Former Meta VP secures $55 million for startup

Roi Tiger, a former vice-president of engineering at Meta, is raising $55 million for a new cybersecurity startup. This funding round is being led by Greenoaks and could value the company at hundreds of millions of dollars. Tiger recently secured $20 million in seed funding just weeks ago. This initial investment came from well-known venture firms like Sequoia, Index Ventures, and Cyberstarts. The rapid fundraising highlights the strong interest that investors have in Israeli cybersecurity companies. This follows Alphabet's recent announcement that it would buy Wiz for $32 billion in cash. Tiger previously founded Onavo, a mobile data analytics firm, which Meta bought in 2013. After the acquisition, he worked at Meta until 2022.