Cyber startup founded by Unit 8200 Commander raises $30 million Series A
Cyber startup founded by Unit 8200 Commander raises $30 million Series A
Sentra, which took its total funding since its founding 18 months ago to $53 million, was co-founded by Asaf Kochan, the former Commander of Unit 8200, Yoav Regev, who headed Unit 8200’s Cyber Department under Kochan, Ron Reiter, and Yair Cohen
Cybersecurity startup Sentra, which develops cloud data security solutions, has announced the completion of a $30 million Series A funding round led by Standard Investments with participation from Munich Re Ventures (MRV), Moore Strategic Ventures, Xerox Ventures, and INT3, as well as existing investors Bessemer Venture Partners and Zeev Ventures.
The new financing, secured just 18 months after the company was founded, brings the total capital raised to over $53 million. The company also announced that Standard Investments’ Peter Marturano, Technology Sector Head, and MRV’s Oshri Kaplan, Managing Director, will be joining its Board of Directors.
Sentra said that its valuation rose significantly since its Seed round last April and that the entire funding will enter the company’s account.
Sentra enables security teams to gain full visibility and control of cloud data, as well as protect against sensitive data breaches across the entire public cloud stack. The company’s data security platform helps organizations discover and remediate the top data security risks in their public environments. It automatically detects if sensitive data is vulnerable due to misconfigurations, over-permissions, unauthorized access, data duplication, or other security issues.
Sentra was co-founded by Asaf Kochan, the outgoing Commander of IDF cyber Unit 8200, together with Ron Reiter, a Unit 8200 alum who co-founded startup Crosswise which was sold to Oracle for $50 million in 2016; Yoav Regev, who headed Unit 8200’s Cyber Department under Kochan; and Yair Cohen, a Senior Product Manager at Datadog. Sentra currently employs around 45 people out of its Tel Aviv and New York offices.
“This funding round puts us in a very good place with a higher valuation than our previous round and provides important funding for the company,” CEO Regev told Calcalist. “The investors did extensive due diligence and only then invested. Our new partners provide us with powerful clients and connections to the market. We are exactly where we wanted to be at this stage.”
