Financial crisis? This Israeli startup just raised funds for the second time in 4 months

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After raising capital from cyber ventures like CyberArk and CrowdStrike just four months ago, Israeli cyber firm Dig Security announced today (Wednesday) a $34 million Series A funding round. The round was led by SignalFire with participation from cyber giant Okta’s investment arm Felicis Ventures and Israel’s Team8 which led the previous round. Cyberark and Crowdstrike also joined this round, along with the investment arm of Merlin Cyber.

Respond in real time to cloud attacks

To digThe product gives organizations full control over their cloud data and provides real-time detection and response (RDR) to hacking events and potential theft of information and data. The agentless system connects to the customer’s cloud environment – regardless of the cloud it is in – scans the cloud environment and identifies any location where data resides, whether it is an asset of cloud-managed data or an independently managed asset. by the customer. This way, the business can identify data assets that were overlooked or not properly reported by the team that used them and those that were not known to exist (known as Ghost Shadow Data). assets).

After mapping the data, the company’s product categorizes it to understand what kind of information it is (for example, financial information, personal customer information, or other sensitive information) to give the customer complete visibility into where their sensitive information is stored and what the security vulnerabilities are – all in order of importance. Additionally, the company monitors every action taken against information in the cloud, to identify prohibited or unusual uses and block them, whether taken by an application, employee, or other source that accesses the information.

In a conversation with Geektime, Dan Benjamin, the company’s CEO and one of its founders, said Dig’s big advantage over its competitors is “identifying and thwarting attacks in real time.” Unlike competitors who only address static risk around information, Dig adds an additional layer of identification and response. to Dynamic Risks (DDR) and enables comprehensive protection of corporate information. Dig Security was founded in 2021 by Dan Benjamin (CEO), Gad Akuka (CTO) and Ido Azran, VP of R&D. 2 of the entrepreneurs met during their army in Unit 8200, but got separated to create and sell startups in the cyber world (Crossense and Segasec), while continuing to work in companies like Google and Microsoft.

You have raised money again in such a short time. Was this round oversubscribed? Should you have told investors “No thanks”?

“The latest fundraising was very competitive for different investors. We received good offers from many promising investors. We are proud to cooperate with investors such as SignalFire, Okta, Felicis and of course Team8 who support from the beginning. “

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