Cybersecurity Startup Fireblocks Raises $16 Million

New York and Tel Aviv-based cybersecurity startup Fireblocks Inc. has raised a $16 million funding round led by Cyberstarts, a cybersecurity fund founded by serial entrepreneur Gili Raanan and backed by the likes of Shlomo Kramer and Marius Nacht, Cyberstarts announced Tuesday. This is the fund’s first investment.

Fireblocks develops a blockchain security service that combines over-the-counter (OTC) transactions, hot wallets, and exchanges into one platform. This is the company’s first funding round.

Fireblocks was founded in 2018 by Michael Shaulov, Idan Ofrat, and Pavel Berengoltz. Shaulov and Berengoltz previously co-founded Tel Aviv-based startup Lacoon Mobile Security, which was acquired by information security company Check Point Software Technologies Ltd. for $100 million in 2015.