Israeli security startup Pentera raises US$150 million in funding round, eyes IPO

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Israeli cybersecurity firm Pentera has raised US$150 million in its latest funding round, taking the company's value to US$1 billion, the company told Reuters, adding it was eyeing an initial public offering in the United States.The funding round led by K1 Investment Management could be the last capital r

Israeli cybersecurity firm Pentera has raised US$150 million in its latest funding round, taking the company's value to US$1 billion, the company told Reuters, adding it was eyeing an initial public offering in the United States.

Pentera, formerly known as Pcysys, plans to use the capital to double its engineer team and expand into new markets including the Asia-Pacific region and Latin America, Ratzon said. One third of its customers are currently based in the United States. "We want to transform from a company that has a few great products to a platform with many modules, and cover any element of the future attack surface of companies," said Ratzon.

Founded by Arik Liberzon, Arik Faingold, and a group of former cybersecurity researchers at the Israel Defense Forces, Pentera allows security workers to test its network vulnerability from the hacker's perspective.

 

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