Orange Digital Ventures Investing in NGD Systems

Orange Digital Ventures announces its participation in the financing of Morphisech Technologies Ltd., in moving target defense.

The start-up raised $12 million series B round of funding. The round features new investor Orange Digital Ventures, La Maison and Kodem Growth Partners as well as existing Morphisec investors Jerusalem Venture Partners, Portage Partners, OurCrowd, GE, Deutsche Telekom Capital Partners and Evolution Equity Partners.

Patented moving target defense innovation is the foundation of its Endpoint Threat Prevention solution, which quickly and simply prevents advanced threats for customers of all sizes globally.

Morphisec’s new approach to endpoint protection makes it a solution that can protect during major OS patching gaps (like those necessary based on the Spectre and Meltdown exploits), against zero-day attacks (e.g. WannaCry), fileless malware and more, all while providing operational and business benefits, including continuity across patch cycles without the need for updates, zero false positives and no performance degradation. It supports endpoints and servers in physical, VDI and hybrid environments.

“Morphisec is successfully building a rapidly growing customer portfolio based on its truly unique prevention-based approach. We are thrilled to support the Morphisec team in their acceleration and global reach to fundamentally change cyber protection,” said Yann Kandelman, head of investment, Orange Digital Ventures.

“We are committed to providing our business customers with the latest solutions that protect against the always-evolving security threats they face. This means not only relying on our own capabilities, but making sure that companies such as Morphisec – which offers one of the most innovative and broadly applicable cybersecurity technologies on the market today – has the means it needs to keep developing,” said Thierry Bonhomme, deputy CEO, Orange Group, in charge of Orange Business Services.

Morphisec’s continued growth has been substantial with its technology deployed on hundreds of thousands of endpoints. The company announced its series A funding round in 2015, was named a Gartner Cool Vendor in 2016 and was recognized in 2017 by SE Labs with a 100% efficacy performance rate against every attack (evasive malware and exploits) detonated in the lab.

“We built Morphisec to become an essential part of every company’s security and IT operation, and to defeat attacks that other endpoint technology cannot,” said Ronen Yehoshua, CEO and president, Morphisec. “Our growth has been exponential and this funding will help Morphisec continue on that trajectory. We continue to grow our customer list, our partner ecosystem and our headcount so we can deliver the most groundbreaking technology advancements in a powerful and simple product that prevents advanced threats and exploits like no other.“

Orange Digital Ventures also announced its participation in NGD Systems, Inc. With the growth of big data, there is an increasing need for new storage and compute innovations to address challenges in these areas. The start-up creates storage with embedded computational ability which represents a paradigm shift in the way the industry will store and process large volumes of data. By joining their series B round Orange is now a part of this new movement.

“We are excited to have Orange Digital Ventures as our strategic partner as we build disruptive solutions for future Information Technology infrastructures. Our computational storage is the world’s first such solution that can provide a cost-effective Intelligent Storage sub-system for future Cloud Datacenters and Content Delivery Networks,” said Nader Salessi, president and CEO, NGD.

Read also:
NGD Systems Completes $12.4 Million Series B Financing
Total capital investment to date at $26 million
2018.02.14 | Press Release