Israeli cyber startup Noma Security raises $100 million in private funding round
Israel's cyber security sector has been active of late and many startups have raised significant sums in funding rounds and in mergers and acquisitions. A surge in cyberattacks, including data breaches and ransomware, has driven demand for more comprehensive defences and fueled interest in cyber firms.
On Wednesday, Palo Alto Networks (PANW.O), opens new tab said it would buy Israeli peer CyberArk Software (CYBG.F), opens new tab for $25 billion. It follows Alphabet's (GOOGL.O), opens new tab $32 billion acquisition of Israeli startup Wiz in March.
Noma Security's Series B round was led by U.S.-based venture capital firm Evolution Equity Partners, with continued participation from Ballistic Ventures and Israeli firm Glilot Capital.
The latest funds, it said, will be used to further expand its operations across North America and Europe, Middle East and Africa and to more rapidly grow its product, research and development teams in Tel Aviv.
Noma Security, which was founded in 2023, came into prominence last November after raising $32 million.
The company said it helps organisations "identify millions of AI and AI agent risks while simultaneously prioritising and mitigating novel threats at scale." AI agents are AI systems that act autonomously on behalf of users or organisations.
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