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The Israeli cyber company Check (CHEQ) raised $ 150 million as part of round C, with the company’s estimated value for raising $ 1 billion. The current round of funding was led by Tiger Global Investment Fund and also included existing investors Hanaco Battery Ventures, Phoenix Insurance and Key1 Capital. Currently, CHEQ’s total funding stands at $ 183 million. The funds will be used to accelerate technological development processes and significant recruitment of employees.
CHEQ has become a world leader in go-to-market security, developing systems that protect marketing and sales systems, websites, online commerce and data, from bots, fake users and scams. CHEQ’s platform uses over 50,000 websites worldwide. The company aims to triple its operations during 2022 in the key markets in which it operates: North America, Europe and Southeast Asia.
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“We put cyber tools in the hands of sales, marketing and data organizations to protect their business activities from fraudulent users, bots and other malicious activity, which make up over 40% of internet traffic. We provide the highest level of protection that an organization’s information security may require, without To hurt the needs of marketing and sales teams, “said Guy Titonovich, founder and CEO of CHEQ.
John Curtius, a partner at Tiger Global: “We are excited to invest in an industry leader like CHEQ, whose products are essential to the operations of companies of all sizes and industries. It is a company that has managed to generate massive growth while maintaining exceptional efficiency metrics.”
CHEQ has more than 12,000 customers worldwide, from teams and individuals to the world’s leading organizations. The company was founded in 2016 by Guy Titonovich, who serves as CEO, Ehud Levy, the company’s chairman, and Assaf Botovsky, VP of technology. CHEQ currently employs about 200 people in the company’s offices in Tel Aviv, New York, Tokyo, Shanghai and Sydney, and is expected to recruit another 120 new employees in the coming year for a variety of jobs: development, marketing, sales, customer management and product management.
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