News provider Globes said the portfolio company was valued at $200m for the latest round.

Investment bank Goldman Sachs has co-led the $40m round for Israel-based Cyber-Ark Software, which provides identity management software to eight of the top 10 banks and more than a third of the 1,000 largest enterprises.

News provider Globes said the portoflio company was valued at $200m for the latest round.

David Campbell, a vice-president in the merchant banking division at Goldman Sachs, will join the portfolio company’s board as a new investor. He said: "Cyber-Ark has significant customer traction with some…

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