# Lightspin Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lightspin-technologies

- Industry: IT Security/Cybersecurity
- Headquarters: Tel Aviv-Yafo, Israel
- Website: www.lightspin.io
- Total disclosed funding: $20M
- Latest round: Series A (Jun 23, 2021)
- Investors on record: 2

## About

Lightspin Technologies Ltd. is an innovative software company specializing in cloud security solutions that leverage advanced technologies to enhance vulnerability detection in digital environments.Founded in 2020 in Tel Aviv-Yafo, Israel, Lightspin Technologies Ltd. focuses on cloud security, particularly in identifying and addressing vulnerabilities in cloud applications. The company has completed 3 funding deals, with its most recent being a Series A round, where they raised USD 16.00 mn led by Dell Technologies Capital. The firm was co-founded by Chrysostomos Pountzas, Or Azarzar, and Saar Cohen, with a shared vision to strengthen cloud security for enterprises.Lightspin Technologies Ltd. provides advanced software solutions that utilize artificial intelligence and machine learning to enhance cloud security. Their primary offerings include tools designed for intelligent vulnerability detection and real-time data analysis, aiding businesses in optimizing their cloud operations and improving overall security. The company serves clients in various sectors, including technology and finance, across North America, Europe, and parts of Asia, facilitating their digital transformation initiatives.The company generates revenue through subscription-based models tailored for business-to-business (B2B) clients. Customers engage with tiered subscription plans based on operational needs, particularly for flagship products centered around AI/ML-driven analytics tools. This model allows for scalable engagements as client needs evolve, fostering ongoing relationships and ensuring a consistent revenue stream.Lightspin Technologies Ltd. aims to broaden its market presence following its acquisition by Cisco Systems, Inc., which is set to be completed in July 2023 for approximately USD 100 mn. The acquisition will enhance Cisco's capabilities in addressing security vulnerabilities in cloud applications. With the recent funding, Lightspin plans to expand its product offerings and improve its technology stack to support new product launches and enhance current solutions. Specific targeted geographic expansions and product release timelines will be detailed as the company integrates into Cisco's operations.

## Funding rounds

- Series A, Jun 23, 2021, $16M — Ibex Investors, Dell Technologies Capital
- Seed, Nov 24, 2020, $4M — Ibex Investors

## Investors

- Ibex Investors (https://capitalatlas.ai/funds/ibex-investors) — Seed, Series A
- Dell Technologies Capital (https://capitalatlas.ai/funds/dell-technologies-capital) — Series A