![]() ![]() companies as European companies, that’s definitely changing,” Koo said. ![]() “While privacy hasn’t been as big of a concern for U.S. The company’s software is now compliant for every country in the world straight out of the box. This proved to be a helpful when the company decided to expand into Europe where strict data privacy laws prevent companies from collecting too much data on employees. Because of the poor infrastructure in these countries, Dtex learned the importance of having a lightweight and scalable software that didn’t collect more data than necessary. Dtex first entered the Asian market in 2004 to help major banks who had opened call centers in developing countries in Asia and were having problems with credit card numbers being sold on the black market. Koo says Dtex’s path as a company from Australia to Asia and Europe before entering the Silicon Valley-where so many companies start-has shaped both the company's product and perspective on privacy. "Everyone talked about the problems they've had with internal breaches and insider activity and how it was essential for them from a security perspective to find a product like Dtex and deploy it." "As we began to do our due diligence, it became very clear that this was a problem that was across verticals," Haque said. When Promod Haque, senior managing partner at Norwest Venture Partners started researching Dtex as a possible investment, he says he soon realized that insider threat was a growing threat. “For the first time, we’re seeing some of the biggest companies in the world include insider threat as a budgetary line item, and hiring people specifically with the insider threat title.” “Insider threat is something we started focusing on 10 years ago, but it’s really only in the past 12 months that we’ve seen it take off in the security space,” said Koo. Now, with its first round of funding, the company is hoping to establish itself in this new security market. Dtex had 60 employees globally with offices in Australia, the UK, Malaysia, Indonesia, Argentina, South Africa, and most recently, the United States. Dtex Systems uses big data analytics and lightweight end point security software to detect and predict insider threat, while prioritizing employee privacy. The company then expanded into Asia and Europe, and became profitable in 2013. In 2000, Mohan Koo founded Dtex Systems in Australia to build endpoint security software for the Australian government. Having just moved its headquarters to the Silicon Valley from London, Dtex Systems is setting its sights on Fortune 500 companies amidst growing concerns over the dangers of insider threat. A 15-year-old global insider threat protection company has raised $15 million in Series A funding led by Norwest Venture Partners and Wing Ventures.
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