The Springtide Ventures fund, which belongs to the KKCG group of Karel Komárek, has invested USD 11 million, ie about a quarter of a billion CZK, in the Israeli start-ups Source Defense and NetOp.Cloud. Who deal with cyber security and automation of corporate network management, KKCG announced.
Springtide Ventures led investment rounds, in which the two companies raised a total of USD 31.5 million. In both cases, Springtide has acquired significant stakes in the companies, and in the case of Source Defense, a position on the board of directors, which will be filled by the fund’s technical director, Karel Tušek, the company said.
Source Defense addresses the risks to which Internet users are exposed, which has adversely affected thousands of companies over the past few years. The application can prevent attempts to misuse JavaScript on companies’ websites.
Solutions from NetOp.Cloud can also prevent damage in the online world. Its platform uses artificial intelligence to monitor the status of the corporate network, simplify IT and network operations, and automate workflows so that networks can heal themselves.
Springtide Ventures focuses on supporting companies with global ambitions whose services and products are based on or closely related to information technology. It’s all about cloud, security and big data. So far, the fund has invested in more than ten Czech and Israeli companies. It has stakes in Cognni and Shield-IoT, among others. Two years ago, he sold a stake in another Israeli company, SPOT.
KKCG Group is an international investment company with a total book value exceeding nine billion euros. The group develops its business activities in 38 countries and has more than 9,000 employees.
Source: KKCG Group and CTK
Photo: Bořislavka – KKCG
