Illusive Networks is a cybersecurity firm headquartered in Tel Aviv, Israel and New York. The company produces technology that stops cyber attackers from moving laterally inside networks by finding and eliminating errant credentials and connections, planting false information about given network's resources, emulating devices, and deploying high interactivity decoys. Network administrators are alerted when cyber attackers use security deceptions in an attempt to exploit the network. Illusive Networks is the first company launched by the Tel Aviv-based incubator, Team8. In June 2015, Illusive Networks received $5 million in Series A funding from Team8. To date, it has raised over $30M.
History
Illusive Networks was founded in 2014 by Team8 and Ofer Israeli. In June 2015, Illusive received $5 million in Series A funding from cybersecurity incubator, Team8. Team8 is funded by a group of investors, including Google Chairman Eric Schmidt's venture capital fund, Innovation Endeavors, Alcatel-Lucent, Cisco Systems, Marker LLC, Bessemer Venture Partners, and others. While in Israel at the 5th Annual International Cybersecurity Conference in 2015, Schmidt paid a visit to Illusive Networks' headquarters on June 9 during the company's official launch. The company was named one of Gartner's Cool Vendors in Security and Intelligence for 2015. After receiving $5 million in Series A funding back in June 2015, Illusive Networks announced on October 20, 2015, their Series B round of $22 million by New Enterprise Associates.
Technology
The software produced by Illusive Networks is designed to stop cyber attacks from moving laterally inside networks, to provide early detection of cyber attackers who have penetrated a given network, and to provide forensics to threat intelligence teams and incident responders. The software blocks intruders from advancing their attacks by eliminating credentials and connections left behind by normal business processes, by providing false and misleading information that appears alongside real, valuable information, and by deploying devices and decoys to attract and distract attackers. The software is designed to thwart attacks and advanced persistent threats. Instead of targeting just malware, the Illusive software targets actual human beings who must make decisions at each step in the process in order to advance further into a network. If the attackers use the deceptive lures during the attack, network administrators will be alerted and given the option to shut the attack down immediately or observe the hacker accruing real-time breach forensics. The software has more than 50,000 users at Fortune 500 companies, healthcare companies, insurance companies, legal firms, and others.
