Cyber Security Co. SECDO Raises $10M

| December 6, 2016 | Israeli cyber security startup SECDO has closed a Series A financing round, bringing total investment to $10 million. The investment was led by RDC, a subsidiary of Elron Electronic Industries Ltd. and Rafael Advanced Defense Systems Ltd., Check Point Software Technologies Ltd., cofounder and chairman Marius Nacht, and the founders of Anobit, acquired by Apple. Founded in 2014 by CEO Shai Morag and CTO Gil Barak, both graduates of the IDF 8200 intelligence unit, SECDO has developed a platform to provide Next-Generation Incident Response solutions on cyber attacks. The funding will be used to expand US sales operations, customer support, and its R&D center.