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Compare full coverage across 2 outlets
Former NBA Player Omri Casspi Invests in $1.2 Billion Cybersecurity Unicorn Startup
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Tech19:40 · Jul 22

Former NBA Player Omri Casspi Invests in $1.2 Billion Cybersecurity Unicorn Startup

MakoCenter
Translated & summarized from Mako by baba
The story · English

Omri Casspi, the first Israeli basketball player in the NBA, is making significant strides in venture capital through his investment fund, Swish Ventures. The fund recently participated in a massive $180 million funding round for the cybersecurity startup Glow, which instantly achieved a valuation of $1.2 billion, earning it unicorn status. Alongside Swish Ventures, major global tech funds such as Sequoia and Redpoint also invested in the company.

Glow's cybersecurity solution addresses a critical vulnerability emerging from the widespread adoption of artificial intelligence tools in the workplace. Many employees install AI software and agents directly on their laptops, creating new security risks. Unlike traditional cybersecurity systems that react after a breach, Glow's technology monitors devices in real time and proactively blocks the installation of dangerous components before any damage occurs.

Casspi's involvement highlights his expanding influence beyond sports into the tech investment arena, aligning with the startup's defensive approach, which resonates with the sports adage that "defense wins games." This funding round and Glow's innovative technology position the company as a promising leader in the evolving cybersecurity landscape.

Read the original at Mako
Full coverage · 2 outlets
100% centerFirst: Mako · Jul 22

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