Morphisec is an Israeli cybersecurity startup which offers in cloud-delivered endpoint and server security solution. It just raised $31 million in funding led by JVP. Other existing investors, including Orange and Deutsche Telekom Capital Partners, also participated in the funding.
Founded in 2014, Morphisec boasts that its solution deploys on over 7 million endpoints, offers enterprises cutting-edge cyber prevention that automatically stops the most dangerous attacks in an automated and easy-to-manage manner without any impact on users, performance, or IT teams, while conserving costs and achieving best-in-class efficacy.
Cybersecurity is more important than ever. Hackers are not only motivated by money or politics. They often just like being malicious. So even small companies need to be on their guard and be sure to properly protect their systems. In recent months two different Israeli companies were ransomware attacks by the Black Shadow hackers.
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We’re excited to announce that Morphisec has raised $31M led by @JVPVC. The investment will help accelerate our journey in helping customers of all sizes automatically prevent the onslaught of attacks while reducing their security cost burden. Read more -> https://t.co/LPRRCMx1sH pic.twitter.com/XLJHukr7Cl
— Morphisec (@morphisec) March 25, 2021
Ransomware works by taking control of a victim’s computer or even the entire systems of a private organization through a type of computer virus. The attackers then extort a fee in exchange for returning control of the computers affected to their owners.
Morphisec’s states that its flagship solution , Morphisec Guard, is a complete endpoint prevention platform that combines traditional antivirus with the power of Morphisec’s advanced protection against ransomware, malware, and evasive attacks. Its latest solution, Morphisec Keep, protects servers and cloud-based applications from advanced threats. Keep ensures mission-critical workloads running on server cloud instances, including private and public clouds hosted on AWS, Azure, and GCP, are automatically protected with zero downtime or performance impact.
“Midsized enterprises are historically underserved by the cybersecurity market and left behind by cost-prohibitive tools and staff constraints,” said Ronen Yehoshua, CEO of Morphisec. “The challenges for these organizations have only increased in the last year with work-from-home employees using unsecured devices and connecting to an endless array of cloud-based applications. Morphisec has proven to be the only cybersecurity solution capable of bringing them simple yet effective protection that also fits into their existing budget. With this new investment, we will further our commitment to bring organizations of all sizes threat prevention that stops advanced attacks in their tracks before the breach and costly damage.”