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2022-01-11
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Israeli Security Startup Pentera Raises $150 Million in Funding Round, Eyes IPO
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One third of its customers are currently based in the United States.</p><p>It comes as the firm has seen growing demand across industries amid a surge in ransomware attacks as more companies digitalize operations during the COVID-19 pandemic.</p><p>"We want to transform from a company that has a few great products to a platform with many modules, and cover any element of the future attack surface of companies," said Ratzon.</p><p>It also marks a jump in valuation after its last funding round. Led by Insight Partners, Pentera raised $25 million from investors in September 2020, valuing the company at about $175 million, according to data platform PitchBook.</p><p>Founded by Arik Liberzon, Arik Faingold, and a group of former cybersecurity researchers at the Israel Defense Forces, Pentera allows security workers to test its network vulnerability from the hacker's perspective.</p><p>By imitating hackers' attack in a safe environment, Pentera offers security teams an assessment of their resiliency against real attacks.</p><p>Its automated penetration testing technology has been used by over 400 enterprise customers globally, including Blackstone Inc, according to the company.</p><p>Global ransomware attacks increased by 151% year-on-year in the first half of 2021 and hackers are set to become more aggressive, according to a report issued by the Canadian Centre for Cyber Security last month.</p></body></html>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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One third of its customers are currently based in the United States.It comes as the firm has seen growing demand across industries amid a surge in ransomware attacks as more companies digitalize operations during the COVID-19 pandemic.\"We want to transform from a company that has a few great products to a platform with many modules, and cover any element of the future attack surface of companies,\" said Ratzon.It also marks a jump in valuation after its last funding round. 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