About AlgoSec
AlgoSec is a company based in Petah Tikva (Israel) founded in 2003.. AlgoSec has raised $36 million across 1 funding round from investors including Claridge Israel. The company has 96 employees as of March 22, 2024. AlgoSec has completed 1 acquisition, including Prevasio. AlgoSec operates in a competitive market with competitors including Spirent, Allot, Juniper Networks, RedSeal and Tufin, among others.
- Headquarter Petah Tikva, Israel
- Employees 96 as on 22 Mar, 2024
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Sectors
Technology
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Phone
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Website
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Social
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- Legal Name Algosec India Llp
- Date of Incorporation 14 Feb, 2019
- Jurisdiction Gurgaon, Haryana, India
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$36 M (USD)
in 1 rounds
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Latest Funding Round
$36 M (USD), Series B
Jan 03, 2018
- Investors
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Employee Count
96
as on Mar 22, 2024
- Investments & Acquisitions
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Funding Insights of AlgoSec
AlgoSec has successfully raised a total of $36M through 1 strategic funding round. The most recent funding activity was a Series B round of $36 million completed in January 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series B — $36.0M
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First Round
First Round
(03 Jan 2018)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2018 | Amount | Series B - AlgoSec | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in AlgoSec
AlgoSec has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Claridge Israel. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Claridge Israel is focused on growth investments in technology-driven companies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by AlgoSec
AlgoSec has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Prevasio. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Cloud security posture management platform
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2020 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - AlgoSec
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Algosec Comparisons
Competitors of AlgoSec
AlgoSec operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Spirent, Allot, Juniper Networks, RedSeal and Tufin, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of automated testing and assurance solutions for networks, security, and positioning
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| domain | founded_year | HQ Location |
Cloud-based platform is used for network management and optimization.
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| domain | founded_year | HQ Location |
Cloud-based enterprise networking and firewall solutions are delivered.
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| domain | founded_year | HQ Location |
Provider of cyber-security analytics platform
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| domain | founded_year | HQ Location |
Fire-wall based network security solutions
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| domain | founded_year | HQ Location |
Cyber threat intelligence, analytics, and management platform is provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Algosec
Frequently Asked Questions about AlgoSec
When was AlgoSec founded?
AlgoSec was founded in 2003 and raised its 1st funding round 15 years after it was founded.
Where is AlgoSec located?
AlgoSec is headquartered in Petah Tikva, Israel. It is registered at Petah Tikva, Central District, Israel.
Is AlgoSec a funded company?
AlgoSec is a funded company, having raised a total of $36M across 1 funding round to date. The company's 1st funding round was a Series B of $36M, raised on Jan 03, 2018.
How many employees does AlgoSec have?
As of Mar 22, 2024, the latest employee count at AlgoSec is 96.
What does AlgoSec do?
AlgoSec was founded in 2003 in Petah Tikva, Israel, and operates in the cybersecurity sector. Security policy management is automated through its suite of products, which handle configurations for firewalls, routers, switches, and secure web gateways. Integration with QualysGuard Vulnerability Management is included to assess and score risks for data center applications and associated servers, both physical and virtual.
Who are the top competitors of AlgoSec?
How many acquisitions has AlgoSec made?
AlgoSec has made 1 acquisition, including Prevasio.
Who are AlgoSec's investors?
AlgoSec has 1 investor. Key investors include Claridge Israel.
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