A Tel Aviv, Israel-based business called Perception Point that provides quick interception of content-based attacks as a service won $28 million in Series B funding, bringing the company’s total capital to $48 million.
Pitango Venture Capital, State of Mind Ventures, NGP Capital, and other previous investors participated in the round, which was led by Red Dot Capital Partners (SOMV). The company’s board of directors will welcome Bo Ilsoe from NGP Capital, Yoram Oron and Atad Peled from Red Dot Capital Partners, and Atad Peled.
The cash will be used by the business to expand into new areas, quicken product innovation, and expand the staff to meet client demand.
Perception Point, a Prevention-as-a-Service business led by CEO Yoram Salinger, provides quick interception of any content-based assault across all communication channels, including email, cloud storage, CRM applications, and chat platforms. Before it reaches enterprise users, the company stops phishing, BEC, spam, malware, Zero-days, and N-days.
Users from a variety of industries, including telecom, technology, retail, food and beverage, healthcare, financial services, and more, make up the company’s customer base.