A private investment fund from the United States, specializing in investments in defense companies, is in talks to buy the Israeli cyber weapons development company Paragon Solutions, founded by former commander of the military intelligence unit 8200, reserve brigadier general Ehud Schneurson. The transaction amount is expected to be between 700 million to 1.1 billion US dollars. The startup was initially funded by ex-Prime Minister Ehud Barak and other investors including Battery Ventures, Red Dot Capital Partners, and Yoram Oron. Approval from the Department of Defense Exports in the Ministry of Defense will be required for the transaction to proceed.
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