Avalor co-founders, CTO Kfir Tishbi (left) and CEO Raanan Raz (right)
Avalor, an Israeli cybersecurity startup, completed a $25 million Series A investment round led by TCV, with participation from Salesforce Ventures. Morgan Gerlak, Partner at TCV will join Avalor’s board of directors. Including a $5 million Seed round led by Cyberstarts in 2022 Avalor has now raised $30 million in total.
Cybersecurity firms are really bringing in the money these days. And investors certainly have reason to believe that cybersecurity will bring them their best return on investment. Security is almost synonymous with Israel Startup Nation. For example, Coro, an Israeli cybersecurity startup, raised $75 million and hit a $575 million valuation.
Israeli cybersecurity firm Neosec is being acquired by Akamai Technologies. And Volumez, an Israeli cloud infrastructure startup that also offers cybersecurity solutions, just completed a $20 million Series A financing round led by Koch Disruptive Technologies.
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Avalor calls itself the Data Fabric for Security, helping teams make “faster, more accurate decisions by making sense of their data. Decisions can now be made with real-time access to complete, accurate, and precise information from any source in any format.” The company was co-founded by Raanan Raz and Kfir Tishbi. Prior to Avalor, Raz led the engineering at Dataroma, building the data platform of what became the Salesforce Marketing Cloud Intelligence platform. Dataroma was acquired by Salesforce for $820M in 2018. Tishbi, built high performance computing solutions at CitiBank, was a founding member of the AI lab at Playtika, and later joined Datorama to oversee all big data initiatives.
“There are a lot of great security tools addressing a myriad of issues within a single security organization,” said Raanan Raz, co-founder and CEO, Avalor. “However, they’re also creating siloed and isolated datastreams with their own taxonomy, and all these disjointed data sources make it difficult for CISOs and their teams to understand what’s really happening across the board. So we built Avalor to normalize, contextualize, and prioritize all that data for them.”
