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TELECOM & INTERNET | Staff Reporter, Singapore

Singtel venture capital arm invests in "deception tech" firm

It joins an investor pool that placed $47.5m in the firm.

Singtel's venture capital arm Singtel Innov8 made a strategic investment in Attivo Networks, a firm specialising in deception solutions for cybersecurity.

According to a press release, the funding will be used to accelerate expansion into Asia Pacific markets with increased investment in sales, marketing and customer support operations in support of growing global deception technology customer base.

The value of the investment was undisclosed.

Singtel Innov8 joins current investors Bain Capital Ventures, Omidyar Technology Ventures, and Trident Capital Cybersecurity, that have collectively provided $47.5m in funding to Attivo Networks.

Taking a page out of military operations, Attivo applies deception-based decoy and attacker luring technologies within the network to deceive and misdirect attackers into revealing themselves.

Singtel Innov8, focused on startups, has a fund size of $329.65m (US$250m).

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