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Security startup LightCyber raises $10m

LightCyber, whose software detects network breaches after other barriers have failed, said on Wednesday it raised $10 million from a group of investors led by the United States venture capital fund Battery Ventures. Existing investors Glilot Capital, which led the company’s previous $12 million investment round, and Marius Nacht, one of the founders of Check Point Software, also joined in the fundraising. LightCryber said the proceeds would be used to expand sales and marketing operations in the U.S. for its flagship product, LightCyber Magna. The company was formed in 2011 and employs 20 in Ramat Gan and New York. (Amitai Ziv)

Facebook rents space in Tel Aviv

Facebook has rented four floors covering 3,500 square meters in an office tower at 22 Rothschild Boulevard in Tel Aviv. The social media giant began operations in Israel only last October when it bought the startup Onavo, a developer of mobile applications based in the diamond bourse district in Ramat Gan, for a price of between $150 million and $200 million and designated it its first Israeli research and development center. Since then, Facebook has moved to building up operations in Israel, naming Roi Tiger, Onavo’s chief technology officer, R&D director for Israel. Adi Sofer Teeni was appointed in March general manager for business operations in the country and scores of employees have been hired. (Raz Smolsky)

LivePerson sees growth from new platform

Chat software provider LivePerson expects major growth to follow the launch of its new platform that allows businesses to engage online customers more effectively. With transactions increasingly taking place on computers and mobile devices, retailers and banks are pouring resources into finding ways to make that experience as simple and easy as possible. “It’s a digital tsunami,” said Eran Vanounou, CEO of LivePerson Israel. “The big brands understand this big time. They understand they have to create a meaningful connection with consumers, not just a transaction.” LivePerson, whose 8,000-plus clients include Bank of America and Home Depot, is headquartered in New York, though most operations are handled in Israel. (Reuters)