(July 14, 2021 / JNS)
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.
