Tel AvivBased Cider Security 32M Series: Cider Security, a cybersecurity solutions provider based in Tel Aviv, has raised $32 million in a Series A funding round. Vertex Ventures led the financing round, and many other investors, including the Israeli Innovation Authority, the Technion Technology Transfer, and the Hyundai Motor Company, participated. The funding round will help Cider Security expand its business and enhance its cybersecurity solutions to protect customers from cyber-attacks better.
Introduction to Cider Security
Cider Security is an Israeli cybersecurity solutions provider providing its customers with comprehensive protection against cyber threats. The company’s solutions include network security, threat intelligence, and endpoint protection. Also, the company was founded in 2020 by a team of cybersecurity experts and has quickly gained a reputation for delivering top-notch cybersecurity solutions to businesses of all sizes. Protect your business from cyber threats with Tel AvivBased Cider Security innovative solutions backed by $ 32M series funding.
The Importance of Cybersecurity
In today’s digital age, cybersecurity has become more critical. As businesses and individuals rely more heavily on technology, the risk of cyber attacks grows. Cyber attacks can cause significant financial and reputational damage to businesses, and individuals can also fall victim to identity theft and other cyber crimes. It is why cybersecurity solutions like Cider Security are so important.
The Series A Funding Round
Cider Security’s recent $32 million Series A funding round will enable the company to continue providing top-quality cybersecurity solutions to its customers. The funding will also help the company expand its business and reach more customers worldwide. In addition to the financing from Vertex Ventures, the Israeli Innovation Authority, the Technion Technology Transfer, and the Hyundai Motor Company, we also participated in the round of funding.
Future Plans for Cider Security
With the new funding, Cider Security plans to expand its business and enhance its cybersecurity solutions. The company plans to invest in research and development to create unique, cutting-edge cybersecurity solutions to protect businesses and individuals from cyber threats. The company also plans to expand its global reach and establish new partnerships with other cybersecurity providers.
In a statement, Cider Security’s CEO and Co-Founder, Ohad Bobrov, expressed his gratitude for the support the company has received from its investors. He stated, “We are thrilled to have the permission of such a prestigious group of investors in our journey to provide comprehensive and innovative cybersecurity solutions to businesses worldwide. By receiving this funding, we can expedite our expansion and further advance our technology, which will help protect our clients against cyber threats.
Final Thoughts
Cider Security’s recent Series A funding round is a testament to the growing importance of cybersecurity in today’s digital age. Cyber-attacks pose a threat to both businesses and individuals. Therefore, cybersecurity providers like Cider Security must continue to develop new and innovative solutions to combat these threats. With the help of its investors, Cider Security can achieve its goals and safeguard businesses globally against cyber threats.
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