California, 15th Jan 2021: Antivirus firm Quick Heal Technologies invested $2 million in an Israel-based cybersecurity startup L7 Defense.
L7 Defense specializes in Application Program Interface (API) Security and Next Generation Web Application Firewall (NG-WAF). This is the second round investment by Quick Heal in L7 Defense.
Last Year Quick Heal invested $300,000 in L7 Defense to acquired customers in financial, telecom and IT industries across US and Europe.
Dr Kailash Katkar, Managing Director and CEO, Quick Heal said, “L7 Defense has proven its unique capabilities in the area of API Security and NG-WAF which led us to further increase our investment. Simultaneously, this move enables ‘Seqrite’ to foray into application security and strengthen our solution stack to secure modern enterprises against the next-generation of cyber-attacks”.
In addition to L7 Defense, the company had recently invested in Singapore-based Ray Pte Ltd.
“This investment is strategic, and will enable us to further extend our technological leadership, to increase our exposure and gain further market awareness,” Yisrael Gross, co-founder of L7 Defense, said.