Check Point Founder Returns to Source to Fund New Venture

Shlomo Kramer, Gil Shwed's and Marius Nacht's former partner in founding Internet security giant Check Point Software Technologies, is trying to recreate the success along with American venture capital funds that invested in Check Point in the early days. Kramer, with financing from U.S. Venture Partners and Venrock Associates, hopes WebCohort, also in the software security field, will go as far. The new venture completed a $12 million round of financing last week, led by USVP and Venrock.