Toka, Israeli cyber firm raises $25m in private funding

Toka, Israeli cybersecurity firm, said it raised $25 million in an early stage funding round led by Eclipse Ventures.

Recall that Toka had declared early in the year that it was selected by the World Bank for the project to enhance Nigeria’s cyber development.

The company claimed that it was serving as an advisor to Nigeria‘s government under a project to design and bolster the African country’s national cyber resilience.

Toka said the funds will be used to further its efforts to develop intelligence-gathering platforms and products and advise governments on building a cyber defence.

“This funding will help us build out our product pipeline and commercialize it as well as work with more governments to help them build integrated cyber defence and resilience,” Toka President, Yaron Rosen, said.

Previous investors, including Andreessen Horowitz, Dell Technologies Capital and Entrée Capital, participated in the financing round.

Toka recently won a World Bank-sponsored contract to assist the government of Moldova to identify the country’s cybersecurity gaps and recommend a strategy to modernize government mobile device and data security.

That followed similar World Bank contracts in Nigeria and Ghana.