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Portuguese Power Company EDP Backs Cybersecurity Startup Sepio

Sepio develops hardware-focused cybersecurity technology for organizations and enterprises

CTech 17:1304.03.19

Portugal’s power utility Energias de Portugal SA (EDP), which has electricity, gas, and renewable energy operations in 16 countries in Europe, has completed a strategic investment in Tel Aviv-based cybersecurity startup Cyber Sepio Systems Ltd., the companies announced Monday. The financial terms of the deal were not disclosed.

 

Founded in 2016, Sepio develops hardware-focused cybersecurity technology for organizations and enterprises.

 

Other participants in the investment include San Francisco-based Mindset Ventures and existing Israel-based investors PICO Venture Partners and Founders Group. Excluding this investment, Sepio has raised $4 million, according to Pitchbook data.

Sepio CEO Iftah Bratspiess. Photo: PR Sepio CEO Iftah Bratspiess. Photo: PR

 

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