Another high-profile security breach, another call to ramp up cybersecurity measures. Organizations are caught in a seemingly endless cycle. While they invest heavily in multiple tools to detect and counter threats, these tools often introduce a separate challenge: too many alerts and not enough qualified security staff to process them effectively.
Intezer, a leading vendor for security operations teams, offers an automated solution to address this challenge. Norwest is pleased to announce that we are leading their latest round of funding to further accelerate the company’s growth.
The Diminishing ROI of TMI in Security Threat Detection
Proliferating detection tools generate a deluge of alerts, which the security operation center (SOC) has to manage. But there isn’t enough talent to staff all the SOC teams needed. The World Economic Forum estimates a current global shortage of 4 million cyber professionals. This shortage has stretched SOC teams to their limits and drives demand for third-party solutions, namely managed detection and response services (MDRs) and managed security service providers (MSSPs). Demand for talent is so great, however, that even MDRs and MSSPs struggle to meet industry demand.
This growing volume of alerts leaves organizations exposed, as they can miss high-priority incidents among numerous lower-priority notifications or false alarms. In some cases, these lower-priority notifications are never investigated.
Industry analysts point to the threat landscape getting worse, raising questions about the efficacy of large investments in security tools, which haven’t stemmed the lengthening mean time to respond (MTTR) and the diminishing efficiency of the SOC.
The holy grail for SOCs are tools that use intelligent automation to eliminate the bottleneck of manual work and reduce exposure, which is exactly what Intezer does.
Applying AI to Emulate Experienced SOC Analysts
Intezer’s Autonomous SOC platform fully automates alert triage workflows and tasks. Using proprietary and third-party AI models, Intezer improves the efficiency and effectiveness of SOC teams. The Intezer solution auto-resolves the majority of alerts and determines whether to escalate incidents while providing a full root-cause analysis and recommended actions to senior analysts and incident response (IR) teams.
Benefits to enterprise SOCs include improved efficiency, productivity, and detection. For MDRs and MSSPs, Intezer also enables faster and more cost-effective scaling of services to their customers.
Intezer Customers Report Significant Benefits
Leading global enterprises and MSSPs are increasingly adopting the Intezer Autonomous SOC solution. Customers reported that the Intezer platform’s alert investigation time is 60 times faster than a manual analyst, as it can simultaneously conduct various tasks to triage multiple alerts. On average, this fast, AI-driven triage escalates only four percent of alerts to the SOC team for immediate response. Intezer achieves those results through effective filtering of alerts and false positives, as well as the additional context provided by their investigation capabilities.
Furthermore, Intezer customers love the product because it empowers their analysts to focus on high-value tasks instead of tedious, repetitive toil, thereby reducing fatigue, minimizing turnover, and improving morale among these key front-line security professionals.
Why Norwest Is Excited About Intezer
Intezer has a tremendous opportunity ahead of them and we are confident the team has the ability to capitalize on it. Here are just some of the reasons why:
- Major and widely recognized problem – Virtually every enterprise and security service provider is looking to address the cyber talent shortage.
- Leader of an emerging category – Intezer’s technology leads the emerging AI SOC platform category, taking a unique approach to security operations by leveraging AI to automate investigations and decision-making processes for human analysts.
- Proven technology with a unique data moat – The starting point for Intezer’s Autonomous SOC is their unique threat analysis technology. The company is uniquely positioned to build an AI-enabled solution based on their alert triage data and learnings. Their solution’s value has already been validated by the dozens of Fortune 500 companies that use and love it.
- Uniquely positioned founders – CEO Itai Tevet and CTO Roy Halevi, the co-founders, have deep experience and expertise in building and deploying similar solutions and are well-positioned to build the next generation of security operations tools.
- Large and rapidly growing market – The Security Automation market is valued at over $9 billion and projected to grow at an annual rate of over 14 percent. Intezer’s solution serves both the customers of these services, as well as the companies providing them.
We are thrilled to work with Itai, Roy, and the team as they scale Intezer into a leading cybersecurity platform and capitalize on the massive opportunities for advancing security operations through AI.
