Israeli start-up company Pentera completed an investment round of $ 150 million

The influx of recruitments and unicorns in the Israeli cyber industry continues into 2022: The Israeli start-up company Pentera, until recently called Pcysys, which develops an automated system for penetrating tests for organizations, announced today (Tuesday) the completion of an investment round of $ 150 million at a value of $ 1 billion - led by the K1 Investment Management Fund and with the participation of the Insight Partners Fund and Evolution Equity Partners.
About half of the investment amount goes into the company's coffers, and the other half is intended for the purchase of shares from employees, entrepreneurs and previous investors (secondary transaction). The company states that it intends to use the fundraising money to expand its operations and the workforce, and says it is "on the way to an IPO."
The company was founded in 2015 by Dr. Eric Liberzon, VP of Technology, and Eric Feingold. The company's CEO is genuinely willing. The company has developed a software platform designed to assess risks and exposures in an organization's cyber defense. This is done by automatically testing the intrusion of enterprise information systems, and assessing their degree of immunity to cyber attacks. "Panthera's algorithm mimics the actions of a human hacker and challenges the security of the corporate network, servers and information systems," the company said.