Orange has announced new investments in start-ups specialising in cyber security and big data.
The operator’s investment arm Digital Ventures took part in a $12 million funding round for Israel-based cyber security company Morphisec alongside Deutsche Telekom Capital Partners.
Other investors included La Maison, Jerusalem Venture Partners, GE, OurCrowd and Portage Partners.
Morphisec, which was founded in 2014 and raised $7 million in a previous funding round, offers protection against a range of cyber attacks including ransomware and zero-day exploits.
“Morphisec is successfully building a rapidly growing customer portfolio based on its truly unique prevention-based approach,” said Yann Kandelman, Head of Investment at Orange Digital Ventures.
Thierry Bonhomme, CEO of Orange Business Services, said: “We are committed to providing our business customers with the latest solutions that protect against the always-evolving security threats they face.
“This means not only relying on our own capabilities, but making sure that companies such as Morphisec – which offers one of the most innovative and broadly applicable cybersecurity technologies on the market today – has the means it needs to keep developing.”
Orange Digital Ventures also announced it was making an undisclosed investment in NGD Systems, which builds storage hardware with built-in computational ability.
Orange said in a statement this technology “represents a paradigm shift in the way the industry will store and process large volumes of data”.
The investment vehicle was launched in 2015 to invest in disruptive companies in the telecoms and digital sectors.
In December it invested in marketing tech firm FollowAnalytics as it looks to support its enterprise customers’ digitalisation efforts.
Last year, it took part in an €11 million funding round for FAMOCO, which provides transaction solutions in the fields of payment, transport and smart cities for Android-based devices.
This is the second investment it has made in cyber security, following its participation in a funding round for enterprise protection firm SecBi in 2016.