from the February 2017 issue

Israeli cyber security co LightCyber raises $20m

LightCyber has raised $32 million including $20 million last June, meaning that investors are seeing returns of at least quadruple their investment. Early investor Glilot Capital will see $27 million for its $4 million investment, while Shlomo Kramer with a 12% stake will see $16 million.

The company has annual revenue of $10 million. This is Palo Alto Networks second Israeli acquisition after buying information security company Cyvera in 2014 for $200 million.

Palo Alto Networks says it will continue to offer the LightCyber products and support existing customer implementations while it engineers the technology into the Palo Alto Networks Next-Generation Security Platform by the end of the calendar year. Bringing behavioral analytics to the platform will enhance its automated threat prevention capabilities and the ability for customer organizations to prevent cyber breaches throughout the entire attack life cycle.

Palo Alto Networks chairman and CEO Mark McLaughlin said, "The LightCyber team's vision to bring automation and machine learning to bear in addressing the very difficult task of identifying otherwise undetected and often very sophisticated attacks inside the network is well-aligned with our platform approach. This technology will complement the existing automated threat prevention capabilities of our platform to help organizations not only improve but also scale their security protections to prevent cyber breaches."

Reprinted from the Israel High-Tech & Investment Report February 2017

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