Paragon Co-Founder Ehud Shaniorson Joins Partner's Startup
Translated & summarized from Calcalist by baba
Ehud Shaniorson, a co-founder of cybersecurity firm Paragon and former commander of Unit 8200, is leaving his management position after seven years. He will join Ribon, a startup founded by his former partner Idan Nurik, while continuing to advise Paragon. Ribon has reportedly raised $200 million at a valuation over $1.5 billion. Paragon is currently undergoing a merger process to become a publicly traded company on the Nasdaq.
The story in 5 lines · by baba
- Ehud Shaniorson departs Paragon after seven years to join Idan Nurik's startup Ribon.
- Ribon has reportedly raised $200 million with a valuation exceeding $1.5 billion.
- Shaniorson, ex-commander of Unit 8200, was a key figure in Paragon's founding and growth.
- Paragon is merging with REDLattice and preparing for a Nasdaq listing via SPAC.
- Shaniorson will continue to serve as an advisor to Paragon.
Ehud Shaniorson, a co-founder of the cybersecurity firm Paragon and former commander of the elite Unit 8200, is stepping down from his management role after seven years. He will join Ribon, a new startup founded by Idan Nurik, his former subordinate and later partner in establishing Paragon. Shaniorson will continue to advise Paragon.
Ribon is estimated to have raised approximately $200 million to date across several funding rounds, with its latest valuation exceeding $1.5 billion. Shaniorson was instrumental in Paragon's founding in 2019 and played a key leadership role alongside Nurik. During his tenure, he contributed to the company's growth, international expansion, and its position as a provider of advanced cyber technologies to democratic governments and law enforcement agencies.
Shaniorson's departure comes as Paragon prepares for a public listing. In December 2024, Paragon was acquired by the American investment firm AE Industrial Partners and merged with the US cybersecurity company REDLattice. The combined group is now pursuing a merger with the SPAC Bold Eagle Acquisition Corp, aiming to be listed on the Nasdaq under the ticker REDL, pending regulatory approvals.
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