Former U.S. Treasury Secretary Steve Mnuchin’s new fund, Liberty Strategic Capital, led the financing round of $275 million for the Israeli company Cybereason.

Mnuchin has been meeting with representatives of several Israeli companies in recent months. This is his first investment as managing partner of the fund, reported the Israeli business daily Globes on Wednesday.

He will join the board of directors, and the fund’s senior advisor, Gen. Joseph F. Dunford Jr. (Ret.), will join Cybereason’s advisory board. Dunford formerly served as the chairman of the Joint Chiefs of Staff.

The cyber-security company, which employs 850 people (350 in Israel), is estimated to be valued at $3.1 to $3.3 billion.


Jewish News Syndicate

With geographic, political and social divides growing wider, high-quality reporting and informed analysis are more important than ever to keep people connected.

Our ability to cover the most important issues in Israel and throughout the Jewish world—without the standard media bias—depends on the support of committed readers.

If you appreciate the value of our news service and recognize how JNS stands out among the competition, please click on the link and make a one-time or monthly contribution.

We appreciate your support.