Israeli Startup Guardicore Raises $60 Million in Series C Funding
IsraelDefense
| 26/05/2019
Guardicore CEO and Co-Founder Pavel Gurvich at Cybertech 2019 (Photo: Gilad Kavalerchik)
Israeli cyber company Guardicore, which specializes in internal data center and cloud security, has raised $60 million in Series C funding, bringing the company’s total funding to $110 million.
New investor Qumra Capital led the round and was joined by other new investors DTCP, Partech, and ClalTech, Access Industries’ vehicle for Israeli technology investments. Existing investors Battery Ventures, 83North, TPG Growth, and Greenfield Partners also participated in the round.
Guardicore will leverage the funds to fuel continued growth and accelerate investments in sales, marketing and customer service as it seeks to expand delivery of its Guardicore Centra security platform to enterprise organizations seeking to protect dynamic data center and cloud infrastructure environments. Ram Metser, Executive Chairman of Segterra, an innovative digital health analytics company, and former CEO of Guardium, a dominant database security company acquired by IBM, also joined the Guardicore board of directors.
“Any organization has critical IT assets that need to be secured. Our distributed, software-defined segmentation solution is the simplest way to secure these assets whether they reside in the cloud or on premises. The days of being chained to legacy firewalls are over,” said Pavel Gurvich, CEO and co-founder of Guardicore.
“Since our last round of funding, we have successfully been able to articulate our vision and demonstrate that the market is ripe for disruption,” Gurvich Continued. “With consistent revenue growth the past three years and large-scale deployments with numerous Fortune 500 customers, we have proven that our product is more intuitive, flexible, and makes security easier to apply than traditional firewall technology currently being used to protect internal and cloud infrastructure. We are displacing incumbent players and newcomers alike as we strive to help our enterprise customers quickly secure their business-critical applications and data, reduce the cost and burden of compliance and secure cloud adoption.”
Guardicore protects data centers of large and mid-sized enterprises across North America, South America, and EMEA in financial, healthcare and retail industries, including global, blue-chip brands.
Guardicore CEO and Co-Founder Pavel Gurvich at Cybertech 2019 (Photo: Gilad Kavalerchik)
Israeli cyber company Guardicore, which specializes in internal data center and cloud security, has raised $60 million in Series C funding, bringing the company’s total funding to $110 million.
New investor Qumra Capital led the round and was joined by other new investors DTCP, Partech, and ClalTech, Access Industries’ vehicle for Israeli technology investments. Existing investors Battery Ventures, 83North, TPG Growth, and Greenfield Partners also participated in the round.
Guardicore will leverage the funds to fuel continued growth and accelerate investments in sales, marketing and customer service as it seeks to expand delivery of its Guardicore Centra security platform to enterprise organizations seeking to protect dynamic data center and cloud infrastructure environments. Ram Metser, Executive Chairman of Segterra, an innovative digital health analytics company, and former CEO of Guardium, a dominant database security company acquired by IBM, also joined the Guardicore board of directors.
“Any organization has critical IT assets that need to be secured. Our distributed, software-defined segmentation solution is the simplest way to secure these assets whether they reside in the cloud or on premises. The days of being chained to legacy firewalls are over,” said Pavel Gurvich, CEO and co-founder of Guardicore.
“Since our last round of funding, we have successfully been able to articulate our vision and demonstrate that the market is ripe for disruption,” Gurvich Continued. “With consistent revenue growth the past three years and large-scale deployments with numerous Fortune 500 customers, we have proven that our product is more intuitive, flexible, and makes security easier to apply than traditional firewall technology currently being used to protect internal and cloud infrastructure. We are displacing incumbent players and newcomers alike as we strive to help our enterprise customers quickly secure their business-critical applications and data, reduce the cost and burden of compliance and secure cloud adoption.”
Guardicore protects data centers of large and mid-sized enterprises across North America, South America, and EMEA in financial, healthcare and retail industries, including global, blue-chip brands.
