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Stoke Closes $15.5M Series A Funding Stoke, a Palo Alto, Calif.-based freelance management platform, raised $15.5m in Series A funding. The round was led by Battery Ventures, with participation from all previous investors and angels including TLV Partners, Dynamic and Loop. In conjunction with the funding, Itzik Parnafes, a Battery general partner, is joining Stoke’s board. The company, which has raised $20m to date, intends to use the funds for expansion across U.S. Led by Shahar Erez, CEO and Co-founder, Stoke is a secure all-in-one platform that enables companies to hire top talents, set up automated onboarding workflows aligned with government guidelines, pay multiple invoices across 190 countries, all while ensuring management, finance and human resources teams have full visibility and control over budgets, in addition to automatic legal and tax compliance. ....
CardinalOps Introduces Industry s First Threat Coverage Optimization Platform USA - English News provided by Share this article Share this article TEL AVIV, Israel and PALO ALTO, Calif., Jan. 21, 2021 /PRNewswire/ CardinalOps today introduced the industry s first Threat Coverage Optimization Platform, which enables security engineers to continuously optimize their security operations center (SOC) to ensure comprehensive threat coverage. CardinalOps also announced today the closing of a $6.5 million Series Seed fundraising led by Battery Ventures, Glilot Capital and several renowned security industry leaders. It is well documented that the security industry continues to experience frequent data breaches 1 despite growing enterprise investment in novel security tools. The majority of these attacks leverage well known attack vectors that are left unaddressed by security operators, who typically have a threat detection tool deployed that successfully dete ....
Israel and California-based cybersecurity company CardinalOps Ltd. announced on Thursday that it has raised $6.5 million in a seed round led by Glilot Capital, Battery Ventures, and several established security industry leaders. The company was founded by serial cyber entrepreneurs Michael Mumcuoglu (CEO) and Yair Manor (CTO). Mumcuoglu had already secured an investment from Battery Ventures for a previous company he founded named LightCyber, which was also Glilot Capital’s first investment. LightCyber went on to be sold to Palo Alto Networks for $120 million. At around the same time, in 2018, Manor sold cyber startup Netonomy to Allot. CardinalOps was founded at the beginning of 2020 after Mumcuoglu left Palo Alto having helped integrate LightCyber’s technology. He joined forces with Manor who he knew from his time serving in IDF intelligence Unit 8200. The two traveled together to California to present their product at RSA, the world’s biggest cyber expo. “It was ....