TrapX Raises $18M in Series C Financing

Funding Rounds

▤ Summary

In conjunction with the funding, Brian Abrams, President of Ibex Investors, will join TrapX Security’s board of directors. The company intends to use the funds to expand the global presence to additional countries and verticals. Incorporated in 2012 and led by Moshe Ben-Simon, CEO, and Ori Bach, General Manager, TrapX Security has developed cyber deception technology. Their DeceptionGrid solution rapidly detects, deceives, and defeats advanced cyber-attacks and human attackers in real-time and also provides automated, accurate insight into malicious activity unseen by other types of cyber defenses. The company customer-base includes Forbes Fortune 500 commercial and government customers worldwide in sectors that include defense, healthcare, finance, energy, consumer products, and other key industries.

$ Funding

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Amount $18.0M Total raised
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Date July 1, 2019 Announcement date
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Investors - Lead investors
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Company - Funded company

▥ Classifications

industries
HealthTech
applications
Security

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TrapX Security
$1M to $5M