Cybersecurity Startup Empow Raises $10 Million, Appoints New CEO

Cambridge, Massachusetts-headquartered cybersecurity startup Empow Cyber Security Ltd. has raised $10 million in a Series B funding round, the company announced Thursday.

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The company also announced the appointment of former Fidelis Cybersecurity Inc. and Crossbeam Systems Inc. executive, Peter George, as CEO, replacing co-founder Avi Chesla, who is shifting to CTO. Founded in 2014, with additional offices in Ramat Gan, a town just east of Tel Aviv, Empow develops a security information and event response software that tailors individual responses to specific threats. Empow has around 25 employees according to LinkedIn data. Participants in the round include Boston-based Ascent Venture Partners, a venture capital firm focused on investments in early stage Israel and Europe-based startups. Last year, Empow announced a $9 million funding round.

Empow plans to use the funding for research and development, as well as expanding its Boston sales, marketing, and finance teams, the company said in a statement.