The Israeli-US cyber technology firm CyberX has raised an additional $18 million in investments, bringing its total investment amount to $30 million. The company plans to use the additional funding to expand product development.
Cyber tech analysis (illustration) Photo Credit: IMPACT/WikiCommons
On Tuesday, the Israeli-American cyber security technology firm CyberX announced that it has raised $18 million in total investments, bringing its total investment amount to $30 million.
Norwest Venture Partners, a venture and growth equity investment firm that was an early investor in FireEye, led the investment opportunities, getting CyberX to the multimillion-dollar investment. CyberX’s previous financial investors, including Glilot Capital Partners, Flint Capital, ff Venture Capital and OurCrowd, also participated in the financial rounds. This growth follows a landmark year for CyberX as the company grew significantly.
Military cyber experts Omer Schneider and Nir Giller founded CyberX in 2013. The U.S.-Israeli firm has implemented its products in utilities and pharmaceutical, chemical, oil and gas and manufacturing firms.
Aside from continuing its expansion in the United States and Europe, the company plans to use the additional funding to expand its product development, security research and threat intelligence teams.