Startup Fortscale Updates Security Suite, Banks M in VC

Fortscale’s user behavior analytics software can identify and eliminate insider threats by using machine learning, analytics capabilities and context-based alerting. Fortscale Security, a new-gen security provider that uses behavioral analytics to protect against insider threats, has been busy the last few weeks. After launching v2.0 of its suite earlier in the month, the San Francisco-based startup announced Nov. 24 that it has banked a total of $16 million in funding and has added a pair of new strategic partners, CME Ventures and UST Global.The three year-old company said the new financing will be used to implement sales and marketing campaigns.CME Ventures is the strategic investment arm of CME Group, a derivatives marketplace. CME Ventures makes minority stake investments in early-stage technology companies that could impact the financial ecosystem of the…


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