Morphisec raises more in $31m round

Morphisec, an Israel-based cybersecurity software spinout of Ben-Gurion University of the Negev, secured $31m from investors led by venture capital firm JVP yesterday.
Telecommunications firms Orange and Deutsche Telekom also took part, the latter through its Deutsche Telekom Capital Partners vehicle.
Morphisec provides cloud cybersecurity software to protect endpoints and servers, and its technology is based on research from Ben-Gurion University of the Negev. The funding will support a recruitment drive covering Israel and the United States.
Deutsche Telekom, Orange subsidiary Orange Digital Ventures, JVP and power and industrial technology provider General Electric joined forces for a $12m series B round in 2018.
JVP had already led a $7m series A round in 2015, investing with Deutsche Telekom, General Electric unit GE Ventures, OurCrowd and Portage Advisors.
Its earlier backers include La Maison, Kodem Growth Partners and Evolution Equity Partners.
– A version of this article first appeared on our sister site, Global Corporate Venturing.