TrapX Security

Company Overview

Snapshot

Founded in October 2011 by Moshe Ben Simon and Yuval Malachi, TrapX Security operated with 11–50 employees. The company raised a total of $37 million across 3 funding rounds from 6 investors. TrapX Security was acquired by Commvault in February 2022.

Business overview

TrapX Security develops cyber deception technology, offering its DeceptionGrid solution to detect, deceive, and defeat advanced cyber attacks and human attackers in real time. This technology provides automated, highly accurate insights into malicious activity, enabling a proactive security posture to halt attack progression. The company serves Forbes Global 2000 commercial and government customers worldwide across sectors including defense, healthcare, finance, energy, and consumer products, operating within the Cyber Security sector.

Strategic signal

In October 2020, TrapX Security introduced TrapX Flex, an industry-first Deception-as-a-Service solution. This launch signaled the company's strategic move towards cloud-delivered security offerings, expanding its market reach and providing a more flexible deployment model for its advanced cyber deception technology.

Company Intelligence Q&A

When was TrapX Security acquired?

TrapX Security was acquired by Commvault in February 2022.

What was the latest funding round for TrapX Security?

In July 2019, TrapX Security completed a C Round of funding. Ibex Investors led the round, with participation from Strategic Cyber Ventures.

What is TrapX Flex?

TrapX Flex is an industry-first Deception-as-a-Service solution introduced by TrapX Security in October 2020, designed to provide cloud-delivered cyber deception capabilities.

Which companies has TrapX Security partnered with?

In May 2018, TrapX Security joined Cylance to combat advanced persistent threats with artificial intelligence. In April 2018, the company also joined the Carbon Black Integration Network to enhance protection against advanced attacks and collaborated with Check Point to enhance enterprise security.

What research did TrapX Security publish regarding US medical infrastructure?

In April 2018, TrapX Security reported shocking new research that uncovered multiple vulnerabilities within the US medical infrastructure.