PSG Invests $96M In Israeli Startup Skybox Security

February 7 , 2015 | Israeli cyber security analytics company Skybox Security has raised $16 million from US private equity firm Providence Strategic Growth (PSG). The private equity house has also bought a $80 million controlling stake in the company from existing shareholders. Founded in 2002 by CEO Gidi Cohen, Moshe Meiseles, and Eran Reshef, Skybox Security provides risk analytics for enterprise security management. Network security and operations teams in the financial services, telecoms, retail, energy and government sectors rely on Skybox Security solutions to prevent cyber threats, reduce risk exposure and demonstrate network compliance with regulations. Today Skybox is headquartered in Silicon Valley and runs an R&D center in Herzliya Pituach, where about half of the company’s 120 employees work. To date, the company has raised $138 million, including investment from Benchmark Capital, Carmel Ventures, Valley Fund, and Mitsubishi Fund.