Israeli Cyber Firm Perception Point Raises $8M For US Expansion
February 14, 2018 | Israeli cybersecurity startup Perception Point, announced that it raised $8 million in a Series A funding round, led by Pitango Venture Capital along with State of Mind Ventures (SOMV) and Korea Investment Partners (KIP). The Tel Aviv-based company, founded in 2015, said it will use the funds to expand its global presence and product portfolio. Perception Point specializes in cyber threat detection and provides cloud and email solutions. It claims to have developed technology that “intercepts advanced attacks at the earliest possible stage of execution.” Perception Point CEO Yoram Salinger said in a statement, “Companies across industries are undergoing a transformation. As more and more move to the cloud, they require security solutions that are equivalent in terms of speed, scale and flexibility, while also being effective against the more advanced types of threats. At Perception Point, we saw an opportunity to serve both requirements – fusing the flexibility of a cloud solution with the threat visibility only possible at a CPU level.” Rami Kalish, the managing general partner and co-founder of Pitango Venture Capital, will join the company’s board of directors, Perception Point announced. SOMV’s Pinhas Buchris, a former managing director of the Israeli Ministry of Defense, has been a member of the board since 2015 when Perception Point raised $2 million in a seed round led by SOMV.