TechNation: State Prosecutor’s Cybersecurity Unit Blocks Gambling Sites

Glilot Capital raises $110m for fund focusing on AI and cybersecurity

File photo: A man on an internet gaming site.
AFP

State Prosecutor’s cybersecurity unit blocks gambling sites

The cybersecurity unit of Israel’s State Attorney’s Office blocked several internet gambling sites as part of its effort to enforce the law against illegal activity. The department announced on Monday that it had shut down three sites operating betting games: totobet777.com, xbet.com and p2vbet.com on the grounds that they had violated laws against organizing, conducting or participating in various gambling games. The Tel Aviv District Court, which accepted the unit’s petition to block the sites, issued the injunction to internet providers. Because the sites are hosted on servers outside Israel, it is impossible to completely remove these sites, only to limit access to them within Israel. The law, which went on the books a year ago, targets sites engaged in illegal activity like pedophilia, the drug trade, advertising and promoting prostitution, as well as terror organization sites. Haim Wismonski, the unit’s director, commented that more orders to block similar sites would come soon. (Refaella Goichman)

Glilot Capital raises $110m for fund focusing on AI and cybersecurity

After a series of impressive exits in which Glilot Capital Partners bowed out of six of eight companies in its first fund portfolio with a profit, the founding managers of the fund are ready to declare a third fund. The fund announced on Sunday that it expects to report that it completed a $110 million round of financing. The company invests in companies in their early stages in the field of organic programming with an accent on artificial intelligence, big data and cybersecurity. The new round means the fund, founded in 2011 by Kobi Samboursky and Arik Kleinstein, both veterans of the 8200 military intelligence unit, now has assets of $240 million. (Irad Atzmon Schmayer)