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TPG to Invest in Cybersecurity Startup GuardiCore

TPG to Invest in Cybersecurity Startup GuardiCore

In 2016 the private equity firm bought a 51% stake in computer security company McAfee, then owned by Intel

Meir Orbach | 17:30  03.08.2017

On Tuesday, private equity firm TPG said it would lead a funding round of $15 million for Tel Aviv-based cybersecurity company GuardiCore through its growth investment arm, TPG Growth.

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By investing in GuardiCore TPG extends its cybersecurity portfolio. In 2016 the private equity firm bought a 51% stake in computer security company McAfee, then owned by Intel. In 2015 it invested in cybersecurity companies Zscaler and Tanium.

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Founded in 2013 by veterans of technology units in the Israeli army, GuardiCore develops and sells cybersecurity defense software for datacenters. The company’s software reroutes potentially malicious communication to a monitored server, preventing attacks from spreading from one server to another and providing insights into the nature of attacks.

The company has raised $48 million to date.

Co-leading the funding round is Greenfield Partners, a joint venture of TPG and Israeli-born investor Yehuda Doron. Others investors backing the Tel Aviv-based startup include Cisco Investments and Dell Technologies Capital, the corporate venture arms of Cisco and Dell Technologies.

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