Israeli virtual hacker co Pcysys raises $4.5m

Yaron Ashkenazi Photo: Tomer Yacobson

Canadian venture capital fund AWZ Homeland Security has led the investment, its fourth in an Israeli cybersecurity startup.

Israeli virtual hacker company Pcysys has raised $4.5 million in a financing round led by AWZ Homeland Security I, a Canadian venture capital fund that invests exclusively in Israeli cybersecurity, intelligence and physical security technology. AWZ is investing $2.75 million in this financing round and will invest a further $1.5 million in the future.

Pcysys was founded by CTO Arik Liberzon and Arik Faingold, both veterans of IDF intelligence units, and is managed by a team of cybersecurity experts with proven experience, education and qualifications in hacking and programming for the military and security sectors as well as the private sector. The company's vision is to build the most sophisticated and effective virtual hacker to make the act of penetration testing automatic and continuous and to let customers have their own cybersecurity watchdog.

Using Pcysys's products, large and small organizations including banks, insurance companies, investment houses, infrastructure installations, high-tech companies, retail chains and government bodies can benefit from 24/7 protection in their core systems.

This is AWZ's fourth investment in an Israeli cybersecurity startup in recent months The fund has already invested $4.5 million in NanoLock Security, $3.5 million in Siga Data Security Ltd., and $5.25 million in Octopus Systems Ltd. AWZ was founded by CEO Yaron Ashkenazi.

Published by Globes [online], Israel business news - www.globes-online.com - on January 30, 2018

© Copyright of Globes Publisher Itonut (1983) Ltd. 2018

Yaron Ashkenazi Photo: Tomer Yacobson
Yaron Ashkenazi Photo: Tomer Yacobson
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