Roi Tiger, a former Meta engineering executive, is raising $55 million for his new cybersecurity startup. The funding round is led by Greenoaks and values the company at $400 million. This comes just weeks after Tiger raised $20 million in seed funding from top investors like Sequoia, Index Ventures, and Cyberstarts.
All three were also investors in Wiz, which Google recently acquired for $32 billion. Tiger co-founded the startup with Pini Pinhasov, a co-founder of Medigate that Claroty acquired for $400 million in 2021. Ophir Arie, also formerly of Medigate and Claroty, and Omer Singer, former Head of Cybersecurity Strategy at Snowflake, are also co-founders.
Tiger previously co-founded Onavo, which Meta (then Facebook) acquired in 2013. He left Meta in 2022 after leading engineering for commerce across the company.
Israeli cybersecurity startup raises $55m
Spokespeople for Tiger and Greenoaks declined to comment. The early investors did not respond to inquiries. The rapid capital influx shows the huge investor appetite for Israeli cybersecurity firms.
Israeli-founded cybersecurity companies have drawn billions in venture capital over the past decade. While details about the new startup are scarce, the high valuation suggests it aims to address critical cybersecurity challenges. This could be in areas like cloud security, enterprise protection, or AI-driven threat detection.
The news follows another stealth Israeli cyber startup, Vega Security, raising $65 million in two quick funding rounds. Vega Security was valued at $200 million in the first round and is expected to double or exceed that figure in the ongoing second round. The recent high valuations and large funding rounds highlight the growing importance of and investor interest in Israeli cybersecurity firms.
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