Israeli startup LogDog has announced the completion of a $3.5 million financing round. The company will use the money to reinforce its research and development efforts, launch new features for its Android app, launch an iPhone version of its app, and add to its staff by recruiting new employees.
Led by BRM Capital , the financing round also included the company's existing investors: FirstTime Venture Capital, The Time VC, Maxfield Ventures, and Curious Minds Investments.
Founded in 2013 by CEO Uri Brison and CTO Shlomi Cohen, LogDog raised $1 million before its latest round. The company has a staff of seven in Ramat HaHayal.
LogDog's solution is designed for e-mail services and storage sites that have become places where users store a great deal of personal content. A break-in by an outside party is liable to reveal personal information that the user does not want exposed (personal pictures, credit card particulars, and documents). The problem is that the user does not always know whether someone has really managed to penetrate his account. A break-in can be completely silent, with no warning from the service. LogDog solves this security problem. LogDog is installed as a smartphone app, and can record the user's actual physical location. If the user is in Tel Aviv and his gmail account is entered from a computer in Ra'anana, this is suspicious.
Published by Globes [online], Israel business news - www.globes-online.com - on July 16, 2015
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