Empow commissions $9m investment

The round was backed by the Office of the Chief Scientist at the Israel Ministry of Economy.

Israel-based cybersecurity technology developer Empow has raised $9m in a funding round backed by the Office of the Chief Scientist at the Israel Ministry of Economy and assorted private investors.

Founded in 2014, Empow has developed technology it calls security abstraction, which breaks down a company’s existing security products and, using deep learning, connects the different tools to provide a more efficient response to cyberthreats.

The money will go towards the opening of a US office in Boston that will provide sales and support. Empow will also further develop its platform.

Avi Chesla, co-founder and chief executive of Empow, said: “Empow creates an enterprise security posture that is as robust and nimble as the attacks it aims to prevent.

“Our security abstraction is creating a radical change in the realm of cybersecurity, making cyber-defenses exponentially better than the sum of their parts. It is like a cyber general coordinating your security army: Empow helps sends the right troops into battle at the right time.”

See more from this Government Report: Israel


Copyright Mawsonia Limited 2010. Please don't cut articles from www.globalgovernmentventuring.com or the PDF and redistribute by email or post to the web without written permission.

Most read

  1. Big deal: British Business Bank launches $500m fund

    February 27, 2017

  2. Scohia Pharma to spin out of Takeda with $87m

    March 15, 2017

  3. Big deal: Airbnb takes series F booking from CIC

    March 13, 2017

  4. News round up 27 February 2017

    February 27, 2017

  5. Wills takes charge of Energy Technologies Institute

    March 07, 2017


  • 23 May - 24 May, 2017

    GCV Symposium 2017 - London

    Join 400+ business leaders from the corporate venturing and wider high growth business ecosystem for the two-day 2017 GCV Symposium.

  • More Events