The company intends to use the capital to expand its core development team with virtualization and security engineering professionals.
Founded by Dr. Stephen Weis and CEO Oded Horovitz, PrivateCore provides secure hypervisor technology that enables the private execution of virtual machines. It prevents service provider staff that have physical ownership of the server running the virtual machine from bypassing this protection and accessing the data without the owner’s credentials.
PrivateCore helps businesses reduce the need for physical safeguards such as guards, server cages, closed-circuit TV, biometrics, man traps, identity management systems and many other structural and infrastructure security elements.
Early trial users include large financial institutions and a Non-Governmental Organization (NGO) funded by the US government.