Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.


01:45 PM
Dark Reading
Dark Reading
Products and Releases

Dtex Raises $17.5 Million in Funding

Funding, led by Northgate Capital, will be used to expand insider threat cybersecurity company's market presence.

San Jose, CA, May 07, 2020 (GLOBE NEWSWIRE) -- Dtex, a next-generation insider threat cybersecurity company, today announced funding of $17.5 million led by Northgate Capital with additional participation from existing investors Norwest Venture Partners and Four Rivers Group. On the heels of doubling revenues in 2019, this new funding will be used to expand beyond established customer verticals including banking and financial services, critical infrastructure, government and defense, into industries where Dtex has experienced recent success, such as pharmaceuticals, life sciences and manufacturing.

Dtex delivers always-on insider threat security to an entire organization, proactively illuminating dangerous activity in real-time across millions of devices to predict and uncover risky behavior, well before an incident occurs. In the past, there was a much smaller number of network ingress and egress points that needed to be secured, but today’s company perimeter has morphed into an organic, constantly fluctuating network of millions of desktops, servers, cloud services, BYOD and now thousands of remote workers. Dtex eliminates the excessive noise and false positives of legacy point solutions via its patent-pending DMAP+ Technology, a real-time correlation of telemetry, introspection and predictive modeling, able to recognize threats based on contextual behavior and patterns, while maintaining full GDPR compliance.

Over the past 12 months, 80 percent of Dtex’s Fortune 500 customers have increased their deployments to cover all endpoints, including servers, across their entire global enterprise in order to declutter their defense-in-depth legacy technology that has become increasingly ineffective in detecting and preventing insider threats. These global companies require a next-generation insider threat platform that:

  • Scales to the entire organization - with a continuous always-on audit-trail for millions of users/devices - rather than trigger-based monitoring for specific persons of interest 
  • Provides deep experience in the detection, prevention and prediction of insider threats with proprietary insider threat correlation vs. relying on 3rd-party SIEMs
  • Collects noise-free telemetry with near-zero impact on users & devices
  • Is cloud-ready so installing and enabling insider threat protection takes only a few hours, not weeks or months
  • Has strong encryption for full GDPR compliance out-of-the-box 

“The addressable market for Dtex sits squarely in the enterprise insider threat cybersecurity sector, where the need to eliminate point solutions has already moved beyond the early adopters,” said Bahman Mahbod, President & CEO, Dtex. “Insider threat security needed a total revamp – one with a modern approach that offers comprehensive and organization-wide visibility. Dtex is providing customers with a simple and endlessly scalable platform to instrument the enterprise in real-time, with sophisticated analytics that are proven to find the needles in the haystack.”

Thorsten Claus, partner, Northgate Capital added, “Dtex has built a highly scalable platform that utilizes a cloud-first, lightweight endpoint architecture, offering clients a number of use cases including insider threat prevention and business operations intelligence. With Dtex, we have found a fast-growing, long-term, investible operation that is not just a band-aid collection of tools, which would be short-lived and replaced.”

The versatility of DMAP+ Technology has drawn Dtex into the recent spike in remote working. Throughout the COVID-19 emergency, Dtex customers have been using DMAP+ Technology to analyse home worker security and business continuity trends. This requirement has resulted in a new suite of Dtex offerings, including automated reports and trend analysis which are now delivered out-of-the-box. This, in conjunction with Dtex’s Counter-Insider Threat (C-InT) Taskforce, will support the sharp increase in demand for specialist insider threat intelligence and investigations, ensuring clients can detect and respond to insider threats proactively, flagging bad actors and accidental policy violations to prevent potential breaches for remote workers.

“We’ve been impressed by the success of the Dtex management team that has successfully scaled and exited cybersecurity companies and has now delivered enterprise-wide deployments for world-renowned blue-chip financial services, critical infrastructure and government clients,” said Justin Stebbins, partner, Northgate Capital. “Today’s cybersecurity needs are greater than ever. Threat vectors and sophistication of attacks are increasing, and information security has become a battleground of fragmented point solutions, to the dismay of security operators.”

