Israel Digital News

Endpoint data leakage prevention solutions provider Safend has secured $9 million in a round of funding from European asset management firm as well as Safend's existing investors, Elron, Intel Capital and Walden Israel Venture Capital. The new funding enables Safend to accelerate new product development, and to continue growth through strategic partnerships and distribution channels worldwide.

Safend solutions protects confidential data stored on enterprise PCs and laptops by monitoring the transfer of sensitive data and controls access to removable storage devices and wireless communication ports. The company has acquired more than 650 customers worldwide.

Safend was founded in 2003 by Gil Sever, the company CEO. The privately held Israeli startup is headquartered in Tel Aviv with US headquarters in Philadelphia.

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Database security software provider Sentrigo has secured $3.5 million in Series A financing from Benchmark Capital. Sentrigo is using the funds to develop and market software designed to help enterprise customers combat unauthorized database activities originating from privileged company insiders, as well as from those outside the organization.

Sentrigo provides security software that monitors all database activity and protects sensitive information in real time in order to prevent both internal and external data breaches. Sentrigo’s product is in use by early access customers in the banking, telecommunications, government, travel, managed IT services and healthcare sectors and will be generally available later this quarter.

“Database breaches are becoming more frequent and more severe,” said Nathan Shuchami, Sentrigo CEO. “Policies, procedures and existing technologies do not sufficiently protect sensitive data against breaches, especially those linked to highly skilled insiders with access privileges.”

Sentrigo was founded in 2006 by Shuchami, which held in the past a senior management positions at Blue Security, an anti-spam solution provider and Enigma, an enterprise software provider. The Israeli startup North America headquarters is located in Woburn, Massachusetts and the R&D center situated in Kfar Saba, Israel.