Below is a press release by Elron, which I thought will be interesting for my readers. The company appointed Elik Etzion to lead the Enterprise Software and Cybersecurity Investments. Etzion to begin at Elron following 20 years of service in IDF top Unit 8200 and several years as Chief Information Security Officer (CISO) at Bank Hapoalim Group. And here the press release as a Guest Post:
Elik Etzion to Be Appointed To lead the Enterprise Software and Cybersecurity Investments at Elron
Tel Aviv, Israel – July 1, 2021 – Elron, a leading Israeli early-stage tech investment company, announced a new managerial appointment. Mr. Elik Etzion has been appointed to lead the Enterprise Software and Cyber Investments at Elron. Etzion will be responsible for identifying and accompanying companies specializing in Cybersecurity and Enterprise Software spaces. He will take over the role as of July 2021.
Elron specializes in early-stage investments in cyber and software companies. The company is reinforcing its management and investment teams. Following its capital offering this past April, the company has approximately $90 million in its fund that is primarily earmarked for continued investments in cyber and software sectors, the company’s leading area of focus, alongside the maturation of its medical device portfolio companies.
Simultaneous with Etzion’s appointment, Mr. Zohar Rozenberg, who successfully spearheaded cyber investments over the past six years, will continue with the company as an active independent partner (Venture Partner). He will continue to support the activities of Elron and its portfolio companies, in which he serves as a board member and a member of the investments team.
46-year-old Elik Etzion is joining Elron’s management team to head cyber and software investments in the company after a comprehensive career of 25 years in key Elron investment sectors. He brings extensive experience in all facets of cyber and data analytics and is familiar with the digital age and the complex challenges that it entails.
Etzion, a retired lieutenant colonel, began his career at the top of the tech and cyber world in the IDF, where he gained diverse technological-operational experience and knowledge over the course of 20 years in Unit 8200. In his last positions in the IDF, Etzion served as deputy commander of the cyber division, head of the R&D Department, and Head of the Cyber operations Department.
Upon his discharge from the IDF, Etzion served as CISO and member of the Technology Division Management at Bank Hapoalim Group. He enhanced the bank’s cybersecurity posture and contributed to the cyber resilience of Israel’s banking sector, alongside being party to spearheading the bank’s digital transformation.
Etzion also served as a director in SHVA and as Chairman of the Board of Directors of Masav, specializing in payments and clearance. He brings in-depth expertise and understanding, a strategic vision of the market along, and practical experience.
Yaron Elad, CEO of Elron: “We are delighted to add Elik to the Elron family. Elik’s exceptional background following 20 years of military experience, his record in the financial sector, and his in-depth and practical familiarity with growing cyber threats and advanced information technologies will prove immensely valuable in identifying new investments and supporting and overseeing our portfolio companies. Elik will join Zohar, my partner in establishing Elron’s cyber portfolio, who will serve as an independent partner. Zohar will continue to support Elron’s specialization in the cyber sector.”
Elik Etzion: “I see a tremendous opportunity to lead the Cybersecurity and Enterprise Software investments at Elron and in helping Israeli startups grow and become global market leaders. Many vertical organizations undergo a deep transformation in their business model by leveraging disruptive technologies from different fields. The COVID-19 pandemic has further accelerated this trend. These transformations dramatically increase the total cyber risk profile and create golden opportunities for threat actors. These Market dynamics create fascinating opportunities for seeding and investing in startups that would facilitate secured business transformation and growth.”
Elik, married and the father of 5, holds a B.Sc. in Math and Computer Science (summa cum laude) and an MBA in Business Administration, both from Tel-Aviv University.