The funding is expected to allow Prevailion to further enhance its intelligence and threat detection programmes
Prevailion has now become a part of Accenture Ventures’ Project Spotlight. (Credit: Darwin Laganzon from Pixabay).
Irish technology company Accenture has invested in cyber intelligence company Prevailion to offer its clients early warning of cyber threats.
Accenture Ventures, the venture capital arm of Accenture, has invested in a funding round of Prevailion. The round was led by Allstate Strategic Ventures and also saw participation from Irongrey (SeAH).
Through adversary counterintelligence, Prevailion enables the early detection of advanced threats to provide its clients with wide visibility into malware across their organization and supply chains.
The funding is expected to enable the company to further enhance its intelligence and threat detection programmes through its Evidence of Compromise (EoC) solution.
According to Prevailion, the EoC solution is designed to detect cyber compromises within seconds of malware first landing on a network.
Currently, the company is engaged in tracking more than 28,000 compromised organizations globally.
The investment in Prevailion is expected to expand Accenture’s capabilities to offer clients advanced indications and warnings of cyber threats through actionable evidence of malware.
Accenture Security’s global cyber defence practice lead Josh Ray said: “Prevailion’s innovative approach in exposing emerging adversaries, especially when paired with our best-in-class cyber intelligence team, will enable our clients to face the next generation of threats with confidence.
“Prevailion’s multi-industry reach will enhance our cyber insurance services, including those geared toward mergers and acquisitions, and enable our team to proactively detect and mitigate threats targeting our clients.”
Through its Compromise Intelligence solutions, Prevailion offers clients to gain a full view of actual threats to their organisations.
The solutions are also designed to obtain a view of threats of their ecosystem partners early in the overall attack chain.
With the investment, Prevailion has now become a part of Accenture Ventures’ Project Spotlight, which is a programme that aims to fill innovation gaps by connecting emerging technology software startups with the Global 2000.
Accenture has also made investments in other cybersecurity and intelligence companies that include Quantexa, Team 8, Endgame and Claroty.