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https://www.haaretz.com/israel-news/business/.premium-investors-hare-for-cybersecurity-1.5313742
Two Israeli Cybersecurity Startups Raise a Combined $25 Million
Adallom got $15 million while Aorato raised $10 million.
Jan. 22, 2014
Updated: Apr. 24, 2018
Two Israeli cybersecurity startups started by alumni of army technology units separately announced this week they had raised a combined $25 million from investors.
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Adallom, which protects databases by accumulating behavioral data generated by users, said on Monday that a group led by Index Ventures and including Sequoia Capital Israel had invested $15 million. Sources estimated that the investment valued Adallom at as much as $100 million. The company plans to used the proceeds to expand its sales force and its Tel Aviv-based development team.
On Tuesday, Aorato, whose technology watches for suspicious usage of employee credentials, such as multiple guessing attempts, said it raised $10 million from investors led by the U.S. venture capital fund Accel Partners. Other backers included Google Chairman Eric Schmidt’s Innovation Endeavors, Glilot Capital Partners and Mickey Boodaei and Rakesh Loonkar, the two cofounders of startup Trusteer, which was acquired last year by IBM for $650 million. Glilot invested $1 million in the startup in 2012.
Adallom has developed a system to monitor the use of software applications like the customer relationship management program Salesforce, Google apps and Microsoft Office 360 and protect data security. It works by directing data traffic that comes from the servers of software service providers to servers it controls with global cloud computing service providers.
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https://www.haaretz.com/israel-news/business/.premium-investors-hare-for-cybersecurity-1.5313742