From the last few days, there has been a lot of investment action happening among cyber security startups in Israel. Several startups have raised funding to fuel their growth strategy and one has even gotten acquired. Here is a quick roundup of who recently raised funding to make Internet a safe place
Founded in 2012, Skycure is an Israeli cyber security startup which identifies and remediates threats, vulnerabilities and attacks on all levels – physical, network, malware and application. It has secured $8 million in series A funding led by Shasta Ventures, with participation from Skycure customer New York Life Insurance Company, existing investor Pitango Venture Capital, and others. The startup aims to utilize the new funding to develop the company’s sales and marketing efforts and invest further in R&D, including hiring in the U.S. and Israel. Till date, including this round, the firm has received a total capital of $11 million in 2 rounds.
Launched in 2011, LightCyber is a provider of breach detection and response solutions. It has raised $10 million in funding led by Battery Ventures with participation from existing investors Glilot Capital, and Marius Nacht, the founder of Check Point Software (CHKP). The company aims to utilize the raised funds to expand LightCyber sales and marketing operations in the U.S. market to meet the increasing demand from enterprise customers for its flagship automated breach detection product – LightCyber Magna. Till, date the firm has secured a total capital of $11.5 million in 2 rounds.
enSilo is another cyber security startup, which offers a real-time targeted attack ex-filtration prevention platform. Earlier this month, the startup had raised $2 million in seed funding round from Carmel ventures to prevent the exfiltration or taking of data. The company’s solution enables organizations from all verticals to prevent business critical data from being stolen from the organization by advanced attackers even in the face of the persistent, chronic and advanced attacks.
Founded in 2013, it is specializes in technology that can predict how a malware will develop in systems. The company has developed an ability to automatically forecast the future of malware evolution, based on bio-inspired algorithms and a understanding of black hats’ hacking process. It has taken an undisclosed amount of funding from Jerusalem Venture Partners and the VC arm of Germany’s Siemens. The startup has now been acquired by PayPal for $60 million to extend its global security leadership.