Cyvera Raises $11M in Venture Capital Funding
Cyvera Ltd., a Tel Aviv, Israel-based provider of cyber defense solutions, raised $11m in venture capital funding.
The round was led by Battery Ventures, with participation from serial entrepreneurs Prof. Ehud Weinstein and Dr. Ofir Shalvi.
The company intends to use the funds to expand business and sales operations in the US (it recently opened its San Francisco office) and to further develop its solutions focusing – in particular – on the finance sector, as well as healthcare, critical infrastructure and the federal market.
Co-founded by Uri Alter, Netanel Davidi and Moshe Ben Abu, and also led by Chief Scientist Gal Badishi (Phd), Cyvera is preventing yet-to-be-identified cyber threats by obstructing the path upon which the “zero-day” attack is being launched. Its flagship product, the Cyvera TRAPS (Targeted Remote Attack Prevention System), is a client-based platform that consists of endpoint agents and a centralized Management and Report Center. The agents lay traps and sets barriers across every conceivable path that an attack could take and conduct random action to deceive the attacker. It has been deployed primarily in finance, energy, chemicals, legal, hi-tech and other sectors that operate critical infrastructure or keep sensitive data.
The company has also developed Reflector, an isolated environment for post-prevention study and deep analysis of the obstructed attack, based on the forensics evidence collected in the process of prevention.
Cyvera’s solutions currently work on all types of Windows-based end point and server systems and on top of any platform (whether physical or virtual machine, terminal sessions or thin clients). Additional operating system support is in development and will be released later this year.
The company’s previous round was led by Blumberg Capital.