Sweet Security, a cloud security business, has secured a USD 33 million Series A investment round, barely six months after emerging from stealth with an initial USD 12 million seed round.
Evolution Equity Partners led the fundraising round for the Tel Aviv-based cloud runtime security business, which was also supported by Munich Re Ventures and Glilot Capital Partners. “The seed financing was intended to help us build a US office and develop into the US market. “We thought the timing was right,” Eyal Fisher, co-founder and CPO, told SecurityWeek; “but we’ve found the market is more than ready.”
The funds will be utilized to further improve Sweet’s technology, with a primary focus on extending its go-to-market operations.
Read More: Cloud Security Firm Sweet Security Raises $33 Million, 6 Months After Emerging From Stealth
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