Kleiner Perkins backs US$25M Series B Funding to JASK: General Partner Ted Schlein joins the board

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By Chris Cubbage, Executive Editor

“Ted Schlein”

JASK has successfully raised US$25 million in Series B financing, with almost all provided by Kleiner Perkins, one of the oldest and respected venture capitalist firms in the world. To add to the investment, Kleiner Perkins’ General Partner Ted Schlein is joining the JASK board of directors. In a case of ‘putting the team back together’ Ted was the original investor in ArcSight, which had also involved JASK co-founders Greg Martin and Damien Miller. The mantra is that after almost 20 years, its time to reinvent security operations.

Greg Fitzgerald, speaking from Austin, Texas explained, “We’re looking to solve the human scale problem in monitoring and managing the plethora of alerts, logs, events and activities across an enterprise. JASK will organise and discern between what is a real threat, versus a minor or no threat. JASK autonomously, without human interaction, can create the linkages and ‘insights’ of what incidents need human attention. We are helping the human analyst decide where to start, what’s the priority and what is the collective analysis and forensics, so they can take immediate corrective action.”

 “Greg Fitzgerald”

“In contrast to today and why this is a big deal to the disruption to the SIEM market, is that the existing technology has not innovated and have become repositories of information, which is often difficult to access and correlate to find what is meaningful. JASK provides the needed intelligence layer, across and over, these technologies to provide a more efficient form of data ingestion. This saves an immense amount of time as the process of collecting and analysing the traditional information can be a costly and timely exercise.”

With the additional funding, the focus will be on enhancing the sales and marketing and growing globally. There will be continued expansion of the feature capabilities of the platform and continuing to create a more enterprise product market fit. Greg said, “There is a host of capabilities that enterprises want and we will continue to build these into the product.”

“Greg Martin (CEO), with JJ Guy (CTO) and Rob Fry (VP of Engineering)”

JASK’s leadership team brings together decades of experience solving real-world SOC issues from ArcSight, Carbon Black, Cylance, Netflix, Cloudera and the U.S. counter intelligence community. Applying experience and understanding of how SOC teams operate drives the team to leverage automation where possible to streamline analyst workflows and improve human efficiency. Using AI and machine learning, the JASK ASOC platform is built for broader and smarter data ingestion to reduce the costs and bandwidth demands of outdated SIEM data storage models, while adding important context from all attack vectors, users, devices, networks, applications and third-party integrations.

Founded in 2015, JASK has dual headquarters in San Francisco and Austin.  For more information visit www.jask.com or follow JASK on Twitter (@jasklabs) and LinkedIn.

PODCAST EPISODE: Episode 79 – Autonomous Security Operations Centre (ASOC) platform – JASK’s application of AI & ML in the SOC

https://australiancybersecuritymagazine.com.au/episode-79-autonomous-security-operations-centre-asoc-platform-jasks-application-of-ai-ml-in-the-soc/

About Kleiner Perkins
Kleiner Perkins partners with the brightest entrepreneurs to turn disruptive ideas into world-changing businesses. With $10 billion raised through 20 venture funds and four growth funds, the firm has invested in over 850 companies including pioneers such as Google, App Dynamics, Amazon, Flexus Biosciences, Nest, Waze, Twitter, JD.com and Square. Kleiner Perkins offers entrepreneurs years of operating experience, puts them at the center of an influential network, and accelerates their companies from success to significance. For more information, visit http://www.kpcb.com and follow us @kpcb.

About JASK
JASK is modernising security operations to reduce organizational risk and improve human efficiency. Through technology consolidation, enhanced AI and machine learning, the JASK Autonomous Security Operations Center (ASOC) platform automates the correlation and analysis of threat alerts, helping SOC analysts focus on the highest-priority threats, streamlining investigations and delivering faster response times. www.jask.com

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