Israeli cybersecurity firms are continuing to attract substantial investments, even in their early stages. Act Security, a company established by the founders of Medigate, has successfully raised $40 million in a Series A funding round, following a $20 million Seed round just four months prior. This brings the total investment in the company to $60 million since its inception.
Act Security focuses on developing a platform to enhance the security of cloud infrastructure and data centers. The company currently employs 30 individuals. The recent funding round was spearheaded by U.S.-based Notable Capital, with contributions from Startpoint Capital, Claltech, Access’s tech investment branch in Israel, and previous investors like Bessemer Venture Partners, Team8, Hetz Ventures, and Brightmind. The initial Seed round was announced in August.
The company was founded by Jonathan Langer, Itay Kirshenbaum, Stephen Goldberg, and Ilai Fallach. Langer and Kirshenbaum were the original co-founders of Medigate, a startup focused on medical device security and management, which was acquired by Claroty in 2021 for around $400 million.
