Cyber security startup Fireglass today announces a $20 million Series A funding round and plans to use the funding to expand R&D efforts and build sales, marketing and support teams in North America and Europe.
Fireglass was founded by Israeli security experts with more than three decades of combined industry experience in building military and enterprise grade security solutions. The funding is led by Norwest Venture Partners, Lightspeed Venture Partners, Singtel Innov8, co-founder of Imperva and Trusteer Mickey Boodaei and co-founder of Trusteer, Rakesh Loonkar.
Fireglass was founded in 2014 by CEO Guy Guzner, formerly of Check Point and CTO Dan Amiga, formerly of Schneider Electric. Amiga, who comes from an Israeli military intelligence background, partnered with Guzner to provide an enterprise-grade security technology that utilizes the no-compromise military approach.
Guzner said, "We are seeing an outstanding response from deployments at Fortune 500 enterprises looking to boost and consolidate their existing protection measures, and we're proud to offer a solution that enables businesses to operate both productively and securely."
Norwest Venture Partners general partner Dror Nahumi said, "The phenomenal team behind Fireglass' innovative approach has transformed the way businesses can protect themselves from any malicious and harshly detrimental cyber attacks."
Mickey Boodaei believes Fireglass' fresh take on prevention can reduce the massive impact cyber attacks had on large enterprise and on financial institutions specifically. "Enterprises have long battled with cybersecurity issues. With the number of cyber security incidents constantly on the rise, companies are feeling the weight of additional capital and operating costs. The ever-increasing threat to enterprise's valuable information has garnered a significant uptick in security budgets, and the exceptional minds behind Fireglass have developed a solution that can both alleviate that burden and put security challenges to rest."
Published by Globes [online], Israel business news - www.globes-online.com - on January 26, 2016
© Copyright of Globes Publisher Itonut (1983) Ltd. 2016