Israeli cyber startup Noma Security raises $100 million in private funding round
Israel's cyber security sector has been active of late and many startups have raised significant sums in funding rounds and in mergers and acquisitions. A surge in cyberattacks, including data breaches and ransomware, has driven demand for more comprehensive defences and fueled interest in cyber firms.
On Wednesday, Palo Alto Networks said it would buy Israeli peer CyberArk Software for $25 billion. It follows Alphabet's $32 billion acquisition of Israeli startup Wiz in March.
Noma Security's Series B round was led by U.S.-based venture capital firm Evolution Equity Partners, with continued participation from Ballistic Ventures and Israeli firm Glilot Capital.
The latest funds, it said, will be used to further expand its operations across North America and Europe, Middle East and Africa and to more rapidly grow its product, research and development teams in Tel Aviv.
Noma Security, which was founded in 2023, came into prominence last November after raising $32 million.
The company said it helps organisations "identify millions of AI and AI agent risks while simultaneously prioritising and mitigating novel threats at scale." AI agents are AI systems that act autonomously on behalf of users or organisations.
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Straits Times
2 hours ago
- Straits Times
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Mr Lee, accompanied by Oasis Primary School principal Danny Poh and Oasis Primary English head of department Munirah Eszham, during his first school visit in the role. ST PHOTO: AZMI ATHNI 'You can tell what is right, what is wrong. What is real and what is not, and what is right for your situation,' he said. To this end, Mr Lee said it is important to prepare children for an AI-pervasive future, while also fostering in them curiosity and social-emotional skills. This would first require the age-appropriate use of AI in classrooms and teaching children about what AI is and its limits. With social and emotional skills becoming increasingly important – not just in school, but also in workplaces and the wider community – this is another area of focus for MOE . Mr Lee said: 'All these social-emotional skills can be more important than just your academic hard knowledge.' 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By including group work, these activities go beyond nurturing individual creativity, and encourages pupils to collaborate and share ideas with each other, he added. 'You can see leadership in action. You see collaboration in action, cooperation, give and take and also working towards a product that is bigger than the sum of the individual parts. So that was very encouraging,' the minister said. On MOE's efforts to shift away from an emphasis on competition around grades so that students can develop a lifelong passion for learning, he said: 'It will take time, and we require three parties to play a part – our pre-schools, primary schools as well as our parents.' Another key area is how schools can better partner with the community to support children from more challenging backgrounds, such as those whose families are beneficiaries of ComLink+, a scheme to support lower-income households. 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CNA
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