Keep an eye on NeoCleus


Neocleus, a security start up in stealth mode was reported to raise $5M in a round led by Battery Ventures and Gemini Israel Funds. This round follows a seed investment of $700,000 made by the two funds a year ago.

Neocleus develops online access security management technology that helps users safeguard their online access. They received the financing round after extensive feasibility studies of the technology as well as market studies.

Neocleus was founded last year by Ariel Gorfung (CEO) and Etay Bogner, both experienced in the security software field. Bogner previously worked for Sofaware, which was acquired by Check Point Technologies Ltd. in 1999 and Gorfung founded of Optibase Ltd and E-Sponsor. The company currently employs 15 people and is based in Tel Aviv.

Read more at: Venture Deal

If you enjoyed this article, Get VC Cafe delivered by email or subscribe using your Feed Reader and original feed RSS
April 26, 2007 | Comments
Filed Under Neocleus, VC, checkpoint, gemini, seed

 

Comments

blog comments powered by Disqus

  • Recent Comments

  • Recent Posts