Israeli Cybersecurity Startup MorphiSec Raises $12M
February 19, 2018 |Israeli cybersecurity startup Mophisec raised $12 million in a Series B funding round led by Orange Digital Ventures, the multinational’s early-stage fund focused on fintech. Also participating in the round were existing investors Jerusalem Venture Partners, GE, and Deutsche Telekom. The Beersheba-based company, founded in 2014 after growing out of Ben Gurion University’s Cyber Research Labs, developed a patented Moving Target Defense which is the foundation of its Endpoint Threat Prevention solution. The company says it “prevents threats others can’t, including APTs, zero-days, ransomware, evasive fileless attacks and web-borne exploits.” Morphisec President and CEO Ronen Yehoshua said in a statement. “We built Morphisec to become an essential part of every company’s security and IT operation, and to defeat attacks that other endpoint technology cannot.” The company plans to use the funds to expand its teams and build its business globally, Reuters reported.