Endpoint security provider Morphisec on Thursday announced that it has raised $31 million in a new funding round led by JVP, with participation from existing investors, such as Orange and Deutsche Telekom Capital Partners.
Founded in 2014, the Israeli cyber-security company claims to have its solutions deployed on more than 7 million endpoints, leveraging automation to keep them safe from a wide range of attacks.
The new investment, the company says, will support aggressive hiring of talent, meant to significantly increase the company’s teams in both the United States and Israel.
Morphisec also announced that Steve Bennett, former Symantec and Intuit CEO, is joining its board of directors, effective immediately.
The cyber-security company claims to be able to help organizations defend against sophisticated attacks without the need of dedicated security teams, by protecting workstations, servers, VDIs, virtual machines, and cloud assets.
Morphisec’s suite of security solutions use moving target defense technology and adopt a prevention-first zero trust approach to defending assets, automatically stopping attacks, instead of reacting to them, the company claims.
“With this new investment, we will further our commitment to bring organizations of all sizes threat prevention that stops advanced attacks in their tracks before the breach and costly damage,” Morphisec CEO Ronen Yehoshua commented.
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