Cyber-Ark has announced Monday it closed a $12 million second round of funding, led by Jerusalem Venture Partners. Other investors include Vertex Management Israel and previous investors SCP, J.P. Morgan/Chase Partners, IDB and Cabaret-ArbaOne. Dedham, Mass.-based Cyber-Ark has raised a total of $20 million. The company develops data security software for connecting companies with their remote offices and business.
External cybercrime is likely to pose a greater danger to many companies than insider threats over the next few years, according to Cyber-Ark survey of IT staff and top executives.
A new Cyber-Ark survey finds many IT pros believe their companies are being snooped on more frequently, with some of the snooping being done by IT itself.
Security company Cyber-Ark Software is seeking a $15 million second round of funding and has raised $1 million from merchant bank Orama. Dedham, Mass.-based Cyber-Ark raised $6 million in its previous round from Softbank affiliate SCP, Nomura International and Chase Capital Partners/Seed Investments. The company's technology is designed to allow businesses to store and share documents, files, databases and e-mail over corporate networks and the Internet. See complete list.