Korea Investment backs $8m Series A in Israeli cybersecurity startup Perception Point

Perception Point

Venture capital firm Korea Investment Partners (KIP) has backed the $8-million Series A fundraising of Perception Point, an Israel-based cybersecurity startup focused on early interception.

In a statement, Perception Point said, the Series A fundraising was led by Pitango Venture Capital, Israel’s largest venture capital fund, with State of Mind Ventures (SOMV) and KIP as backers.

The company said it will use the funds to expand its global presence and product portfolio.

Founded in 2015 by Israeli cyber-intelligence experts, Perception Point provides a cloud-based, CPU-level technology platform that intercepts advanced attacks at the earliest possible stage of execution.

The company’s initial product is a cloud-based, multi-layer e-mail protection solution that is uniquely able to protect against every level of threat, from phishing through to the most sophisticated attacks, known as N-Days and Zero Days.

Yoram Salinger, CEO of Perception Point, said companies across industries are undergoing a transformation, with majority moving to the cloud.

“They require security solutions that are equivalent in terms of speed, scale, and flexibility, while also being effective against the more advanced types of threats,” he said.

Perception Point, Salinger added, saw an opportunity to serve both requirements by fusing the flexibility of a cloud solution with the threat visibility only possible at a CPU level.

The company already offers an advanced email protection solution and investors remain upbeat about its future.

“The company fills an urgent need for robust, next-generation cyber-defense technology and is uniquely well-positioned to capitalize on a market for APT protection that is expected to grow to $7.3 billion in the next few years,” said Rami Kalish, Managing General Partner and Co-Founder of Pitango Venture Capital.

Kalish and Pinhas Buchris from SOMV will join Perception Point’s board of directors following the fundraising.

Pitango Venture Capital has invested in over 200 companies, many of which have become public or were acquired by strategic players. KIP, meanwhile, has invested in more than 500 companies and has more than $1.7 billion in funds.

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