Data Security Company Algosec Raises $36 Million
The investment was led by private equity firm Claridge Israel, the local branch of international firm Claridge Investment Ltd.
Tofi Stoler | 16:29, 03.01.18
New Jersey-based enterprise data security company, Algosec Systems Ltd. closed a $36 million investment led by private equity firm Claridge Israel, the company announced Wednesday.
For daily updates, subscribe to our newsletter by clicking here.Founded in 2004 by Yuval Baron and Avishai Wool, Algosec develops data security management software used for enterprises. It lists Microsoft, Intel, Volkswagen and British Petroleum as clients. According to LinkedIn data, the company currently has over 300 employees after a 41% increase in the last two years.