Venture Capital

Illusive Networks Raises $24M To Thwart Cyberattacks With Honeypots

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Illusive Networks, a startup developing technology to thwart cyberattacks with honeypots, has raised $24 million in fresh venture capital. : 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.

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