Orange Digital Ventures, General Electric and Deutsche Telekom all took part as the Ben-Gurion University spinout added to its $7m series A.
Morphisec, an Israel-based endpoint cybersecurity software producer based on research at Ben-Gurion University of the Negev, secured $12m on Monday in a series B round featuring a range of corporates.
Industrial technology manufacturer General Electric and telecommunications companies Deutsche Telekom and Orange contributed to the round, as did venture capital firm Jerusalem Venture Partners (JVP).
Orange participated through its corporate venturing unit, Orange Digital Ventures (ODV).
Morphisec has developed endpoint protection technology it calls Moving Target Defense. The software can guard systems when major patching gaps are put in place in operating systems in order to counteract large-scale security breaches or attacks.
Ronen Yehoshua, Morphisec’s president and CEO, said: “Our growth has been exponential and this funding will help Morphisec continue on that trajectory.
“We continue to grow our customer list, our partner ecosystem and our headcount so we can deliver the most groundbreaking technology advancements in a powerful and simple product that prevents advanced threats and exploits like no other.”
JVP had previously led a $7m series A round for Morphisec in 2015 that was backed by General Electric’s GE Ventures unit as well as Deutsche Telekom, OurCrowd and Portage Advisors.
Other past Morphisec investors include La Maison, Kodem Growth Partners and Evolution Equity Partners, according to the company.
Yann Kandelman, ODV’s head of investment, said: “Morphisec is successfully building a rapidly growing customer portfolio based on its truly unique prevention-based approach. We are thrilled to support the Morphisec team in their acceleration and global reach to fundamentally change cyber protection.”
– A version of this article first appeared on our sister site, Global Corporate Venturing.
