KPN Ventures invests in cyber security startup ZecOps
Investment fund KPN Ventures announced today it has participated as lead investor in the $3.5m seed round of ZecOps, a cyber security startup based in San Francisco and Tel Aviv, focusing on automated threat analysis.
ZecOps seed round is supplemented by an investment from Evolution Equity Partners, a fund that specializes in cybersecurity, Plug and Play Silicon Valley, WISE Ventures, Array Ventures, and respected angel investors.
ZecOps was started in July 2017 by Zuk Avraham together with his wife & co-founder, Taly Slachevsky. ZecOps is Avraham’s second entrepreneurial journey. He founded his first company, Zimperium, in 2010, where he currently serves as its Chairman of the Board. Zimperium is the leading mobile threat defense solution on the market.
ZecOps products gained high traction during its first year, while still in stealth-mode, with well-known customers from the technology, finance and telecom segments. ZecOps is working with law enforcement agencies, banks, critical infrastructure, tech, payment solutions and telcos to solve major pain points in cyber security.
"Through KPN’s cooperation with Zimperium, We have got to know Zuk as a clear thought leader in cyber security" said Herman Kienhuis, Managing Director at KPN Ventures "With ZecOps, he is taking on a new challenge: automating security breach analysis; we see great potential in enabling more companies to learn from attacks, generate new threat intelligence and substantially improve their security."
Michal Pechoucek, Partner at Evolution Equity Partners, adds: "Increased efficiencies gained from automation in security operations is an important area in cybersecurity where Zecops have developed cutting edge technology. We believe the attributes of the Zecops technology are unique and provide the company with a cutting-edge advantage in the global marketplace. We welcome Zecops and its team of seasoned cybersecurity professionals to our portfolio."
"We are extremely excited to welcome ZecOps into our family. Out of the hundreds of cybersecurity startups we analyzed this year, ZecOps stood out as one of the most exciting," says George Damouny, Partner at Plug and Play Ventures. "With their strong team and expertise in the cybersecurity space, we have high expectations for ZecOps as they continue to revolutionize the Security Operations market."
Following this seed round investment, ZecOps will launch its products for general availability to help organizations hunt down attackers’ mistakes effectively.
"We were surprised with the overwhelming demand for our products. It can be exceedingly difficult to innovate in a crowded market like the cyber security space - but we were able to do it effectively. Consequently, the reactions from CISOs around the globe made our efforts worthwhile," said Mr. Avraham. "In the last year, we detected multiple Advanced Persistent Threats (APT’s) for a variety of businesses, a rare achievement especially for a one year old company".
About ZecOps, Inc.: ZecOps is a stealth mode cybersecurity automation company headquartered in San Francisco, California with R&D based in Tel Aviv, Israel. ZecOps learns from attackers’ mistakes with the goal of discovering the course of action and objectives of entire campaign, burn the threat actors exploits & persistence mechanisms and increase the attacker's campaign costs for targeting a ZecOps protected company. To contact ZecOps, visit https://www.zecops.com.
About KPN Ventures: KPN Ventures is the corporate venture capital unit of KPN, The Netherlands’ leading telecom & ICT company. It focuses on direct and indirect (fund-in-fund) early stage investments in Cyber Security, Internet of Things, Smart Home, Digital Healthcare, Video/OTT, Cloud, Data and Networking Technology. KPN Ventures has its main office in Rotterdam, The Netherlands. www.kpnventures.com