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Security startup LightCyber nabs $20M to boost network protection teams

Barely a week seems to pass nowadays without a security startup raising capital. The newest example is LightCyber Ltd., an emerging network protection provider born in Israel that today announced the completion of a $20 million funding round. The investment was led by industrial conglomerate Access Industries Inc. and Shlomo Kramer, a serial entrepreneur best known for co-founding Check Point Software Technologies Ltd.

His participation represents an important vote of confidence in LightCyber and its ability to compete with from the dozens of other startups vying for a slice of the security market. The outfit certainly needs it. Many of its rivals are venture-backed too and some, like Fortscale Security Ltd. Inc., offer the exact same kind of detection functionality that is included in its Magna platform.

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http://siliconangle.com/blog/2016/06/22/security-startup-lightcyber-nabs-20m-to-boost-network-protection-teams/