SAN FRANCISCO (Press Release)–Jerusalem Venture Partners (JVP), on Wednesday, Feb. 26, announced that an innovative startup company from Ben Gurion University of the Negev won the first ever “Cybertition.” The winner of the cyber-security startup competition was announced at a JVP co-sponsored event here.
Titanium Core will receive a $1 million investment and space in the JVP Cyber Labs incubator based in the growing cyber epicenter in Beer-Sheva, adjacent to BGU. Titanium Core utilizes a multilayered security approach to repel attacks on mission-critical systems, provide real-time attack information and prevent threats from moving onto other computer systems.
“Our patented technology can provide an unbreakable security layer around core, mission-critical systems,” said Dudu Mimram, co-founder and chief technology officer for Titanium Core. “This funding, along with the guidance of the Cyber Labs incubator, will allow us to bring our vision to market and ensure that this technology can be used to protect the world’s critical IT assets.”
The company was founded by Prof. Yuval Elovici, director of Telkom Innovation Laboratories at BGU; Mimram, the former chief technology officer of Deutsche Telekom Labs in Israel; and Ph.D. student, Mordechai Guri.
“We are proud of our researchers for winning this highly competitive prize, judged by global leaders in cyber security,” said BGU President Prof. Rivka Carmi. “BGU is at the forefront of Israel’s efforts in this critical field.”
JVP’s first Cybertition judging committee included JVP partners and analysts, along with top executives from leading multinational corporations such as GE, Cisco, Microsoft, EMC-RSA, and Lockheed Martin, as well as Israel’s chief scientists.
“Titanium brings together elite minds from academia and business, fusing together incredible innovation with the ability to solve a critical pain point,” said Dr. Nimrod Kozlovski, partner at the JVP Cyber Labs. “The quality and innovative nature of the startups in our Cybertition attests to Israel’s growing role as the global hub for cyber-security innovation.”
Thirty-five promising cyber-security startups submitted their business plans as part of the JVP Cybertition. The submissions included early-stage startups in the areas of zero day attacks, advanced persistent threats (APT), cellular fraud, SCADA security, and encryption.
JVP Cyber Labs is Jerusalem Venture Partners’ (JVP) early stage investment vehicle aimed at identifying, nurturing and building the next wave of cyber-security and big data companies to emerge from Israel. Based in the cyber-security hub of Beer-Sheva, JVP Cyber Labs operates the first government-backed early stage incubator focusing on cyber-security, enterprise security and data protection. JVP Cyber Labs is strategically based in the epicenter of this cyber innovation — bringing together academia, multinational corporations and experts with experience from the military’s elite computer units to be at the forefront of cyber innovation.
The incubator is headed by a seasoned team of partners with deep industry expertise and a strong track record of developing and building early-stage companies. The JVP Cyber Labs team is currently looking for companies in various themes, including APT detection and prevention, mobile/BYOD, cloud and DB security, identification, industrial Internet, M2M, big-data analytics, next-gen FW/IDS/IPS, end-point security, and more. http://www.jvpvc.com/cyberlabs.
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Preceding provided by Ben-Gurion University of the Negev
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