Cybersecurity Company Semperis Raises $40 Million in Series B Funding Round
Insight Partners led the round that brings the company’s total funding raised to $54 million
Israeli-American cybersecurity startup Semperis Ltd. announced on Tuesday that it had raised $40 million in a series B round led by Insight Partners. Existing backers including Maverick Ventures and Silvertech Ventures also participated in the recent round, which brought Sempris’s total funding raised to date to $54 million.
Semperis was founded in 2013 by CEO Michael Brezman, Chief Technology Officer Guy Teverovsky, and Matan Liberman, who serves as executive vice president of business development and leads the company’s Tel Aviv branch.
Semperis said in a statement that it works with government agencies and global companies to increase cyber protection on their enterprise identity infrastructure. By using Semperis’s tools, organizations can continuously monitor their directories for security vulnerabilities, intercept cyberattacks in progress, and quickly respond to breaches and operational errors.
Semperis co-founders Matan Liberman (top right) Guy Teverovsky (bottom) and Michael Brezman. Photo: Semperis
“Across every industry, companies are waking up to the fact that ransomware can literally shut off the lights and end their business if recovery isn’t swift and secure,” Teddie Wardi, managing director at Insight Partners, who is joining Semperis’ board, said in a statement. “With ransomware damages projected to reach $20 billion by 2021, Semperis is filling an enormous gap, especially for organizations that can’t tolerate lengthy outages or degraded service.“
“The company set a goal of recruiting a large number of workers in Israel in the near future in order to meet the diverse needs and increased demand by the international market for our products,” Liberman said in a statement. “Despite the Covid-19 crisis, we are not seeing a decrease in demand. The solutions we provide our clients make up a central part of their cybersecurity strategy and their incident response, and disaster recovery ability which could otherwise bring their business to a complete stop.”