Israel cyber security company SafeBreach has raised $4 million from Sequoia Capital and serial entrepreneur and angel Shlomo Kramer. Following the investment, Sequoia partner Gili Raanan will join SafeBreach's board of directors. The investment is the first for SafeBreach, which plans to use the money from the financing round to expand its development in Israel and its North American business.
CEO Guy Bejerano and Itzik Kotler, veterans of the IDF Air Force and IDF Intelligence unit 8200, founded SafeBreach in 2014. Both of them are very experienced in information technology. Bejerano led the defense deployment at several large companies, most recently LivePerson Inc. (Nasdaq: LPSN); TASE: LPSN). He says that the push to found a company was due to his ambition to change the rules of the game, in which the attacker has a crushing advantage over the defender.
SafeBreach generates war games simulations within the organization's information systems, analyzes the effect of the attacks and the effectiveness of the defense products at any given moment, and enables the organization to realize what risks it faces, and to close loopholes against an attacker trying to cause real damage.
Bejerano says, "As information security manager, you feel caught in game rules you didn't create. The very fact that companies allow attackers to make the first move, and only then understand whether their defenses are effective, gives the attacker an absolute advantage.
"The annual survey by Verizon showed that over 90% of the attacks could have been prevented by using existing means in the organization. This figure only shows that effective defense requires prior understanding of the attack and how your information security tools cope with it - that's exactly what SafeBreach continuously provides to its customers."
Kramer said, "The company has developed an especially innovative solution for organizational security risk management. While the market for security threats has been replete with innovation in recent years, the risk management field is relatively static. SafeBreach has therefore woken up a sleepy market, and is defining a new category."
Published by Globes [online], Israel business news - www.globes-online.com - on July 8, 2015
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