from the November 2017 issue

Cybersecurity co Skybox raises $150m.

The company, which has its development center in Herzliya, has raised $288 million to date.

Israeli cybersecurity company Skybox Security announced today that it has raised $150 million in a financing round led by CVC Capital Partners' Growth Fund, which invested $100 million, and with participation from Pantheon, which invested $50 million.

Skybox was founded in Israel in 2002 by CEO Gidi Cohen, Moshe Meiseles, and Eran Reshef. Today Skybox is headquartered in Silicon Valley and has its development center in Herzliya Pituach. The company has 260 employees including 120 in Herzliya.

The company has raised $288 million to date, including the latest financing round and a previous $96 million financing round in February 2016, and previous investors include Benchmark Capital, Carmel Ventures, Valley Fund, and Mitsubishi Fund.

"As well as injecting new capital into the company, some of the existing investors in skybox, including employees, have sold their holdings," saud Cohen.

The company did not disclose how much was sold by shareholders but Cohen said, "The buying of shares was a signficiant part of this financing round."

Cohen added, "Within 12 months, we'll be in a position to hold an IPO in terms of our finiancial profile but at this stage that is not part of our focus." Skybox builds cybersecurity management software that gives customers comprehensive visibility of their unique attack surface. The software uses analytics to prioritize an organization's risk exposures and recommend informed action to best address those exposures. These capabilities extend across highly complex networks, including those in physical, virtual, cloud and operational technology (OT) environments. The company's broad platform, the Skybox Security Suite, enables organizations to reduce security risks that attackers can find and exploit, such as device misconfigurations and policy violations, as well as exposed and unpatched vulnerabilities.

Reprinted from the Israel High-Tech & Investment Report November 2017

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