Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Cybersecurity Funding

Government-Focused Cyber Defense Company Toka Raises $25 Million

Toka, an Israel-based company that provides intelligence and defense solutions to governments, announced on Tuesday that it has raised $25 million in a Series B funding round.

Toka, an Israel-based company that provides intelligence and defense solutions to governments, announced on Tuesday that it has raised $25 million in a Series B funding round.

Toka launched in July 2018, when it also announced raising $12.5 million in seed funding. The latest financing round was led by Eclipse Ventures, with participation from previous investors such as Andreessen Horowitz, Dell Technologies Capital and Entrée Capital.

Toka offers its solutions to government, security and law enforcement agencies. The firm has developed what it describes as advanced, lawful intelligence-gathering tools that can be used for forensic investigations, targeted intelligence, covert operations and public emergencies.

It also provides “Cyber Designers” services to help governments ensure that critical infrastructure and their own systems are protected against cyber threats.

Toka says it has won contracts in Moldova, Nigeria, Ghana and Chile, helping the governments of these countries identify cybersecurity gaps, improve device and data security, and enhance cybersecurity readiness.

“The gap between nations that are adequately prepared to address cybersecurity threats and those that are not is vast, creating huge risks for their citizens and global stability,” said Yaron Rosen, Toka co-founder and president. “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 defense and resilience.”

Rosen is a retired brigadier general and former chief of the Israel Defense Forces cyber staff. The list of Toka founders also includes Alon Kantor, former VP of business development at Check Point; Kfir Waldman, former CEO of Kayhut and Go Arc; and Ehud Barak, former Israeli prime minister and minister of defense.

Advertisement. Scroll to continue reading.

Related: Threat Intelligence Company Sixgill Raises $15 Million

Related: Identity-Focused Intelligence Firm 4iQ Raises $30 Million

Related: Secretive Big Data Firm Palantir Makes Low-Key Stocks Debut

Written By

Eduard Kovacs (@EduardKovacs) is a contributing editor at SecurityWeek. He worked as a high school IT teacher for two years before starting a career in journalism as Softpedia’s security news reporter. Eduard holds a bachelor’s degree in industrial informatics and a master’s degree in computer techniques applied in electrical engineering.

Click to comment

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

SecurityWeek’s Threat Detection and Incident Response Summit brings together security practitioners from around the world to share war stories on breaches, APT attacks and threat intelligence.

Register

Securityweek’s CISO Forum will address issues and challenges that are top of mind for today’s security leaders and what the future looks like as chief defenders of the enterprise.

Register

Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Cybersecurity Funding

SecurityWeek investigates how political/economic conditions will affect venture capital funding for cybersecurity firms during 2023.

CISO Strategy

SecurityWeek spoke with more than 300 cybersecurity experts to see what is bubbling beneath the surface, and examine how those evolving threats will present...

Management & Strategy

SecurityWeek examines how a layoff-induced influx of experienced professionals into the job seeker market is affecting or might affect, the skills gap and recruitment...

CISO Conversations

In this issue of CISO Conversations we talk to two CISOs about solving the CISO/CIO conflict by combining the roles under one person.

CISO Strategy

Security professionals understand the need for resilience in their company’s security posture, but often fail to build their own psychological resilience to stress.

Funding/M&A

Thirty-five cybersecurity-related M&A deals were announced in February 2023

Funding/M&A

Forty cybersecurity-related M&A deals were announced in January 2023.