Security - Thursday, August 7, 2008
Stealth Doc Security's Confidela Raises $5M
Israel and Sunnyvale-based Confidela has closed its 2nd financing round before launch. This round comes in at $5M. Gemini Israel Funds led the round together with the company's first investor, Shlomo Kramer (who had founded Check Point Software).
Confidela plans to launch a software as a service for document security and control. The idea seems sensible. They want to bring Salesforce.com type of offer to small and mid-size businesses who need better security and control over their documents. Time and again we have heard for document pilfering by employees as they leave a company. Often is is documents and data that comprise most of the value of these smaller businesses.
The company is led by co-founder and product lead Noam Livnat, who was a product manager at RSA and Yuval Yaeger who was also in security product at Computer Associates. CEO is Moti Rafalin, who was GM of nLayers at EMC.
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