Cloud Cybersecurity Startup Protego Raises $2 Million in Seed

Jerusalem-based cybersecurity startup Protego has raised $2 million in a seed funding round led by two investment firms focused on cybersecurity—Ellicott City, Maryland-based Gula Tech Adventures and Israel-based Glilot Capital Partners, the company announced Wednesday.

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Tim Belcher, former chief technology officer at Nasdaq-listed cybersecurity company RSA Security LLC, a subsidiary of Dell Technologies Inc., also participated in the round.

Founded in 2017, by a group of former Cisco Systems engineers and cybersecurity veterans, Protego develops a cloud information security technology that can detect threats and attacks in real time. The company plans to use the funding for marketing and for the development of new products, Protego’s CEO and Co-Founder Tsion (TJ) Gonen said in a statement.

Serverless computing will force enterprises to change the way they think about security, Ron Gula, co-founder and president of Gula Tech Adventures, said in a statement. “Serverless offers tremendous improvements in speed, simplicity, and cost-savings, but it also presents a host of new threats and security challenges that traditional application security cannot handle,” he added.