Skybox Security Raises $5 Million

Skybox Raises Seed Funding From Benchmark Capital, Carmel Ventures and Mofet To Develop Security Assessment Software For The Enterprise

Herzelia, Israel, April 29, 2002 - Skybox Security, a newly formed start-up company, today announced securing seed funding of $5 million, in a round led by Benchmark Capital and Carmel Ventures, with the participation of Mofet.

Skybox Security solutions are focused on enabling the continuous enterprise-wide assessment of vulnerabilities and threats affecting corporate networks.

"We are extremely proud of the display of confidence our investors have expressed in the Skybox vision. We believe that our solution is answering a very acute market need," said Gidi Cohen, Skybox CEO. The company is currently recruiting its initial R&D personnel with the target of reaching 10-15 employees by the end of 2002.

Skybox Security was founded by security experts Gidi Cohen- former CEO & co-founder of Vigil Technologies, Moshe Meiseles- former Senior VP Development of Memco (acquired by Computer Associates), and Eran Reshef- co-founder of Sanctum.

Joining Eran Reshef and Gidi Cohen on the Skybox Security's board of directors will be Mr. Arad Naveh of Benchmark Capital, Ms. Rina Shainski of Carmel Ventures, and Mr. Elie Barr of Mofet.