Internet security startup Fireglass raises $20 million

05.19.14_technewsrprt.com_cyber-security

Network security startup Fireglass just announced the close of a $20 million Series A funding round that was led by Lightspeed Ventures and FireEye investor Norwest Venture Partners. Mickey Boodaei and Rakesh Loonkar also participated in the round.

Fireglass is one of the many cybersecurity startups with roots in Israel. The region has become a hotbed for next-gen security technology, and an apparent go-to spot for M&A prospects.

The funding will be used to “expand research and development efforts in addition to building out its sales, marketing and support teams in North America and Europe,” according to a company statement.

The startup which has was started in 2014 has offices in New York but runs its research and development operations out of Israel. The firm plans to use the funding to expand its R&D efforts, as well as its sales and marketing teams in North America and Europe.

A few Israeli tech deals with the last year the Microsoft acquisitions of Secure Islands and Adallom, the ARM acquisition of Sansa Security, and PayPal’s acquisition of CyActive.

Fireglass claims to use “no-compromise military approach” to enterprise security, with a focus on cyber attack prevention and risk management. The company was founded by former Check Point Software exec Guy Guzner, and Dan Amiga, who comes from a background in Israeli military intelligence.

Share on TwitterShare on FacebookShare on LinkedInPin it on PinterestSubmit to redditSubmit to StumbleUponShare on Tumblr

Written by admin

Leave a Reply