Empow commissions $9m investment
Posted on 14 February, 2017 by Thierry Heles, editor
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.
Latest magazinePast Issues
Get full online access, the monthly magazine, weekly news alerts, special reports and more.See all subscription options
April 06, 2017
April 03, 2017
April 13, 2017
April 13, 2017
April 05, 2017