 It was founded by two former Checkpoint Software Technologies employees, Derry Shribman and Ofer Vilenski (who served as the company's first CEO), initially specializing in creating toolkits for hardware developers.In April 2000 the company changed its name to Jungo Ltd.In April 2001, Jungo raised $7 million in its second round of financing by venture capital fund TeleSoft Partners and Infineon Ventures and the Intel Capital.