All-star founding team raises $12.5 million in funding from global top-tier investors
TEL AVIV, Israel, July 16, 2018 (GLOBE NEWSWIRE) — Toka, the cyber capacity-building company, announced today that it has raised $12.5 million in seed funding to help governmental agencies tasked with keeping their citizens and government institutions safe transform their cyber defenses. Toka will design and help these agencies build a unique cyber strategy and suite of software products.
The investors include: Andreessen Horowitz, Dell Technologies Capital, Entrée Capital, Launch Capital, and Ray Rothrock, CEO of cyber analytics firm RedSeal.
“The proliferation of connected devices and the rise of IoT have transformed the digital and security landscape, creating new threats as well as opportunities for those entrusted with keeping their people safe. Governmental, law enforcement, and security agencies are in the process of adapting to this new cyber era, creating a huge market need,” said Yair Snir, managing director at Dell Technologies Capital. “The team at Toka has unparalleled experience at the highest levels of cybersecurity, and with their technical and strategic know-how, combined with this investment, they can fill this need and build a great business.”
Headquartered in Tel Aviv, Israel, Toka was co-founded by: retired Brig. Gen. Yaron Rosen, former Chief of Israel Defense Forces Cyber Staff; Alon Kantor, former Vice President of Business Development for Check Point; Kfir Waldman, former CEO of cyber and mobile companies Kayhut and Go Arc; and Ehud Barak, former Israeli Prime Minister and Minister of Defense.
“Transforming one’s cybersecurity posture takes more than buying one piece of software. It takes the right technologies plus having the right people, processes, systems, and strategies in place,” said Rosen. “Our Cyber Designer Team will help nations develop the strategic capabilities, an operational approach, and an ecosystem of software products tailored for them. And if there isn’t a product on the market that meets our client’s needs, we will build it with our R&D team – Toka Cyber Labs.”
Toka will design, build, and manage a tailored ecosystem of cyber capabilities and software products for governmental, law enforcement, and security agencies tasked with keeping the digital landscape and their people safe. By working across strategic, operational, and tactical levels — and with deep, hands-on technical experience — Toka can address the full breadth of its clients’ defensive cybersecurity needs, including developing new technologies when required.
“Today, too many countries still do not have the cyber capabilities they need to protect themselves and their citizens, and it’s become an imminent global problem that’s spurring demand,” said Ran Achituv, managing partner at Entrée Capital. “Toka is filling this gap, and in doing so, has the potential to make the whole world much safer.”
Toka is a cyber capacity-building company that helps design, build, and manage a tailored ecosystem of cyber capabilities and software products for governmental, law enforcement, and security agencies. Founded by leaders with unparalleled experience in the political, military, and corporate worlds, Toka helps agencies tasked with keeping the digital landscape and their citizens and government institutions safe transform their cyber defenses by designing and helping them build a unique strategy and suite of products. By working across the strategic, operational, and tactical levels, and with deep, hands-on technical experience, Toka can address the full breadth of its clients’ cybersecurity needs, including developing new technologies when required. Toka is headquartered in Tel Aviv, Israel, and backed by investors such as: Andreessen Horowitz, Dell Technologies Capital, Entrée Capital, and Launch Capital. For more information, go to: tokagroup.com.
Contact: Kenneth Baer, email@example.com (202) 792-7200