Cybersecurity is very much a time-sensitive pursuit, and a company in the space just got a capital infusion to speed things up.
It was announced yesterday (Oct. 6) that Morphisec, a developer of cybersecurity detection and prevention tools, closed a $7 million Series A funding round led by JVP, GE Ventures, Deutsche Telekom, Portage Advisors llc. and OurCrowd.
In the related press release, Morphisec — which was launched in 2014 in JVP Cyber Labs in Be’er Sheva — touts its security tools’ application of polymorphism as uniquely effective in detecting attacks early, blocking them and creating identifying information about them.
“The strategic investment by GE Ventures, Deutsche Telekom and other leading financial groups demonstrates the value of our unique cybersecurity offering for a broad range of environments, from endpoints to servers, gateways and to cloud security,” said Ronen Yehoshua, Morphisec’s CEO, in the release. “We are already seeing great traction with enterprises and global channels, and this investment will allow us to expedite the sales and marketing of our flagship product in the U.S. and Europe. We look forward to sharing more details about the solution in Q4 when we officially come out of stealth.”
“By turning attackers’ tactics back on themselves, Morphisec provides a game-changing technology in the enterprise security segment. It provides a unique offering that fulfills a major market need for protection against both known and zero-day attacks,” Yoav Tzruya, partner at JVP, also commented in the press release. “The market is over-saturated with detection technologies that are less than perfect in their detection rates and entail significant run-time and management overhead for enterprises. Morphisec offers just the opposite. We see the company’s early customer adoptions as a testament to the strength of the Israeli cybersecurity sector and the innovation that drives it.”
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