Cyber ​​Firm co-founded by former Israeli prime minister raises $ 12.5 million

July 16, 2018 | Toka, an Israeli cybersecurity company, co-founded by prominent Israeli figures including former Israeli Prime Minister Ehud Barak, has announced that it has raised $ 12.5 million from investors such as Andreessen Horowitz, Entrance Capital, Dell Technologies Capital, Seed Capital, and Ray Rothrock, CEO of RedSeal, a cyber badytics company.

The Tel Aviv-based company, which comes out of the stealth mode to make this announcement, has co-founders who include Brig. General Yaron Rosen, former Chief of IT Staff of the Israel Defense Forces; Alon Kantor, former Vice President of Business Development for Check Point; Kfir Waldman, former CEO of cyber and mobile companies Kayhut and Go Arc; and Barak, who served as prime minister from 1999 to 2001.

According to VentureBeat, Toka's technology will help government agencies "transform their cyber defenses" to keep citizens, law enforcement agencies and Security and Government Institutions [19659002] "Our Cyber ​​Designer team will help countries develop strategic capabilities, an operational approach and an ecosystem of software products tailored to their needs." There is not a product on the market that meets the needs of our customers, we will build it with our R & D team – Toka Cyber ​​Labs, "said Rosen in a statement

. For customers battling national security threats, IoT devices, such as Amazon Echo, Alexa Smart Alarms and many others, are heavily focused on security and privacy

threats, as well as opportunities for those charged with protecting their populations. Government, police and security agencies are adapting to this new cyber era, creating a huge market need. The Toka team has unparalleled experience at the highest levels of cybersecurity, and thanks to its technical and strategic know-how combined with this investment, they can fill that need and build a great business, "said Yair Snir , Managing Director of Dell Technologies. Capital

According to Semico Research & Consulting Group, the number of IoT devices in the world is expected to exceed 35 billion by the end of the year, reports American magazine Forbes