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Palo Alto Networks founder & CTO Nir Zuk (YouTube Screenshot)
Nir Zuk, the US-Israeli founder of cybersecurity firm Palo Alto Networks, is teaming up with a former top securities regulator Shmuel Hauser to set up a new digital bank in Israel, Calcalist reported on Monday, without saying where it got the information.
Hauser was the chairman of the Israel Securities Authority from 2011 to 2017.
Zuk has already invested tens of millions of dollars into the venture, the report said, and next week will start raising a target of hundreds of millions of shekels for the new bank from institutional investors at a valuation of half a billion dollars.