Page 19 - Avi Shua News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Orca raises $210 million, increasing workforce fivefold amid pandemic
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Israeli cyber firm Orca Security hits unicorn status with latest fundraising round
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Israel-founded Orca Security lands in APAC
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The tech unicorn fever in Israel is showing no signs of subsiding. Three more local cyber companies Wiz, Orca Security, and Axonius are planning to announce in the coming weeks that they have completed large funding rounds at valuations topping $1 billion each.
All three companies raised more than $50 million in 2020 and are taking advantage of the readily available capital to secure additional rounds, while upping their valuations, shortly after their previous ones.
Assaf Rapaport. Photo: Nathaniel Tobias
Wiz is the youngest of the three, having only been founded in 2020 and having just recently completed its series A funding round. According to market estimates, Wiz’s upcoming round will raise over $100 million and catapult the company’s valuation to well over a billion dollars. Wiz completed its first capital raise only in December, in which it secured $100 million from a series of leading investors, including VC funds Index Ventures, Sequoia, Insight Part
Avi Shua, CEO, Orca Security; Thomas Hill, CISO, Live Oak Bank It’s an increasingly common story: Live Oak Bank was growing its cloud footprint and had specific needs for a cloud security provider. Bank CISO Thomas Hill is joined by
Orca Security - CEO Avi Shua to detail the case study and key lessons learned.
In this video interview with ISMG, Hill and Shua discuss:
Live Oak Bank’s cloud security needs;
Criteria for selecting a cloud security provider;
Security challenges for banks moving into multicloud environments.
With more than 20 years of IT and security experience, Hill has spent the majority of his career working in senior IT, Risk, and Security positions in technology and financial service institutions. As CISO, Thomas leads Live Oak’s technology risk management and security operations. He provides leadership for developing and implementing technology and security initiatives that support the mission, vision, and long-term objectives of Live Oak Bank.