Venture Capital

Trapx Security Raises $18M To Thwart Cyberattacks With Decoy Assets

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San Jose-based cybersecurity company TrapX has secured $18 million in a round led by Ibex Investors, bringing its total raised to nearly $50 million. This follows a $14 million series B in June 2015 and a $14 million follow-on round in June 2017. CEO Moshe Ben-Simon said this latest capital infusion, which included participation from existing investors Strategic Cyber Ventures, Liberty Israel Venture Fund, Intel Capital, BRM Group, and Opus Capital, will help TrapX scale up availability of its cloud-based cyber detection solutions.

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