Morphisec, a leading security company focused on secure endpoint and network protection, has just announced a new $31M Series C funding round. The round was led by JVP, with participation from Eight Roads Ventures, Dell Technologies, Cyberstarts and Infrastructure Capital Partners. This brings the total amount of money raised by Morphisec to $78M since the company’s founding in 2011. This new funding will be used to accelerate innovation in behavioral-based protection and enable the company to further expand its customer base.
Morphisec has been making moves over the past year to strengthen its position within the endpoint security space. The company recently acquired W Intelligence and is integrating its offerings into the Morphisec platform. This provides customers with integrated detection and response capabilities that work across their existing deployments. The platform provides customers with real-time visibility into potential threats and can detect zero-day malware and other threats, helping to protect endpoints from increasingly sophisticated attacks.
Overall, Morphisec’s latest funding and acquisition shows that the company is on the right path with its investments. The $31M will be used to scale the company’s offering and bring them closer to supporting large enterprises and governments. With the platform’s ability to detect anomalous behavior and block malicious activities, Morphisec is well positioned to become a leader in the endpoint protection space.
Morphisec Raises $31 Million in JVP-Backed Series B Funding
Morphisec, an Israeli cybersecurity company that protects endpoints from malicious activity, has announced a $31 million Series B funding round led by Jerusalem Venture Partners (JVP). The round also saw participation from private investors; the venture capital specialty firm C5 Capital; and Magma Venture Partners, which previously invested in the company. The new funding brings the total amount of capital raised by Morphisec to $45 million.
Morphisec develops an endpoint protection system that uses an AI-based behavioral engine to monitor and block malicious activity on endpoints in real-time. The company also provides an advanced threat detection solution that combines network, endpoint, process and file behavior analysis. Additionally, it offers a secure remote access solution that allows users to access their company networks from any device, without compromising security.
The investment will be used by Morphisec for further development of its platform and for expanding the sales and marketing initiatives of the company. The goal of the company is to create an all-in-one security suite, which is capable of providing cybersecurity solutions for businesses of all sizes.
The Series B funding was welcomed by the Chairman and Managing Partner of JVP, Erel Margalit. He highlighted Morphisec’s advanced technology and stated that the company has huge potential to bring innovation to the cybersecurity sphere. He also said that the company’s commitment to protecting customer’s data and networks makes them a great long-term partner for JVP.
As cyberattacks become more sophisticated and increasingly common, Morphisec’s products are becoming increasingly attractive for businesses looking to protect their sensitive data from cyber threats. With the new round of funding, Morphisec is well-positioned to continue to protect businesses from cyber threats and drive innovation in the cybersecurity industry.
Morphisec Closes $31 Million Series B Financing Led by JVP Venture Beat
Morphisec, a cybersecurity company committed to preemptively stopping mass-scale cyberattacks, recently announced that it has raised $31 million in a Series B investment round led by Jerusalem Venture Partners (JVP). This financing brings the total amount of funding raised by Morphisec to $49 million.
The new funding will be used to further expand the company’s product portfolio and expand its presence in the cybersecurity market. Morphisec will also use the funds to further grow its global footprint as well as explore strategic acquisitions and partnerships.
Morphisec’s cybersecurity technology is designed to protect large-scale organizations from the threat of a wide range of cyberattacks. The company’s advanced layer of protection preemptively stops threats before they can reach the corporate network or endpoint. The company works with leading financial institutions, governments, critical infrastructures, and enterprises to provide them with the necessary protection they need in today’s cyber environment.
The company also provides a comprehensive analytics platform which helps organizations gain visibility into their overall threat landscape and take action to prevent potential attacks.
“We are extremely honored to have JVP, a premier venture firm with a strong history in the Israeli cyber ecosystem, be the lead investor in this round” said Morphisec co-founder and CEO, Ronen Yehoshua. “This follows our Seires A round which included investors like Red Dot Capital and Lockheed Martin Corp, and continues of our mission of driving innovation and ushering in a new era in threat prevention. The new funds will help us expand our global presence, scale operations and continue to be at the forefront of helping organizations to keep their networks safe and secure.”
The Cybersecurity industry is being driven by the continued development of sophisticated threats targeting critical infrastructures and enterprises. This funding is a sign of confidence for Morphisec and its innovative cybersecurity platform and shows that the company remains at the forefront of the industry despite the ever-changing landscape.
