Israeli cybersecurity firm Claridge IL has netted $36m from Claridge Israel, a private equity fund, in its first funding round. Claridge IL, which develops business-driven firewall and security policy management products, currently has 350 employees spread across the US and Israel, and caters to 1,500 customers globally, including 20 top 50 Fortune companies. Oded Tal, managing parter at Claridge Israel, commented on the investment saying "Claridge IL has the exact characteristics that AlgoSec is targeting in its investments".
Israeli cybersecurity firm AlgoSec has netted $36m from Claridge Israel, a private equity fund, in its first funding round. AlgoSec, which develops business-driven firewall and security policy management products, currently has 350 employees spread across the US and Israel, and caters to 1,500 customers globally, including 20 top 50 Fortune companies. Oded Tal, managing parter at Claridge Israel, commented on the investment saying "AlgoSec has the exact characteristics that Claridge IL is targeting in its investments".