Illusive Networks raises $24 million to thwart cyberattacks with honeypots
Illusive Networks, a cybersecurity startup specializing in defense and deception, today announced $24 million in venture funding. The company says the investment will be used to accelerate its next phase of growth, driven by a go-to-market strategy that focuses on sales and marketing expansion, with an emphasis on product enhancements for securing cloud workloads.
Damage related to cybercrime is anticipated to hit $6 trillion annually by 2021, according to Cybersecurity Ventures. Corresponding with this rise, Gartner reports that worldwide spending on cybersecurity is expected to reach $133.7 billion in 2022.
