Cyber Company Illusive Networks Raises $22M

October 21, 2015 | Israeli cyber security startup, Illusive Networks, has raised an additional $22 million in its Series B round of fundraising. New Enterprise Associates (NEA) led the round, while Bessemer Venture Partners, Citi Ventures, Marker LLC, and Eric Schmidt’s personal fund, Innovation Endeavors, also participated. Israeli cyber fund Team8 (also backed by Innovation Endeavors) was the startup’s initial investor. Founded by CTO Ofer Israeli and run by CEO Shlomo Touboul, Illusive Networks came out of stealth mode earlier this year with their cyber security system designed to be a ‘hall of mirrors’ to distract and mislead hackers with false information.