Andreessen Horowitz LLC and Dell EMC, through its venture capital arm Dell Technologies Capital, have backed cybersecurity company Toka, co-founded by former Israeli prime minister Ehud Barak, the company announced Sunday. The investment was made as part of a $12.5 million seed round. Additional investors include Israel-based Entrée Capital and New Haven, Connecticut-based LaunchCapital LLC.
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Tel Aviv-based Toka, also known as Cybertoka Ltd., was founded earlier this year by Barak, Alon Kantor, former vice president of business development at Nasdaq-listed firewall company Check Point, Yaron Rosen, former chief of the Israeli military’s cybersecurity team, and Kfir Waldman, a former Cisco Systems executive. Waldman was more recently involved in Kay Hut Ltd., a cybersecurity company whose clients include governments and private sector companies.
Toka will provide services to government, law enforcement, and security agencies, which include planning and managing tailor-made cybersecurity ecosystems, composed of existing and custom-made products. Toka does not plan to address the private sector and intends to only work with government entities, Kantor said in a phone interview with Calcalist Monday.
“Our cyber designer Team will help nations develop strategic capabilities, an operational approach, and an ecosystem of software products tailored for them,” Rosen said in a statement. “If there isn’t a product on the market that meets our client’s needs, we will build it with our R&D team,” he added.