Toka scores $25 million Series B to enhance cybersecurity of gov't organizations
The company that provides cyber defense advisory services has recently won contracts to develop national-level strategies for several countries
Cybertech
| 31/10/2020
Photo: Bigstock
Toka, a cyber capacity-building company that helps government, law enforcement, and security agencies defend against terror and crime, has announced that it raised $25 million in a Series B funding round.
According to the company, the capital will be used to further Toka’s efforts to develop cutting-edge and lawful intelligence-gathering platforms and products as well as advise governments on building an integrated cyber defense.
“The gap between nations that are adequately prepared to address cybersecurity threats and those that are not is vast, creating huge risks for their citizens and global stability,” said Brig. Gen. (Ret.) Yaron Rosen, Toka's co-founder and president. “This funding will help us build out our product pipeline and commercialize it as well as work with more governments to help them build integrated cyber defense and resilience.”
The funding round was led by Eclipse Ventures and included participation from all previous investors, including Andreessen Horowitz, Dell Technologies Capital, Entrée Capital, and others. Toka’s software platforms are simple to use, scale quickly, and offer complete operational control to enable smarter, faster, and efficient investigations and operations. By empowering agencies with these intelligence capabilities, Toka helps governments maintain a technological edge to enhance their operational effectiveness and save lives, according to the company.
“The safety of our communities and nations around the world is no longer ensured just by heavy weaponry and other conventional, capital-intensive tools. Like everything else, the battlefield has gone online, and so, agencies require a comprehensive cybersecurity strategy to defend against today’s threats,” said Lior Susan, a member of Toka’s Board of Directors and Founding Partner at Eclipse Ventures. “Toka puts these capabilities at their fingertips through deep technologies and expertise that will enable trusted governments and law enforcement agencies to protect people and economies against adversaries in the digital age.”
The Tel Aviv-based company recently won a World Bank-sponsored contract to assist the Government of Moldova to identify the country’s cybersecurity gaps and recommend a resilient strategy to modernize government mobile device and data security. That contract followed similar World Bank ones in Nigeria and Ghana on designing national-level cyber capacity building. And earlier this year, the Inter-American Development Bank awarded Toka a contract to advise Chile on the next steps for the country’s national cybersecurity readiness and operational capacity building.
Toka’s leadership includes retired Brig. Gen. Rosen, former Chief of Israel Defense Forces Cyber Staff; Alon Kantor, former Vice President of Business Development for Check Point; and Kfir Waldman, former CEO of cyber and mobile companies Kayhut and Go Arc.
The company that provides cyber defense advisory services has recently won contracts to develop national-level strategies for several countries
Photo: Bigstock
Toka, a cyber capacity-building company that helps government, law enforcement, and security agencies defend against terror and crime, has announced that it raised $25 million in a Series B funding round.
According to the company, the capital will be used to further Toka’s efforts to develop cutting-edge and lawful intelligence-gathering platforms and products as well as advise governments on building an integrated cyber defense.
“The gap between nations that are adequately prepared to address cybersecurity threats and those that are not is vast, creating huge risks for their citizens and global stability,” said Brig. Gen. (Ret.) Yaron Rosen, Toka's co-founder and president. “This funding will help us build out our product pipeline and commercialize it as well as work with more governments to help them build integrated cyber defense and resilience.”
The funding round was led by Eclipse Ventures and included participation from all previous investors, including Andreessen Horowitz, Dell Technologies Capital, Entrée Capital, and others. Toka’s software platforms are simple to use, scale quickly, and offer complete operational control to enable smarter, faster, and efficient investigations and operations. By empowering agencies with these intelligence capabilities, Toka helps governments maintain a technological edge to enhance their operational effectiveness and save lives, according to the company.
“The safety of our communities and nations around the world is no longer ensured just by heavy weaponry and other conventional, capital-intensive tools. Like everything else, the battlefield has gone online, and so, agencies require a comprehensive cybersecurity strategy to defend against today’s threats,” said Lior Susan, a member of Toka’s Board of Directors and Founding Partner at Eclipse Ventures. “Toka puts these capabilities at their fingertips through deep technologies and expertise that will enable trusted governments and law enforcement agencies to protect people and economies against adversaries in the digital age.”
The Tel Aviv-based company recently won a World Bank-sponsored contract to assist the Government of Moldova to identify the country’s cybersecurity gaps and recommend a resilient strategy to modernize government mobile device and data security. That contract followed similar World Bank ones in Nigeria and Ghana on designing national-level cyber capacity building. And earlier this year, the Inter-American Development Bank awarded Toka a contract to advise Chile on the next steps for the country’s national cybersecurity readiness and operational capacity building.
Toka’s leadership includes retired Brig. Gen. Rosen, former Chief of Israel Defense Forces Cyber Staff; Alon Kantor, former Vice President of Business Development for Check Point; and Kfir Waldman, former CEO of cyber and mobile companies Kayhut and Go Arc.
