Israel-based cyber intelligence technology provider Toka has secured $25m in series B funding from a consortium including computing equipment maker Dell’s corporate venturing unit, Dell Technologies Capital.
Venture capital firm Eclipse Ventures led the round, which also featured all the company’s existing investors, including Andreessen Horowitz and Entrée Capital.
Toka has developed software that gathers cybersecurity data in order to help governments secure their data and prevent cyberattacks. The funding will go to product development.
Dell Technologies Capital had joined Andreessen Horowitz, Entrée Capital, Launch Capital and Ray Rothrock, chief executive of cybersecurity analytics technology producer RedSeal, to supply $12.5m in seed funding for the company in mid-2018.
Yaron Rosen, co-founder and president of Toka, said: “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.
“This funding will help us build out our product pipeline and commercialise it as well as work with more governments to help them build integrated cyber defence and resilience.”
