Check Point Software Technologies (Nasdaq:CHKP) cofounder Shlomo Kramer has established a new data security company, WebCohort Technologies. The company was established in Ramat Gan early this year, and employs 11 people.
WebCohort has completed its seed round, roping in $5 million from the American venture capital fund Accel Partners.
Kramer declined to discuss the solutions the company is developing, or its valuation for financing purposes.
Kramer fulfilled several vice-presidential jobs at Check Point from 1993 to 1996, and also served as a director from its inception in July 1993. He is also involved with two other Israeli network security providers: ForeScout Technologies and Business Layers.
Accel partner Theresia Gouw Ranzetta will be joining WebCohort's board of directors. She already serves on ForeScout's board.