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Full coverage· Tech· Updated

Israeli Cybersecurity Firm Daylight Raises $80 Million at $400 Million Valuation

Israeli cybersecurity firm Daylight has raised $80 million in a Series B funding round, valuing the company at $400 million. The funding, led by Goldman Sachs, brings Daylight's total capital raised to $120 million. The company, which employs 80 people, develops an AI-powered cybersecurity solution.

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What happened

  1. 01Cybersecurity firm Daylight raised $80 million at a $400 million valuation.
  2. 02Goldman Sachs led the Series B funding round, with Okta Ventures also investing.
  3. 03Daylight's total funding now stands at $120 million since its founding.
  4. 04The company's revenues reportedly grew over 40 times in the past year.
  5. 05Daylight employs 80 people, with 43 based in Israel.
  6. 06The funds will support U.S. expansion and entry into new international markets.

The funds will be used to expand its U.S. operations and enter new international markets.

Translated and summarized by baba from Globes, the latest report. Read Globes’s original

The coverage

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