The information security startup Cyber-Ark Software is expected soon to raise $10-15 million, Dolev and Abramovitch Hi-Tech Information reported today.
It is likely however that the round will be completed at a pre-money value of just $15 million. In its previous round the company secured $8 million at a $24 million pre-money value.
Estamates of the sum raised are based on the announcement made by Orama bank in May this year, stating it will be investing $2 million in Cyber-Ark in its secondary round of $15 million.
Cyber-Ark declined to comment.