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JVP managing partner Kobi Rozengarten announced
the investment on Monday during the firm's annual meeting,
without giving details.
The Calcalist financial newspaper said on its website the
investment amounted to tens of millions of dollars.
JVP has nearly $1 billion under management.
Calcalist said the investment was Alibaba's first in a venture
capital fund.
A delegation of around 20 officials from Alibaba is in Israel
this week to meet with JVP and attend a conference on
cybersecurity technology.
In January, Alibaba invested in Visualead, its first investment
in an Israeli company. The start-up specializes in barcode
technology that can be scanned by mobile phones.
JVP, which is managed by Rozengarten, Gadi Tirosh and Raffi
Kesten, has realized several successful investments in
cybersecurity, including the initial public offering on Nasdaq
last year of CyberArk Software.
This month, online payments company PayPal, a unit of eBay,
bought cybersecurity start-up CyActive, in which JVP invested.
JVP also backed CyOptics, which was sold to U.S. semiconductor
maker Avago for $400 million, and flash storage firm XtremIO,
which was acquired by EMC for $430 million.
(Reporting by Tova Cohen; Editing by Mark Potter)
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