Cyphort, Inc., an advanced threat monitoring and mitigation platform, today announced that it closed in $15.5 million Series B funding. The oversubscribed round was led by Trinity Ventures with participation from existing investors; Foundation Capital and Matrix Capital. Fred Wang, General Partner of Trinity Ventures, will join Cyphort’s Board of Directors. The latest round of funds will be used to accelerate delivery. Additionally, the company announced the hire of Shishir Singh, former VP of Network Security Engineering from McAfee as Cyphort’s VP of engineering. The appointment is part of Cyphort’s strategy to aggressively expand sales, marketing and engineering to meet increasing demand from enterprise customers for advanced persistent threats (APTs) protection.
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