An Israeli startup in the cybersecurity field successfully raised $200 million in valuation of $1 billion, joining the ranks of Israeli unicorns. The company develops AI-based security solutions for organizations.

The fundraising was led by a major American venture capital firm, with participation from existing and new investors. The funds will be used to expand international activities and develop new products.

"The market needs advanced security solutions capable of dealing with evolving threats. Our technology provides real-time protection against sophisticated attacks."

Future Plans

The company plans to double its workforce in the coming year and open offices in Europe and Asia. Additionally, it is working on strategic partnerships with major technology companies.

The company's next product is expected to be launched in the second quarter of 2024 and will include new capabilities for threat detection based on deep learning.