JERUSALEM (Reuters) -Israeli cybersecurity startup Vega said on Tuesday it had raised $65 million in early-stage financing rounds that valued it at $400 million.

The funding, which included so-called seed and Series A funding, was led by venture capital fund Accel, with participation from venture capital funds Cyberstarts, Redpoint and CRV.

Israel is a global leader in cyber security.

In July, Palo Alto Networks said it was buying Israeli peer CyberArk Software for about $25 billion, in its biggest deal yet.

That followed Alphabet’s $32 billion acquisition of Israeli startup Wiz in March.

Vega, founded a year and a half ago, said it would use the funds to significantly expand its research and development and its operations in the United States, its main market.

Co-founder and CEO Sha

See Full Page