Israeli Startups: TripActions, Salt Security Raising Capital
TripActions has raised $125 million in debt financing convertible at IPO.
The company: a cloud-based business travel platform that combines AI-driven personalization with and 24×7 365 live human support to travel business managers. Its real-time data can help enterprise leaders to make business decisions that not only protect their travelers but save money to help spur business and economic recovery.
Founders: TripActions founded in 2015 by CEO Ariel Cohen and CTO Ilan Twig, has raised $981.5 million to date.
Investors: The round Led by Greenoaks Capital with participation from Vista Credit Partners, the credit-lending arm of Vista Equity Partners.
Salt Security has raised $20 million in Series A funding led by Tenaya Capital. Tom Banahan, a Partner at Tenaya Capital has joined Salt Security’s board of directors.
The company: marketing a new cluster of patented API Security solutions, able to uncover the vulnerabilities unique to each API, and identify and respond to attackers before an attack is successful. Its revolutionizing application security and supporting the global push to digital transformation.
Founders: Salt Security cofounded in 2016 by CEO Roey Eliyahu, and Michael Nicosia has raised $30 million to date.
Investors: Existing investors include S Capital’s Haim Sadger and Aya Peterburg, cofounders formerly Sequoia, Marius Nacht, the Co-Founder, and Chairman of Check Point. Strategic investor René Bonvanie, EVP of Strategic Accounts and former CMO at Palo Alto Networks, also participated.
Read more about: Salt Security, TripActions
