LiveOak Gives Infocyte $3.4M Series A For 'Threat-Hunting' Software
Summary
Infocyte, a San Antonio cybersecurity company that uses a so-called threat-hunting method to seek out hidden or dormant hackers before any malicious software can strike, has raised a $3.4 million Series A round of funding led by Austin, TX-based LiveOak Venture Partners. The company’s service automates the method of installing software on individual computers to check for malware, as well as of collecting troves data to assess it for security risks—a process that can be laborious, according to Infocyte CEO and co-founder Chris Gerritz. Founded in 2014 and based on Gerritz’s experience in the Air Force’s cybersecurity divisions, the company had previously raised about $1.4 million in seed funding from LiveOak. Infocyte has case studies for industries ranging from banking and finance to public transportation. Nicolas Hollis, who is the CEO of another cybersecurity services company in San Antonio called Coherent Cyber, is joining the Infocyte board of directors as a part of the recent funding round, as is LiveOak general partner Venu Shamapant.
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