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
I'm a former general partner at google ventures, head of Google for Entrepreneurs in Europe and founding head of Campus London, Google's first physical hub for startups.
I'm also the founder of Techbikers, a non-profit bringing together the startup ecosystem on cycling challenges in support of Room to Read. Since inception in 2012 we've built 11 schools and 50 libraries in the developing world.
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