Ermetic names Avi Israel as CFO

Ermetic, a cloud infrastructure security company, announced on Wednesday its appointment of Avi Israel as Chief Financial Officer. The company recently closed a $70 million Series B round, and has raised $100 million in funding so far.

Israel has over fifteen years of experience in financial and operations management and information systems. Israel joins Ermetic from SimilarWeb, where he served as EVP of Finance and Information Systems for eight years and managed the company’s billion dollar IPO.

Prior, he worked at Ernst & Young LLP and for the marketing intelligence software vendor Kenshoo (now Skai). He is also a Certified Public Accountant and earned a B.S. in Accounting and Economics from The Hebrew University of Jerusalem and an M.A. in Business Management from the College of Management Academic Studies in Rishon Lezion.

Ermetic helps prevent breaches by reducing the attack surface of cloud infrastructure and enforcing least privilege at scale in the most complex environments.

“Israel is a proven financial executive who recently helped build a successful technology startup from zero into a billion dollar public company,” said Shai Morag, CEO of Ermetic. “He is the right person to help Ermetic manage our rapid growth as we advance to our next level of maturity as an enterprise and into a leading provider of cloud security software.”

“Ermetic is ideally positioned in the sweet spot of the cloud security market with a technology that uses an identity-first approach to address customer problems across multiple service provider platforms,” said Israel. “It’s an exciting time to join the company, and I look forward to helping build the next market leading security vendor.”