Infrastructure protection services company Opswat today announced that it raised $125 million from Brighton Park Capital, the startup’s first external funding round. Opswat says the capital will support its R&D and hiring efforts as it looks to acquire new customers.
More than three quarters of IT security leaders anticipate a major breach involving a critical infrastructure organization in the near future, according to a Black Hat USA survey. It’s estimated that 31% of organizations have experienced cyberattacks on operational technology infrastructure. Perhaps unsurprisingly, Gartner found that organizations planned to invest $17.48 billion in infrastructure protection in 2020.
San Francisco, California-based Opswat, which was founded in 2002, protects critical infrastructure by attempting to eliminate malware and zero-day attacks. Its products focus on threat prevention and process creation for secure data transfer and safe device access. Toward this end, Opswat offers two platforms — MetaDefender for threat prevention and MetaAccess for cloud access control and endpoint compliance.
MetaDefender leverages what Opswat calls content disarm and reconstruction — “deep CDR” – to remove threats from files by reconstructing the files while stripping out potentially malicious content. The platform also delivers multiscanning with over 30 antimalware engines, file-based vulnerability assessment, and proactive data loss prevention technologies, which spot and redact sensitive information like names, companies, subjects, GPS locations, authors, and more in emails and other messages.
As for MetaAccess, it allows access to software-as-a-service apps and cloud data based on device health and compliance, helping to block potentially risky devices.
MetaAccess and MetaDefender draw on Opswat’s endpoint compliance technology, which detects and classifies over 5,000 apps to enable monitoring, management, and real-time remediation. It’s complemented by anti-keylogger and screen capture prevention features that intercept and conceal keystrokes from malware and block unauthorized screengrabs by users, web collaboration tools, and apps.
Opswat competes with Confluera, Erikos, IP Access, and others in a global cybersecurity market that’s valued at over $156.5 billion. But Opswat claims to have over 1,000 customers, including IBM, Comcast, American Express, the U.S. Department of Homeland Security, and 98% of U.S. nuclear power facilities. The company recently announced that its channel partner program now covers over 40 countries and will expand by 50% this year.