Indian software company Wipro invested the money for a stake in the Herzliya startup.
Indian software company Wipro has invested $1.5 million in Israeli startup Intsights Cyber Intelligence. In a filing to the Bombay stock exchange, Wipro said it was acquiring a minority stake in the startup.
Founded in 2015 by CEO Guy Nizan, VP Intelligence Alon Arvatz and CTO Gal Ben David, the Herzliya based company infiltrates the cyber-threat underworld to detect and analyze planned or potential attacks and threats. The company also provides advance warning and customized insight concerning potential cyber attacks, including recommended steps to avoid or withstand the attacks and delivers in-depth analysis of cyber threats originating from in-house sources, third-party sources or threat actors.
Intsights raised $1.8 million in October 2015 from Glilot Capital Partners. Wipro made the investment through Israel venture capital firm TLV Partners.
Published by Globes [online], Israel business news - www.globes-online.com - on August 21, 2016
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