ReSec Technologies raises $4 million
ReSec Technologies, a cyber security company based in Israel that protects organizations from file-based malware threats, has raised $4 million in a Series A round led by Hong Kong-based Venture Capital fund QBN Capital, with participation from HDI Group, part of Talanx, one of the largest European insurance groups, Disruptive Ventures, a boutique US-based investment house, and Pico Venture Partners.
With ransomware attacks rising globally and more than 90% of malware attacks originating from documents, ReSec Technologies provides organizations with protection from file-based malware threats from email, removable devices, and file-transfer threat vectors (web uploads/downloads, API, File Server), by using patented Content Disarm and Reconstruction (CDR) technology.
“ReSec’s solution overcomes the limitations of traditional and advanced-threat solutions alike and allows organizations to achieve a powerful balance between security and usability. We are extremely impressed with ReSec’s innovative solution and the value it brings to enterprises. We believe that the company is set up for rapid growth.” – Philea Chim, Senior Vice President in QBN Capital.
“ReSec is a financial investment for the HDI Group that offers starting points for operational and strategic cooperation; we have a strong belief in the company’s future. We are pleased to join QBN and ReSec’s existing investor lineup.” – Ulrich Wallin, Managing Director of Hannover Digital Investments, the venture arm of the HDI Group.