Amount Raised
$40 Million
Round Type
Funding Round
Hod HasharonInformation TechnologyArtificial IntelligenceDescription
Allot Ltd. (NASDAQ: ALLT) (TASE: ALLT) (the "Company"), a leading global provider of innovative security solutions and network intelligence for enterprise and mobile, fixed, and cloud service providers, announced today that it had entered into a $40 million private financing with Lynrock Lake Master Fund LP, a fund managed by Lynrock Lake LP ("Lynrock Lake"), an investment management firm with approximately $1.3 billion of assets under management. The financing consists of $40 million principal amount of a convertible promissory note (the "Note"). The financing is expected to close on February 17, 2022.
Quick answer
Allot raised $40 Million in a Funding Round round, dated February 15, 2022. Allot is based in Hod Hasharon, Center District, Israel.
- How much did Allot raise?
- Allot raised $40 Million in a Funding Round round on February 15, 2022.
- What does Allot do?
- Allot Ltd. (NASDAQ: ALLT, TASE: ALLT) is a provider of leading innovative network intelligence and converged security solutions for service providers and enterprises worldwide, enhancing value to their customers.
- Where is Allot based and how big is it?
- Allot is based in Hod Hasharon, Center District, Israel.
- Who are the decision-makers at Allot?
- Fundz holds 1 contact at Allot. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Artificial Intelligence around the same time
Companies in the same sectors as Allot that raised within 45 days of this round, from Fundz verified event records.
- Pinecone raised $28M on April 1, 2022.
- Electives raised $8M (Series A) on March 31, 2022.
- Skan AI raised $40M (Series B) on March 30, 2022.
- Altoida raised an undisclosed amount (Series A) on March 30, 2022.
- Skan AI raised $40M (Series B) on March 30, 2022.
- Builder.ai raised $100M (Series C) on March 30, 2022.
Who to call at Allot, and when
A new round usually means Allot is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Allot raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Allot, from your own LinkedIn network
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Fundz sees it the moment Allot raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Allot raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
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