Cybersecurity-focused investor Glilot closes Fund III on $110m

Cybersecurity and big data-focused venture firm Glilot Capital Partners has closed its third fund on $110m.

Glilot III will concentrate on Isreali early-stage startups operating across the AI, big data and cybersecurity industries. The firm looks to back companies in the seed and A stages, with the vehicle providing capital support, entrepreneur guidance and access to international players.

This new fund has surpassed the capital pool raised for its predecessor which closed on $77m in 2015. The debut fund of the firm was raised 2011, the year Glilot was founded, and received $30m.

Glilot has invested into 20 companies since it launched, with six of the first eight companies in its portfolio having been acquired by global corporations.

Earlier in the year, the firm participated in the $17m Series C of New York-based cybersecurity platform IntSights Cyber Intelligence.

The $2m seed funding round of Protego, a security solution provider for serverless companies, was another RegTech to receive funding from Glilot this year.

Glilot managing partner Arik Kleinstein said, “We built Glilot as an entrepreneur-friendly fund providing entrepreneurs with real and tangible assistance. Having ourselves experienced the unique challenges faced by Israeli entrepreneurs seeking to build global companies, we are able to offer budding entrepreneurs help in coping with these challenges.”

One of the companies the firm has exited includes behavioural analytics software developer LightCyber, which was acquired by Palo Atlo Networks in 2017 for $105m.

Some of the other exits are Aorato, a protection provider through entity behaviour, and cloud security platform Porticor.

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