Home Breaking News Israeli computer software startup Reposify raises USD 8.5 million in Seed round

Israeli computer software startup Reposify raises USD 8.5 million in Seed round

Israel-based Reposify, a cloud protection software that seamlessly detects and manages all assets exposed to the internet, raised USD 8.5 million on 15th December.

Investors: The investment round was led by Joule Ventures and First Rays Venture Partners, alongside several industry expert angel investors.

Purpose of funding: The company plans to expand its R&D team to meet customer needs and enter the US market. Additionally, the startup focuses on high-profile clients while also preparing top-notch technology.

About Reposify

Founded in 2016 by Yaron Tal, Reposify is located in Tel Aviv, Israel. Reposify is a cloud protection software that seamlessly detects and manages all assets exposed to the internet. This startup offers a highly recognized External Attack Surface Management (EASM). Reposify enables security teams to detect, prioritize, and manage all exposed internet-facing assets, regardless of whether they’re on-premise, subsidiary, cloud-based, or from third parties. Moreover, digital transformation initiatives, such as shadow IT, weakening of the enterprise perimeter, and work-from-home options have dramatically increased the need for visibility into external-facing assets and their related exposure. Accordingly, the startup developed an algorithm to identify and associate every investment connecting to the internet with the organization it belongs to.

As part of its focus on expansion in the US, the startup is backed by two prominent venture capital firms, Joule Ventures and First Rays Venture Partners. First, Joule Ventures is a US-based seed fund that provides Israeli entrepreneurs with opportunities to develop complex technical solutions within top-tier companies. Second, First Rays Venture Partners specializes in investing in Enterprise Infrastructure Stack and B2B SaaS, focusing primarily on meeting the needs of early-stage entrepreneurs.

What the founder has to say

“These are exciting times, as Reposify is taking a key role in shaping the way companies move faster and easier while securing their internet-facing assets,” said Uzi Krieger, CEO at Reposify.

“This is the essence of security as a business enabler.”

What the investors have to say

“Reposify’s technology revolutionizes cloud security management. It is the fastest solution to prioritize and understand where security teams should be spending time and ensure nothing is left behind”, said Amit Sridharan, co-founder and managing partner at First Rays Venture Partners.

“Reposify has a unique combination of top-notch technology, inspiring and seasoned leadership, and a real solution for an acute need that is only going to grow over time,” said Dafna Winocur Biran, partner at Joule Ventures.


 For more extensive analysis and Market Intelligence reports feel free to approach us or visit our website: Venture Capital Market Intelligence Reports | VCBay.

We try our best to fact-check and bring the best, well-researched, and non-plagiarized content to you. Please let us know

-if there are any discrepancies in any of our published stories,

-how we can improve,

-what stories you would like us to cover and what information you are looking for, in the comments section below or through our contact form! We look forward to your feedback and thank you for stopping by!

Next Article

Previous articleFinnish healthcare startup Auntie raises 10 million Euros in the latest round
Next articleUS-based Edtech startup Esme Learning raises USD 15 million in the latest round
Varun Nath writes about the startup ecosystem on VC Bay. A student at Delhi University, he is pursuing a Bachelor of Commerce degree. In pursuit of exploring the world of finance and technology. You can reach him at varunnath155@gmail.com

LEAVE A REPLY

Please enter your comment!
Please enter your name here