UPDATED 13:56 EDT / NOVEMBER 30 2017

INFRA

JPMorgan co-leads $25M round into threat detection startup ReversingLabs

As companies deploy new cyberdefenses to fend off attacks, hackers are adapting their methods. Malware is being camouflaged in increasingly sophisticated ways to avoid detection by breach prevention systems.

Tackling this threat is the main focus of Boston-based ReversingLabs Inc., which today announced the completion of a $25 million funding round led by JPMorgan Chase & Co. and Trident Capital Cybersecurity. The company offers a platform that can peel back the layers of a file to uncover any malware which may be lurking within.

Dubbed TitaniumCore, the software can handle most of everything from documents to obscure media formats. It breaks down files to their most basic elements and extracts security-related information that may reveal the existence of a malicious payload. To identify potential threats, the results are checked against a malware database that ReversingLabs keeps up-to-date by analyzing 10 million new files from around the web each day.

TitaniumCore performs all these steps in a matter of milliseconds. As a result, ReversingLabs said, companies can inspect more of their internal files than they could with traditional alternatives, leaving fewer blind spots for hackers to exploit.

The startup isn’t the only one that sees room for improvement in how companies detect malware. Minerva Labs Ltd, which closed a $7.5 million round earlier this year, has developed its own approach to fighting camouflaged threats. It involves keeping them dormant until they can be cleaned up by a company’s cybersecurity team.

ReversingLabs likewise notifies administrators of threats picked up by its platform. Moreover, the startup’s software provides integration with outside network protection tools that allow it to be baked into a company’s existing security workflow.

The Wall Street Journal reported that ReversingLabs has about 200 customers. Among them are several government agencies it won over with the help of investor In-Q-Tel, a Virginia-based fund that functions as the venture capital arm of the U.S. intelligence community.

Image: Unsplash

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