Illusive Networks, a leader in active cyber defense and deception solutions, today announced it has reached significant milestones in customer adoption: growing at a rate of 228% in new annual recurring revenues over 12 months, another funding round, and strategic new hires.

The $24 million B1 round of funding had wide participation from new investors alongside existing investors - Spring Lake Equity Partners, Marker, New Enterprise Associates, Bessemer Venture Partners, Innovation Endeavors, Cisco, Microsoft, Citi and others.

Illusive reduces cyber risk by shrinking the attack surface and stopping attacker movement. Illusive creates a hostile environment for attackers, depriving them of the means to progress towards critical assets after breaching the perimeter. Hackers are increasingly finding more vulnerabilities within an enterprise's security stack, allowing them to move laterally within the network and conduct reconnaissance and exfiltration. Illusive identifies and removes the vulnerable connections and credentials that enable attackers to move undetected, and then replaces them with deceptive versions that fool attackers into revealing their presence upon engagement. Unlike behavioral or anomaly-based threat detection, Illusive's agentless approach captures deterministic proof of in-progress attacks and provides actionable forensics to empower a quick and effective response.