JASK Gets Rolling with a $12M Round
June 28, 2017
JASK emergeg from stealth with $12
million in Series A funding. The round was led by Dell Technologies
Capital along with TenEleven Ventures. Existing investors Battery
Ventures and Vertical Venture Partners also contributed. Deepak
JeevanKumar, managing director at Dell Technologies Capital; and, Mark
Hatfield, managing partner at TenEleven Ventures, will join JASK's
board. The funding allows JASK to expand its data science teams,
accelerate product development, and focus on machine learning (ML) and
artificial intelligence (AI) research. Founded by cybersecurity veterans
Greg Martin and Damian Miller, JASK uses machine learning technology to
improve the agility and effectiveness of security operations teams,
effectively operating as an AI-enabled analyst.
Humans are the best defense against cyberattacks today. However, there
is a shortage of candidates to fill cybersecurity roles. Due to the lack
of trained cybersecurity professionals, many organizations spend too
much of their time on common malware infections, leaving organizations
vulnerable to the targeted threats that matter most. JASK leverages
advanced AI to deliver end-to-end network monitoring -- surfacing and
triaging the most relevant attacks, while providing a clear picture of
the attack surface. JASK enables organizations and their security
analysts to spend their limited resources on only the most dangerous
"JASK is dedicated to eliminating the inefficiencies within security
operations by equipping security analysts with artificial intelligence,"
said Greg Martin, co-founder and CEO of JASK. "We are excited to have
both Dell Technologies Capital and TenEleven Ventures lead our Series A
round; they have identified cybersecurity as a pressing concern and
understand the necessity of machine learning technology and AI in
driving innovation. This funding allows us to execute on our vision to
modernize security operations, and deliver new levels of agility and
capability to security teams."
Security operations needs innovation because the gap between attacker
capability and what traditional technologies can detect continues to
grow for three reasons. First, organizations are becoming more
distributed, which stretches and changes the network border. Second, new
technologies -- mobile computing, internet-connected smart devices, etc.
-- provide hackers with an increasing number of attack surfaces.
Finally, hackers continue to develop new forms of attacks at an
unrelenting pace. JASK helps close the gap between people and technology
by allowing security operations teams to increase the speed with which
they can identify and defend against cyberattacks.
"Without AI and machine learning, cybersecurity will continue to be a
difficult problem to solve," said Deepak JeevanKumar, managing director
at Dell Technologies Capital. "JASK shares that vision, and its
experienced leadership team is dedicated to pushing the boundaries of
cybersecurity innovation. I look forward to working with the company and
team as they progress and enable security analysts to become more
operations teams can deploy JASK's cloud platform in just hours and
realize immediate results. The platform offers increased clarity about
organizations' risks and their implications. By employing machine
learning and AI that evolve and automate defenses over time, JASK's
platform allows security operations to act with increasing
sophistication the longer JASK is in place.
"Modern cyberattacks have evolved rapidly over the years, and security
technologies have failed to keep up with the pace of change," said Mark
Hatfield, managing partner at TenEleven Ventures. "I'm excited to join
JASK because I believe Greg Martin and his team understand the
cybersecurity landscape and today's prevalent threats. Defending against
today's hackers requires investments in machine learning technology and
artificial intelligence. We believe JASK is offering a compelling
approach to modernizing enterprise security operations."