Toka raises $12.5m to help governments tackle IoT threats
July 19, 2018
Israeli start-up Toka has raised $12.5m seed funding to help government agencies tackle cyber threats from connected IoT devices.
Toka says it will design and help these agencies build a unique cyber strategy and suite of software products.
The investors include Andreessen Horowitz, Dell Technologies Capital, Entrée Capital, Launch Capital, and Ray Rothrock, CEO of cyber analytics firm RedSeal.
“The proliferation of connected devices and the rise of IoT have transformed the digital and security landscape, creating new threats as well as opportunities for those entrusted with keeping their people safe,” said Yair Snir, managing director at Dell Technologies Capital. “Governmental, law enforcement and security agencies are in the process of adapting to this new cyber era, creating a huge market need. The team at Toka has unparalleled experience at the highest levels of cyber security, and with their technical and strategic know-how, combined with this investment, they can fill this need and build a great business.”
Headquartered in Tel Aviv, Toka was co-founded by retired brigadier general Yaron Rosen, former chief of Israel defence forces cyber staff; Alon Kantor, former vice president of Check Point; Kfir Waldman, former CEO of cyber and mobile companies Kayhut and Go Arc; and Ehud Barak, former Israeli prime minister and minister of defence.
“Transforming one’s cyber-security posture takes more than buying one piece of software,” said Rosen. “It takes the right technologies plus having the right people, processes, systems and strategies in place. Our cyber designer team will help nations develop the strategic capabilities, an operational approach and an ecosystem of software products tailored for them. And if there isn’t a product on the market that meets our client’s needs, we will build it with our R&D team – Toka Cyber Labs.”
Toka will design, build and manage a tailored ecosystem of cyber capabilities and software products for governmental, law enforcement and security agencies tasked with keeping the digital landscape and their people safe. By working across strategic, operational and tactical levels – and with deep, hands-on technical experience – Toka can address the full breadth of its clients’ defensive cyber-security needs, including developing new technologies when required.
“Today, too many countries still do not have the cyber capabilities they need to protect themselves and their citizens, and it’s become an imminent global problem that’s spurring demand,” said Ran Achituv, managing partner at Entrée Capital. “Toka is filling this gap and, in doing so, has the potential to make the whole world much safer.”
Toka is a cyber capacity-building company that helps design, build and manage a tailored ecosystem of cyber capabilities and software products for governmental, law enforcement and security agencies. Founded by people with experience in the political, military and corporate worlds, Toka helps agencies tasked with keeping the digital landscape and their citizens and government institutions safe transform their cyber defences by designing and helping them build a strategy and suite of products.
By working across the strategic, operational and tactical levels, and with deep, hands-on technical experience, Toka says it can address the full breadth of its clients’ cyber-security needs, including developing new technologies when required.