IronScales, a Ra’Anana, Israel-based cyber security startup, raised $1.5m in seed funding.
The round was led by RDSeed, an investment arm of Rafael Development Corporation (RDC).
The company intends to use the funds for ongoing product development and the expansion of its operations in Europe and the U.S.
Founded in 2013 and led by Eyal Benishti, CEO, IronScales develops an employee-based intrusion prevention system with an automated phishing-mitigation response, which allows enterprises to protect themeselves from criminals attempting to deceive employees into revealing sensitive information such as usernames and passwords so they can then install spyware, remote-access Trojan horse attacks or ransomware.
The solution is currently in use by dozens of customers in the financial sector, as well as security and telecom companies.