Roi Tiger, former engineering VP at Meta, is finalizing a substantial $55 million Series A funding round for a new cybersecurity startup, reflecting a heightened investor interest in the sector. This round, primarily led by Greenoaks, comes shortly after Tiger successfully raised $20 million in seed funding from notable venture firms including Sequoia and Index Ventures. The swift capital inflow is fueled by a recent $32 billion acquisition of Wiz by Alphabet, signaling a robust market appetite for Israeli cybersecurity innovations.
The round is set to be led by Greenoaks and will value the company at hundreds of millions of dollars, an extraordinary sum for a startup still in stealth mode.
The quickness with which Tiger raised the new round shows the voracious appetite investors have for Israeli cybersecurity startups after Alphabet announced last week it would acquire Wiz for $32 billion in all-cash deal.
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