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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.

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.

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