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Israeli cyber firm Toka raises $25 mln in private funding

Published 27/10/2020, 11:41
Updated 27/10/2020, 11:42
© Reuters.

JERUSALEM, Oct 27 (Reuters) - Israeli cybersecurity firm
Toka said on Tuesday it raised $25 million in an early stage
funding round led by Eclipse Ventures.
Toka said the funds will be used to further its efforts to
develop intelligence-gathering platforms and products and advise
governments on building a cyber defence.
"This funding will help us build out our product pipeline
and commercialize it as well as work with more governments to
help them build integrated cyber defence and resilience," said
Yaron Rosen, Toka president.
Previous investors, including Andreessen Horowitz, Dell
Technologies Capital and Entrée Capital, participated in the
financing round.
Toka recently won a World Bank-sponsored contract to assist
the government of Moldova to identify the country's
cybersecurity gaps and recommend a strategy to modernize
government mobile device and data security. That followed
similar World Bank contracts in Nigeria and Ghana.

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