A private investment fund from the United States, specializing in investments in defense companies, is currently in discussions to acquire the Israeli company Paragon Solutions, known for its development of cyber weapons. The potential transaction is estimated to be between 700 million to 1.1 billion US dollars. Paragon Solutions was established in 2019 by former commander of the military intelligence unit 8200, reserve brigadier general Ehud Schneurson, along with two individuals from the same unit, Idan Nurik and Igor Bogdlov. The initial funding for the startup came from ex-Prime Minister Ehud Barak, who currently holds several percent of the company’s shares. Other investors in Paragon Solutions include Battery Ventures, Red Dot Capital Partners, and Yoram Oron. It is important to note that the acquisition must be approved by the Department of Defense Exports within the Ministry of Defense.
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