Cybersecurity startup Fireglass raises $20 million
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Network security startup Fireglass just announced the close of a $20 million Series A funding round led by Lightspeed Ventures and FireEye investor Norwest Venture Partners.
Fireglass is one of a bevy of cybersecurity upstarts with roots in Israel. The region has become a hotbed for next-gen security technology, and an apparent go-to spot for M&A prospects.
A few Israeli tech deals with the last year the Microsoft acquisitions of Secure Islands and Adallom, the ARM acquisition of Sansa Security, and PayPal's acquisition of CyActive.
As for Fireglass, the startup has offices in New York but runs its research and development operations out of Israel. The firm plans to use the funding to expand its R&D efforts, as well as its sales and marketing teams in North America and Europe.
Fireglass claims to use "no-compromise military approach" to enterprise security, with a focus on cyber attack prevention and risk management. The company was founded by former Check Point Software exec Guy Guzner, and Dan Amiga, who comes from a background in Israeli military intelligence.