Cyber ​​startup CardinalOps has announced the completion of a $ 6.5 million lime fundraising

Cyber ​​startup CardinalOps has announced the completion of a $ 6.5 million lime fundraising round, led by Glilot Capital, Battery Ventures and angel investors in the cyber field. The company was founded by a team of serial cyber entrepreneurs, Michael Momchoglo, who serves as CEO, and Yair Manor, VP of Technology. Momchoglo has already raised an investment for his previous venture from Battery Ventures and was the first investment made by the Glilot Capital Fund after its establishment. He previously founded LightCyber, which was sold to Palo Alto Networks for $ 120 million and later became the company's Cortex XDR activity for advanced attack detection. At the same time, Manor also exited the cyber startup Netonomy, which was sold to Allot in 2018.
CardinalOps was established a year ago in early 2020, Momchoglo left Palo Alto after three years helping to assimilate the technology he sold into the organization. He is a member of Manor for the establishment of the new venture following their acquaintance with military service in Unit 8200 which continued over the years even after liberation. The two flew to present the product they are working on at the RSA show, the largest and most important cyber show in the world held in California. "This was the last chance for the whole industry to meet face to face before the Corona forfeited the cards. When we returned to Israel, a state of emergency was declared in California due to the outbreak of the plague and all returnees were instructed to go into isolation," says Momchoglo.
CardinalOps technology defines a new category in the field of information security. The world of security consists of many sub-fields that combine artificial intelligence technologies and automation to detect attackers, these are powerful security solutions and any organization with significant activity has between 80 and 120 such solutions.
CardinalOps employs 15 people at the development center in Tel Aviv. The investment will allow the company to increase its workforce by ten more employees, mainly in the US in sales and marketing positions.