San Antonio-based Infocyte, a cybersecurity startup, received $3.4 million in Series A funding led by Austin-based LiveOak Venture Partners.
Other investors included Feik Enterprsies and Hollis Family Partnership. As part of the deal, Live Oak General Manager Venu Shamapant and Nicolas Hollis, CEO of Coherent Cyber, will join the Infocyte board of directors.
“The Infocyte team has leveraged deep domain expertise gained from years in national cyber defense to develop an innovative and proven solution that automates threat hunting,” Venu Shamapant, General Partner, LiveOak Venture Partners said in a news release. “We are excited to partner with Infocyte to bring threat hunting to a wider enterprise audience.”
Infocyte specializes in creating software that helps companies hunt for malicious software and hidden users on their networks.
“The truth is many companies are hacked and don’t even know it,” Chris Gerritz, Founder of Infocyte, said in a news release. “Investors recognize that our progressive approach to automated enterprise threat hunting empowers organizations to be proactive in discovering and dealing with security breaches.”
Infocyte’s platform seeks to automate processes that once required a lot of manpower. The software also reduces the time to detect a breach in the system and fix it.
In November of 2014, Infocyte received a $500,000 seed stage investment from LiveOak Venture Partners. The company, founded in May of 2014, also received $200,000 in initial funding from an undisclosed angel investor. Infocyte is based at Geekdom, a co-working and technology accelerator based in the Rand Building in downtown San Antonio.
Gerritz and Ryan Morris, co-founder, both formerly worked as officers in the U.S. Air Force on Security Hill at Lackland Air Force Base in San Antonio in cyber security roles.