analysis and cloud-based threat intelligence, aiming to facilitate prompt remediation and prevent extensive damage from cyber threats. LightCyber primarily serves enterprise customers, operating within the Network & Infrastructure Security, Platforms & Interfaces, and Software categories.

Strategic signal

In March 2017, LightCyber was acquired by Palo Alto Networks for $105 million in cash. This acquisition highlights the strategic value of LightCyber's automated behavioral analytics technology in the cybersecurity landscape, signaling a consolidation trend where larger security platforms integrate specialized threat detection capabilities to enhance their offerings and address evolving cyber threats.

Company Intelligence Q&A

What was the most significant recent corporate event for LightCyber?

In March 2017, LightCyber was acquired by Palo Alto Networks for $105 million in cash. Palo Alto Networks announced plans to continue offering LightCyber products and support existing customer implementations while integrating the technology into its security platform.

When did LightCyber last raise a funding round?

In June 2016, LightCyber raised a Series B investment round. This round was led by Access Industries and Claltech.

What was LightCyber's total capital raised before its acquisition?

LightCyber raised a total of $32 million across 3 funding rounds prior to its acquisition.

What recognition did LightCyber receive in 2014?

In May 2014, LightCyber was named a "Cool Vendor" in Gartner's "Cool Vendors in Security Infrastructure Protection, 2014" report, recognizing its advanced breach detection solutions.

What was the focus of LightCyber's technology as highlighted in May 2016?

In May 2016, LightCyber's attack detection platform was noted for its ability to distill alerts and generate actionable information, significantly reducing the volume of malware alerts for security analysts by focusing on behavioral profiling and automated investigation.