Israeli cyber security firm Seculert raises $10 mln in funding

BOSTON, July 8 Mon Jul 8, 2013 7:59am EDT

BOSTON, July 8 (Reuters) - Seculert, an Israeli cyber security firm, said on Monday that it has raised $10 million in financing from Sequoia Capital and Norwest Venture Partners.

The three-year-old company, which provides cloud-based technology that helps businesses identify computer advanced viruses and combat cyber attacks, had previously raised about $6 million.

Seculert is among a growing number of startups founded by security industry veterans who are developing new technologies to challenge the anti-virus software long sold by established players including Symantec Corp, Intel Corp's McAfee division and Trend Micro Inc.

A year ago Seculert, working with Russia's Kaspersky Lab, identified a cyber espionage campaign, dubbed Mahdi, targeting Iran and other Middle Eastern countries that stood out because it was the first such operating using communications tools written in Persian.


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.