Preempt began with a basic premise: Effective security within an enterprise should combine threat detection and real time response within a single solution. As enterprises transition to the cloud and the perimeter disappears, identity is the new perimeter. If identity is the new perimeter, access management from a security standpoint can lead to effective threat prevention. That simple but powerful idea was the genesis of Preempt and has given us the opportunity to solve challenging security problems for our customers.
Today, we’re announcing a $17.5 million Series B round of financing, with an investor roster that includes industry-leading CISOs and cybersecurity veterans standing by our vision. Preempt’s total funding is now $27.5 million, and we are absolutely focused on solving the world’s most pressing cybersecurity challenges through Preempt’s first-in-industry Identity and Access Threat Prevention approach.
We’re now serving the most demanding institutions in the world – from financial services to healthcare to retail – as they look to Preempt’s unique approach to secure their future. As we learned this month, Preempt’s model of Identity and Access Threat Prevention aligns near-perfectly with Gartner’s assessment of 2018’s Top 10 Security Projects.
This latest funding round welcomes some of the world’s leading cybersecurity practitioners and security financiers to Preempt’s investor community, in addition to showcasing on a global stage the tremendous work of our employees, partners and customers. We’re incredibly excited and optimistic for the future of our identity-based approach, which alongside our investors, we view as the future of enterprise security. We prove this vision every day as we address and solve our customers’ most business-critical identity and security challenges. Preempt is the first company to deliver Identity and Access Threat Prevention – a category we expect to become increasingly prevalent (for more, see 451 Research’s explanation of Preempt’s unique standing in this arena).
Sincere thanks to our incredible, globally distributed team here at Preempt – from North America to Israel, as well as our loyal and tremendously futuristic-thinking customer roster. You have all made this future possible! We are thrilled to expand our investment partners to some of the world’s leading financial institutions and investors: our Series B round is supported by ClearSky, Blackstone (NYSE: BX), Intel Capital, and General Catalyst.
On behalf of the worldwide Preempt team, we’d like to extend our appreciation and gratitude to all of you who have supported, validated and invested in our vision of the future of cybersecurity. Identity is everything, and misuse of identity leads to over 80% of enterprise breaches. We look forward to a cyber-aware future that secures the world’s most important organizations via perhaps the most foundational concept of business: one’s own identity.