Austrian ex-chancellor Kurz's cybersecurity firm says reaches $1 billion valuation

Quick Summary:

A cybersecurity business launched by former Austrian Chancellor Sebastian Kurz and entrepreneurs in Israel said it is now worth $1.1 billion after receiving another $100 million in a new funding round.

Additional investors in the company include Group 11, Tru Arrow, Tau Capital and Aleph, it said.

He fell from power in 2021, and last year a court in Vienna convicted him of perjury over a political row, handing him an eight-month suspended prison sentence, which he is appealing.

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Category: EconomyBusiness

Markets: SingaporeAustriaIsrael

Topics: Company Firm Million Dream Kurz Cybersecurity Founded Business Billion Chancellor $100

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-17 @ 19:21:18 (6 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 270 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 26224996

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