TEL AVIV, July 31 (Reuters) - Israeli cybersecurity
startup Noma Security, whose platform secures enterprise data
and AI models against AI agents, said on Thursday it raised $100
million in a private funding round, bringing total funds raised
to date to $132 million.
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 ( PANW ) 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.
(Reporting by Steven Scheer; Editing by Emelia
Sithole-Matarise)