The Capital Quest | Israeli cybersecurity startups Island, Wib, Veriti raise $88 mn in VC funding

Israeli-origin and Dallas-headquartered cybersecurity company Island has extended its Series B round by $60 million at a valuation of $1.3 billion.

The extended round, which was led by fintech company Gregorian, takes the total money raised by the company to $250 million.

The latest round comes following a $115 million Series B fundraise by the company in March this year at the same valuation.

Apart from the lead investor, the others that have backed Island include Insight Partners, Stripes, Sequoia Capital and Cisco Investment, which has come on board as a strategic investor.

Island, which has developed an enterprise browser, only emerged from its stealth mode earlier this year. The company was founded by CEO Mike Fey, previously president and COO at Symantec and GM and CTO of McAfee; and co-founder and CTO Dan Amiga, inventor of web isolation technology and previously founder and CTO of Fireglass.

The company has a research and development centre based out of Tel Aviv and employs 150 people.

Wib

Israeli cybersecurity startup Wib has raised a $16 million investment round led by Koch Disruptive Technologies (KDT), the growth and venture arm of Koch Industries, Inc, with participation from Kmehin Ventures, Venture Israel, Techstars, and existing investors.

Wib has developed a security platform which provides complete visibility across the entire API landscape, from code to production.

The Tel Aviv-based company has an office in Houston and another in London. It was founded in August 2021 by serial entrepreneur Gil Don (CEO), Ran Ohayon (CRO), and Tal Steinherz.

Veriti

Israeli cybersecurity startup Veriti has raised a $12 million funding round led by New York-based Insight Partners. This follows a $6.5 million round led by NFX, Merlin Ventures and AMITI, who also participated in the latest round.

The startup has developed a security platform that identifies and remediates security gaps. It was founded last year by former Israeli intelligence and Check Point executives Adi Ikan, CEO, and Oren Koren, CPO.

The 20-employee company is looking to double its workforce.

Everybuddy Games

Israeli gaming company Everybuddy Games has raised $15 million in a Series A funding round. The round was led by Makers Fund with participation from Key1 Capital.

Everybuddy Games has developed the famous Lucky Buddies game. The Tel Aviv-based company was founded by Yair Panet, Danny Frishman, Boaz Cohen, Eyal Katz, Shay Molho and Adi Dagan.

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