Cybersecurity startup Morphisec, which provides moving target defense, has raised $12m through a Series B round of funding.
The round features new investor Orange Digital Ventures, the digital investment arm of Orange, as well as existing Morphisec investors Jerusalem Venture Partners, and Deutsche Telekom. Additional capital came from La Maison, Portage Partners, OurCrowd, Kodem Growth Partners and Evolution Equity Partners. It brings the company’s total funding to $19m, having closed its Series A in July 2016.
Founded in 2014, Morphisec’s patented Moving Target Defense innovation is the foundation of its Endpoint Threat Prevention solution, which ‘quickly and simply’ prevents advanced threats for customers.
The company claims its new approach to endpoint protection makes it the only solution that can protect during major operating system patching gaps, against zero-day attacks, fileless malware and more. It does this all while providing significant operational and business benefits, including continuity across patch cycles without the need for updates, zero false positives and no performance degradation.
It provides the dashboard, which enables users to view current organisational attack status at a glance, view, filter and sort information, manage endpoint Protectors, view high level attack information and gain additional insights for conducting forensic analysis
“Now is the time to invest in cybersecurity technology that is poised to dramatically hamper attackers’ ability to operate and to enable organizations to succeed in eliminating advanced threats,” said Yoav Tzruya, JVP general partner, and chairman, board of directors, Morphisec. “As threats increase in scale and severity, alternative technologies don’t fully solve the challenges, further increase direct costs and are unable to fend off business continuity issues caused by zero-day threats. Our belief is that Morphisec is well-positioned to become the most critical protective layer in today’s rapidly evolving security stack.”
Earlier this year, Perception Point, a Tel Aviv-based cybersecurity firm whose technology intercepts intercept attacks, closed a $8m Series A funding round. The round was led by Pitango Venture Capital along with State of Mind Ventures (SOMV) and Korea Investment Partners (KIP). As part of the deal, Rami Kalish from Pitango will join Pinhas Buchris from SOMV on the Perception Point board of directors.
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
