Orange Digital Ventures invests in Morphisec, the leader in Moving Target Defense and NGD Systems, the leader in Computational Storage
February 20, 2018 Paris, France
Orange Digital Ventures announces its participation in the financing of Morphisec, the leader in Moving Target Defense. The start-up announced today it has raised $12 million Series B round of funding. The round features new investor Orange Digital Ventures, La Maison and Kodem Growth Partners as well as existing Morphisec investors Jerusalem Venture Partners (“JVP”), Portage Partners, OurCrowd, GE, Deutsche Telekom Capital Partners and Evolution Equity Partners.
Morphisec’s patented Moving Target Defense innovation is the foundation of its Endpoint Threat Prevention solution, which quickly and simply prevents advanced threats for customers of all sizes globally.
Morphisec’s entirely new approach to endpoint protection makes it the only solution that can protect during major operating system patching gaps (like those necessary based on the Spectre and Meltdown exploits), against zero-day attacks (e.g. WannaCry), fileless malware and more, all while providing significant operational and business benefits, including continuity across patch cycles without the need for updates, zero false positives and no performance degradation. Morphisec supports endpoints and servers in physical, VDI and hybrid environments.
“Morphisec is successfully building a rapidly growing customer portfolio based on its truly unique prevention-based approach. We are thrilled to support the Morphisec team in their acceleration and global reach to fundamentally change cyber protection” said Yann Kandelman, head of Investment at Orange Digital Ventures.
“We are committed to providing our business customers with the latest solutions that protect against the always-evolving security threats they face. This means not only relying on our own capabilities, but making sure that companies such as Morphisec – which offers one of the most innovative and broadly applicable cybersecurity technologies on the market today – has the means it needs to keep developing,” said Thierry Bonhomme, Deputy CEO of the Orange Group, in charge of Orange Business Services.
Morphisec’s continued growth has been substantial with its technology deployed on hundreds of thousands of endpoints. The company announced its Series A funding round in 2015, was named a Gartner Cool Vendor in 2016 and was recognized in 2017 by SE Labs with a 100% efficacy performance rate against every attack (evasive malware and exploits) detonated in the lab.
“We built Morphisec to become an essential part of every company’s security and IT operation, and to defeat attacks that other endpoint technology cannot,” said Ronen Yehoshua, CEO and president, Morphisec. “Our growth has been exponential and this funding will help Morphisec continue on that trajectory. We continue to grow our customer list, our partner ecosystem and our headcount so we can deliver the most groundbreaking technology advancements in a powerful and simple product that prevents advanced threats and exploits like no other”.
Orange Digital Ventures is also pleased to announce its participation in NGD Systems. With the exponential growth of Big Data, there is an increasing need for new storage and compute innovations to address challenges in these areas. NGD Systems is an industry pioneer in creating the world's first storage with embedded computational ability which represents a paradigm shift in the way the industry will store and process large volumes of data. By joining their Series B round Orange is now a part of this new movement.
“We are excited to have Orange Digital Ventures as our strategic partner as we build disruptive solutions for future Information Technology infrastructures. Our Computational Storage is the world's first such solution that can provide a cost-effective Intelligent Storage sub-system for future Cloud Datacenters and Content Delivery Networks” said Nader Salessi, President & CEO NGD Systems, Inc.