Orange has announced new investments in start-ups specialising in cyber security and big data.

The operator’s investment arm Digital Ventures took part in a $12 million funding round for Israel-based cyber security company Morphisec alongside Deutsche Telekom Capital Partners.

Other investors included La Maison, Jerusalem Venture Partners, GE, OurCrowd and Portage Partners.

Morphisec, which was founded in 2014 and raised $7 million in a previous funding round, offers protection against a range of cyber attacks including ransomware and zero-day exploits.

“Morphisec is successfully building a rapidly growing customer portfolio based on its truly unique prevention-based approach,” said Yann Kandelman, Head of Investment at Orange Digital Ventures.

Thierry Bonhomme, CEO of Orange Business Services, said: “We are committed to providing our business customers with the latest solutions that protect against the always-evolving security threats they face.

“This means not only relying on our own capabilities, but making sure that companies such as Morphisec – which offers one of the most innovative and broadly applicable cybersecurity technologies on the market today – has the means it needs to keep developing.”

Orange Digital Ventures also announced it was making an undisclosed investment in NGD Systems, which builds storage hardware with built-in computational ability.

Orange said in a statement this technology “represents a paradigm shift in the way the industry will store and process large volumes of data”.

The investment vehicle was launched in 2015 to invest in disruptive companies in the telecoms and digital sectors.

In December it invested in marketing tech firm FollowAnalytics as it looks to support its enterprise customers’ digitalisation efforts.

Last year, it took part in an €11 million funding round for FAMOCO, which provides transaction solutions in the fields of payment, transport and smart cities for Android-based devices.

This is the second investment it has made in cyber security, following its participation in a funding round for enterprise protection firm SecBi in 2016.

More News

Iliad enters content game in France, finally launches Italian mobile business Iliad enters content game in France, finally launches Italian mobile business Iliad has acquired football rights in France and launched its opco in Italy as it looks to reboot after a disappointing set of financial results. More detail
Three UK appoints new CCO, CFO Three UK appoints new CCO, CFO The departure of Three UK's Chief Commercial Officer after just 18 months in the job has triggered a shake-up of the mobile operator's top team. More detail
TalkTalk to sell enterprise customer base to Daisy as it registers full-year loss TalkTalk to sell enterprise customer base to Daisy as it registers full-year loss TalkTalk has agreed to sell 80,000 business customers to rival Daisy Group in a £175 million deal. More detail
A1 Telekom Austria Group rebrand reaches Bulgaria A1 Telekom Austria Group rebrand reaches Bulgaria Bulgaria is the third A1 Telekom Austria Group opco to get rebranded as the telco looks to market itself as a provider of "advanced" IT, IoT, cloud and content services. More detail
Orange Business Services puts IoT to use on saving ships’ fuel costs Orange Business Services puts IoT to use on saving ships’ fuel costs Orange Business Services has expanded its work with Dobroflot by developing a customised IoT solution for the Russian fishing company. More detail
    

 

European Communications is now
Mobile Europe and European Communications

  

From June 2018, European Communications magazine 
has merged with its sister title Mobile Europe, into 
Mobile Europe and European Communications.

No more new content is being published on this site - 

for the latest news and features, please go to:
www.mobileeurope.co.uk 

 

@eurocomms