Cloud Networking Startup Meta Networks Exits Stealth, Raises $10 Million in Seed

Tel Aviv-based cloud networking startup Meta Networks Ltd. has raised $5.7 million from Vertex Ventures Israel and BRM Group, bringing its seed round to $10 million, the company announced Tuesday.

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Exiting stealth mode, Meta Networks is also launching a secure network system for corporate and business organizations. Dubbed Meta NaaS, the system provides always-on security measures to users both within the corporate network and on the internet.

Meta Network’s system isolates each user’s private data from the internet and from the organizational network in order to reduce the chances of unauthorized access, a cyber attack, or a leak. The system is cloud-native and allows users to securely connect from anywhere through an IPSec client or a browser, while providing identity-based policy routing and packet-level identity verification. Founded in 2016, Meta Networks lists internet security companies Cyren Ltd. and Symantec Corp. as partners, and names website personalization company Dynamic yield Ltd. and online genealogy company MyHeritage Ltd. as clients. Meta Network has 20 employees according to its LinkedIn data.

“Meta NaaS is built around network users, not a physical business location. This is an advantageous approach for organizations like ours that have applications in data centers and clouds around the world, as well as an increasingly mobile workforce,” Ramon Snir, a senior developer at Dynamic Yield, said in a statement.

Founded in 1988, Vertex Ventures Holdings is a global network of venture funds with branches in China, Silicon Valley, India, Israel, and South East Asia. It invests in early-stage IT and healthcare companies.