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Venture capital firms to cash out of Cyvera through $200m Palo Alto Networks buyout

25 Mar 2014

big-brother-security-camera-CCTVVenture capital-backed online security business Cyvera is set to be sold to Palo Alto Networks in a $200m deal.

The Tel Aviv-based business has backers including Battery Ventures and Blumberg Capital.

Battery joined serial entrepreneurs Ehud Weinstein and Ofir Shalvi to help Cyvera raise $11m of funding last August.

Blumberg Capital led the previous financing round for Cyvera, which attempts to prevent attacks from unidentified online threats by blocking attempts to exploit software or persuade users to unwittingly run malicious files.

The purchase is expected to close in the second half of the 2014 financial year.

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