Yoggie Security Systems completes a $ 1.8M round of investment.
Three investment groups join to finance the company's initial operations
The Yoggie™ solution will address business-critical, yet un-met, IT Security challenges
Tel Aviv, Israel – May 11, 2006 - Yoggie Security Systems, launched in 2006 by Mr. Shlomo Touboul, former founder and CEO of
Shany Computers Inc., Finjan Software, Runway Telecom and Runway Telecom Venture Partners,
today announced the completion of its initial investment round at a level of $1.8M. The company
indicated it is considering extending the initial round with current and additional sources.
Two US based and one Israel based teams participated in the current round: a group of private investors
from New York, headed by Early Bird Capital; a group of private investors from Silicon Valley,
headed by Silicom Ventures; and a group of Israeli private investors.
The funds were raised so as to enable the company to complete its R&D path, and support marketing
and sales efforts.
A unique solution, designed to address a major IT challenge for the first time
Yoggie Security Systems offers a unique and innovative content security solution, designed to address
yet-unmet business critical IT challenges. Market surveys conducted by Yoggie, as well as by leading
research organizations that regularly analyze the IT Security domain, clearly identify the need for a
solution of the kind to be available from Yoggie. The Yoggie platform, expected to be released at the
end of 2006, integrates several hardware and software patents. It has already generated significant
interest with several large multinational organizations, who have expressed the desire to be among
Yoggie's first users as soon as it becomes commercially available. The Yoggie solution will benefit
large enterprises, as well as small and medium businesses and home users.
Shlomo Touboul, founder and CEO of Yoggie Security Systems, said: “We are delighted to have
generated the investment from these particular groups. We expect Yoggie to provide significant and
immediate value to our customers, setting a new standard for the industry to follow”.
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