Tech-focused private equity house Vector Capital has provided Israeli cybersecurity company KELA Group with its first institutional funding in its nine-year history.
Vector has made a $50m investment in the business, which says it uses advanced algorithms, data science, and elite Israeli intelligence expertise to provide extremely targeted and automated darknet monitoring and cybersecurity solutions for large enterprises and governments.
The company’s automated platform aims to provide real-time actionable intelligence about threats specifically targeting the client’s organization, such as leaked user credentials or IT infrastructure vulnerabilities, allowing organizations to thwart attacks before they take place.
Vector managing director Matt Blodgett said, “We are proud to partner with KELA as the company prepares to enter its second decade of success.
“We see tremendous potential for enterprise and government security and fraud prevention teams to utilize KELA’s unique software and intelligence expertise to better identify and protect themselves from cyber threats, and look forward to introducing the company’s specialized products to customers and partners across North America.”
Last month Dyal Capital Partners bought up a minority stake in Vector Capital, which has been in operation for nearly 20 years.
It currently boasts a portfolio of 16 companies, including CloudSense, CollabNet and Emarsys.
Dyal said it bought the stake in a bid to allow Vector to strengthen its private equity business and further accelerate the growth of its credit arm.
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