TenureX, a Tel Aviv, Israel-based SaaS based corresponding banking platform, raised $5m in seed funding.
The round was led by Fintop Capital (together with its JV: JAM & Fintop), with participation from Chris Adelsbach, Jason Henrichs, Nissim Bar-El, Tom Brown, Rob Frohwein, Kathryn Petralia, Jonathan Ebinger, Ehud Arad, and Roman Regelman, and existing investors VentureIsrael, and Hack VC.
The company plans to use the funds to:
further accelerate its network growth, and
add more members to the network, each of which will improve the validation, quality, and coverage for all members.
Led by Izhar Arieli, CEO, TenureX is building a platform for financial institutions and small-medium banks to co-operate with each other, one transaction at a time without any adjustments, risk, or cost, by way of an API or a web portal. The platform creates a new workflow and validation process based on enhanced unified data sets to enable pre-validation capabilities (Know Your
Grip Security Raises $6M in Seed Funding
Grip Security, a Tel Aviv, Israel-based SaaS security startup, raised $6m in seed funding.
The round was led by YL Ventures with participation from CrowdStrike CEO and Co-founder George Kurtz and seasoned cybersecurity executives including:
Andy Ellis, former CSO of Akamai;
Michael Sutton, former CISO of Zscaler;
Sounil Yu, former Chief Security Scientist at Bank of America;
Omkhar Arasaratnam, former executive director, Data Protection Engineering at JPMorgan Chase;
Sameer Sait, CISO at Amazon (Whole Foods);
Adi Sharabani, former SVP & GM, Endpoint Solutions at Symantec; and
additional industry leaders.
Founded by security veterans Lior Yaari (CEO), Idan Fast (CTO) and Alon Shenkler (VP R&D), Grip Security is offering a SaaS security solution, enabling organizations to discover and secure all SaaS applications, from any device and any location.
Israel s Torii raises $10 million series A led by Wing Venture Capital calcalistech.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from calcalistech.com Daily Mail and Mail on Sunday newspapers.