Israeli Cyber Security Startup Siemplify Raises $4M

February 21, 2016 | Israeli cyber security startup, Siemplify has raised $4 million, in a round led by 83North Venture Capital (formerly Greylock IL) and angel investors David Strohm (Partner, Greylock Partners), Alex Pinchev (Rackspace president Global Sales and Marketing), Alex Daly, (former ArcSight founder and CEO), Tom Kilroy (EVP Intel), and Moti Gutman (Matrix CEO). Coming out of stealth mode today, Siemplify presents a ‘central hub’ security operations platform that shortens the time from when an attack is discovered to when it is remediated. Siemplify’s product automatically correlates security alerts, identifies and prioritizes incidents, and graphically depicts the complete threat chain. “The problem is not detection per se but discerning the threats hidden in the noise of thousands of alerts generated by the disparate security monitoring systems. This makes it impossible to see the broader attack chain and identify root cause quickly,” said CEO Amos Stern in a statement.  Founded by Stern, VP R&D Alon Cohen, and Chief Research Officer Garry Fatakhov, the company has offices in New York and San Francisco, with an R&D center in Israel.