Cloud security co Porticor raises $1.5m

The Ramat Hasharon based company has raised the funds from Glilot Capital Partners.

Cloud security company Porticor Virtual Private Data has raised $1.5 million from Glilot Capital Partners. The company, which was founded in 2010 by CEO Gilad Parann-Nisanny, CTO Yaron Sheffer and VP sales and marketing Ariel Dan, has developed data encryption with patented homomorphic split-key management to offer solutions for safeguarding data in the cloud.

Porticor is based in Ramat Hasharon north of Tel Aviv.

Glilot Capital Partners managing partner Kobi Samboursky said, "In the era of cyber threats, investment in the right information security technologies is critical for almost every organization. The transition to cloud computing is a fait accompli, and more organizations are moving their computer infrastructure to clouds to reduce costs and simplify operations."

He added, "On the other hand, because of the range of information security threats, storing and processing data on clouds is subject to risks and in some instances restricted due to regulatory reasons. Porticor provides a solution to this problem and enables customers to enjoy cloud computer advantages without excessive risk."

Published by Globes, Israel business news - www.globes-online.com - on February 19, 2012

© Copyright of Globes Publisher Itonut (1983) Ltd. 2012

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