Israel’s Pcysys eyes $1 bln valuation, new funding, CEO says – Reuters

Israeli unlisted cyber security firm Pcysys could be valued at around $1 billion by the end of the year, around which time it may seek new funding to propel growth, its chief executive said on Monday.
The startup, founded in 2015, has so far raised $40 million, including from Insight Partners and Blackstone.
Chief Executive Amitai Ratzon said the current growth trajectory meant Pcysys’ valuation could be in the range of $1 billion by the end of year. He declined to say how much it was worth today.

Click here to view the original article.