BrazilDelta Capita's investment arm leads funding in Israel's Orchestra
Israel-based cybersecurity firm Orchestra has landed a $7.5 million Series A capital injection, in a funding round led by the investment arm of Delta Capita and Prytek.
“We are delighted with the investment,” said Joe Channer, CEO of Delta Capita, a global consulting and technology firm dedicated to the financial services industry.
In March this year, Delta Capita joined Singapore-based investment group Prytek Holdings as part of a $50 million investment to accelerate its growth. The deal also saw Delta Capita become the lead advisor of Prytek’s $100 million transaction capital fund, which invests in high potential start-ups and scale-ups.
Founded in 2018 in Israel, by Omri Lavie, Jacob Ukelson and Isaac Zack, Orchestra focuses on the defensive cybersecurity market. The Tel Aviv-based company develops a platform that synchronizes the various security products that exist in the organisation, and analyses and builds organisational security policies.
Rapid growth has seen the company expand its team to 35, serving a client roster including corporates and generating “earnings of several million dollars” said Lavie. In the early stages of deal talks, Orchestra was planning on buying one of Prytek’s portfolio companies, but as negotiations progressed, the firm ended up raising money from the private equity investor.
The deal sees Orchestra – which just acquired Israeli cybersecurity startup Cronus – integrate into Prytek’s ecosystem, with access to the international marketing, distribution and sales network expected to provide the Israeli firm with additional revenue opportunities. Delta Capita will meanwhile make Orchestra’s cybersecurity technology available to its European based clients through its London office.
Channer: “Orchestra has developed a holistic cybersecurity automation platform, integrating traditional cybersecurity products with innovative technologies into a single proactive cross-vendor solution. It deepens our cybersecurity consulting and technology offering.”
