Israel’s Orchestra Group said to raise $7.5m in funding

From: RegTech Analyst

Automated cybersecurity company Orchestra Group has reportedly raised $7.5m in a funding round led by technology investor Prytek.

The fresh equity will be used to acquire other companies and technology to support its own platform, according to an article from Globes.

Israel-based Orchestra is a holistic, automated cybersecurity solution. The company has three products, Harmony, Harmony IoT and Cybot Pro.

The Harmony solution combines compliance, risk and security into a single platform, while the Harmony IoT service offers airspace monitoring and cyberthreat prevention. Finally, the Cybot Pro solution finds and prioritises business related cyber vulnerabilities.

Israel has established a strong RegTech market. In 2019, six of the ten biggest RegTech deals to take place outside the US and Europe were based in Israel.

Aqua Security closed the largest deal in Israel’s RegTech sector last year. The cybersecurity and compliance solutions builder secured $62m in its Series C which was led by Insight Partners

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