Israeli Startup Skycure Raises $8M to Warn Against Mobile Threats

Image Source: skycure

Image Source: skycure

Israeli cyber security startup, Skycure has raised $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.

As per a GeekTime report, the raised funding will be used to develop the company’s sales and marketing efforts and invest further in R&D, including hiring in the U.S. and Israel. Before this investment, the firm has received $3 million in two other funding rounds.

Skycure, which is available for download on iOS and Android, identifies and remediates threats, vulnerabilities and attacks on all levels – physical, network, malware and application. Skycure’s Map feature allows users to actually see the network-based and crowd-identified threats around them in real-time.

There are other Israel-based cyber security startups also getting traction among investors. For instance, this month enSilo has raised seed funding round from Carmel ventures to prevent the exfiltration or taking of data. In September 2014, cyber security startup LightCyberhad received USD 10 million in a new funding led by Battery Ventures with participation from existing investors Glilot Capital, and Marius Nacht, the Founder of Check Point Software (CHKP).

To extend its global security leadership, PayPal has also acquired Israel-based security firm CyActive for $60 million.