Javelin Networks, an Austin cybersecurity company that combines a multifaceted product for protecting IT with artificial intelligence to help prevent future breaches, has brought in $5 million to reach more customers through a sales and marketing push.
The company, which started in 2014 in Palo Alto, California, and moved to Austin last year, employs 20 people but plans to hire in marketing, sales, support and operations in 2017. Co-founder Roi Abutubul is CEO.
Javelin is generating revenue but is not yet profitable, a spokesman said — executives expect to reach that mark in the next few years.
The startup is competing with legacy cybersecurity companies that offer standard breach protection. However, Javelin executives said their autonomous software is different because it can stop an attack “at the point of entry,” by keeping an infected computer from spreading a virus throughout a corporate network. And it doesn’t require the intervention of a human worker to do so.
Javelin also has an AI platform that can analyze cyber attacks to provide executives with insight into where and how hackers attempted to gain access to their network.
Investors in the $5 million series A round included RSL Capital, Hillsven Capital, UpWest Labs and Tomer Weingarten, CEO of SentinelOne, a Silicon Valley cybersecurity startup that recently raised a huge $70 million round of venture capital.
Javelin has also hired Greg Fitzgerald as chief operating officer, to oversee operations, sales and marketing. He was previously chief marketing officer and a member of the founding team at Cylance Inc., a Silicon Valley cybersecurity unicorn with a valuation of more than $1 billion. He has also worked in executive roles at cybersecurity firms Fortinet Inc. and Sourcefire Inc., according to his LinkedIn profile.