What is Allot?
Allot Ltd. is a global player in the development, sales, and marketing of advanced security and network intelligence solutions. Catering to mobile, fixed, and cloud service providers, as well as enterprises, Allot offers a comprehensive suite of multi-tenant platforms. These include Allot Secure Management, Allot NetworkSecure, Allot HomeSecure, Allot DNSecure, Allot IoTSecure, Allot BusinessSecure, and EndPoint Secure, alongside Allot Secure Cloud. The company also provides specialized solutions like Allot DDoS Secure/5G Protect for attack mitigation and AllotSmart for regulatory compliance, assisting governments in securing public networks. Established in 1996 and headquartered in Hod Hasharon, Israel, Allot reaches its diverse clientele through direct sales, distributors, resellers, OEMs, and system integrators.
How much funding has Allot raised?
Allot has raised a total of $138.8M across 6 funding rounds:
Series A
$1.5M
Series B
$4.3M
Series C
$7M
Series D
$8M
Stock Offering
$78M
Other Financing Round
$40M
Series A (1998): $1.5M, investors not publicly disclosed
Series B (1998): $4.3M led by Genesis Partners
Series C (2001): $7M supported by Gemini Israel Ventures and Walden Israel Venture Capital
Series D (2004): $8M featuring Gemini, Partech Ventures, and Tamir Fishman Ventures
Stock Issuance/Offering (2007): $78M backed by Lehman Brothers
Other Financing Round (2022): $40M with participation from Lynrock Lake
Key Investors in Allot
Lynrock Lake
Lynrock Lake LP is an SEC-registered investment management firm that specializes in a long-term, fundamentally-driven, value-oriented strategy, focusing on corporate credit, convertible bonds, and equities.
Partech Ventures
Partech is a global investment firm with offices in San Francisco, Paris, Berlin and Dakar, investing across seed, venture and growth stages with over $1.3B in investment capacity, focusing on a wide range of technologies and businesses for enterprises and consumers.
Genesis Partners
Genesis Partners is a venture capital firm that has invested in over 90 portfolio companies since 1996, focusing on innovation-driven companies and exceptional entrepreneurial teams, with a track record of successful exits.
What's next for Allot?
With its recent strategic investment and substantial overall capital, Allot is poised for accelerated growth and innovation. The company's focus on expanding its security and network intelligence portfolio, particularly in areas like 5G security and IoT protection, positions it well to capitalize on evolving market demands. Future strategic moves will likely involve enhancing its platform capabilities, expanding its global reach, and potentially exploring new partnerships or acquisitions to solidify its competitive edge in the dynamic cybersecurity landscape. The company's trajectory suggests a continued emphasis on providing robust solutions for service providers and enterprises navigating complex digital security challenges.
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