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EDB unit backs cybersecurity company CounterTack

It joins other investors to put in US$15m of Series C funding; plans to help firm expand in Asia

Singapore

IN a boost to Singapore's efforts to become a cybersecurity hub, EDBI, the Singapore Economic Development Board's investment arm, has teamed up with a number of investors to put in US$15 million of Series C funding for US cybersecurity company CounterTack, which has developed a unique technology to use big data to detect threat patterns and anticipate online attacks. With this investment, EDBI plans to help the company expand in Singapore and Asia.

The Series C funding is led by TenEleven...

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