US-Israeli application data security start-up Imperva Ltd. has raised $20 million in its fourth financing round led by Meritech Capital partner of the US. Previous investors Accel Partners, Greylock Partners, US Venture Partners, and Venrock Associates also participated in the round.
Imperva said that the proceeds would be used as expansion stage capital to take advantage of rapid growth in demand for application data security products in both the US and international markets.
Imperva president and Shlomo Kramer founded the company in 2002. He was a co-founder of Check Point Software Technologies Ltd. (Nasdaq: CHKP) alongside chairman and CEO Gil Shwed and Marius Necht. Imperva has raised a total of $54 million to date and has 40 employees.
Imperva's SecureSphere solution is designed to protect enterprise Internet applications. In December, the company installed the system at Gaitame.Com Co. Ltd., a Japanese online foreign exchange trading company. IVC Online estimates the company revenue in 2007 at $25 million.
Published by Globes [online], Israel business news - www.globes-online.com - on April 9, 2008
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