LightCyber, a Ramat Gan, Israel-based provider of Behavioral Attack Detection solutions, completed a $20m financing round.
The round was led by Access Industries, through its Israeli technology investments entity, ClalTech, and network security luminary Shlomo Kramer (who joined the LightCyber Board of Directors last year) with participation from existing investors Battery Ventures, Glilot Capital Partners and Amplify Partners. In conjunction with the funding, Daniel Shinar, ClalTech’s chief executive officer, will join the LightCyber Board of Directors.
The company intends to use the funds to grow sales and marketing efforts worldwide.
Founded in 2012 and led by Gonen Fink, chief executive officer, LightCyber provides a platform that integrates user, network and endpoint context to provide security visibility into a range of attack activity which is not detected by traditional security controls.
The solution has been deployed by customers around the world in industries including the financial, legal, telecom, government, media and technology sectors.