About Dtex

Dtex Intercept is the only Next-Gen Insider Threat Platform that delivers “always-on” security to proactively illuminate dangerous activity in real-time across the entire organization, uncovering risky behavior well before an incident occurs. The solution is powered by DMAP+ Technology, a combination of lightweight forwarders & real-time correlation of unique enriched telemetry from data, machines, applications and people (DMAP) done at incredible scale.

Fortune 500 businesses, government agencies such as the US Defense Information Systems Agency and innovative enterprises such as Williams F1 & Advanced Engineering and Freshfields Bruckhaus Deringer – one of only 5 Magic Circle law firms in the world -- use Dtex to identify risky users, prevent data loss, accelerate incident response, ensure compliance and detect fraud across their entire organization. Dtex is headquartered in San Jose, CA., with international offices in the UK and Australia. For more information, please visit www.dtexsystems.com.

About Northgate

Northgate Capital, founded in 2000 by Brent Jones and Tommy Vardell, is a venture capital investment management firm. The firm and its global affiliates jointly manage $4.9 billion in assets. With offices in the San Francisco Bay Area and Mexico City, Northgate’s investment programs focus on venture capital – Fund-of-Funds and Direct – with additional programs in private equity – global small market Fund-of-Funds, Mexico growth equity and mezzanine finance. (www.northgate.com)


Recommended Reading:

Comment  | 
Print  | 
More Insights
Newest First  |  Oldest First  |  Threaded View
COVID-19: Latest Security News & Commentary
Dark Reading Staff 8/10/2020
Researcher Finds New Office Macro Attacks for MacOS
Curtis Franklin Jr., Senior Editor at Dark Reading,  8/7/2020
Healthcare Industry Sees Respite From Attacks in First Half of 2020
Robert Lemos, Contributing Writer,  8/13/2020
Register for Dark Reading Newsletters
White Papers
Cartoon Contest
Write a Caption, Win an Amazon Gift Card! Click Here
Latest Comment: It's a technique known as breaking out of the sandbox kids.
Current Issue
Special Report: Computing's New Normal, a Dark Reading Perspective
This special report examines how IT security organizations have adapted to the "new normal" of computing and what the long-term effects will be. Read it and get a unique set of perspectives on issues ranging from new threats & vulnerabilities as a result of remote working to how enterprise security strategy will be affected long term.
Flash Poll
The Changing Face of Threat Intelligence
The Changing Face of Threat Intelligence
This special report takes a look at how enterprises are using threat intelligence, as well as emerging best practices for integrating threat intel into security operations and incident response. Download it today!
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
PUBLISHED: 2020-08-13
ABBYY network license server in ABBYY FineReader 15 before Release 4 (aka allows escalation of privileges by local users via manipulations involving files and using symbolic links.
PUBLISHED: 2020-08-13
njs through 0.4.3, used in NGINX, has an out-of-bounds read in njs_json_stringify_iterator in njs_json.c.
PUBLISHED: 2020-08-13
njs through 0.4.3, used in NGINX, allows control-flow hijack in njs_value_property in njs_value.c. NOTE: the vendor considers the issue to be "fluff" in the NGINX use case because there is no remote attack surface.
PUBLISHED: 2020-08-13
An Uncontrolled Search Path Element (CWE-427) vulnerability in SmartControl version 4.3.15 and versions released before April 15, 2020 may allow an authenticated user to escalate privileges by placing a specially crafted DLL file in the search path. This issue was fixed in version 1.0.7, which was r...
PUBLISHED: 2020-08-13
Lua through 5.4.0 allows a stack redzone cross in luaO_pushvfstring because a protection mechanism wrongly calls luaD_callnoyield twice in a row.