Chennai: Quick Heal Technologies Limited, has signed a definitive agreement to invest $2 million in L7 Defense, an Israel-based cybersecurity start-up specialising in Application Program Interface (API) Security and Next Generation Web Application Firewall (NG-WAF).
A press release said, since Quick Heal’s previous investment, L7 Defense has acquired customers in financial, telecom and IT industries across US and Europe.
The investment reiterates Quick Heal’s ongoing efforts to invest in disruptive technologies that will shape the future of cybersecurity while supporting innovative start-ups.
Dr Kailash Katkar, MD and CEO, Quick Heal Technologies, 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”.
Yisrael Gross, co-founder, L7 Defense, said, “We are delighted to strengthen and further solidify our relationship and bond with Quick Heal Technologies. This investment is strategic, and will enable us to further extend our technological leadership, to increase our exposure and gain further market awareness”.