JVP, Israel's leading VC firm and the largest early-stage cyber-security investor in Israel, announced today that Titanium Core, an innovative startup that protects mission-critical infrastructure, has won JVP's first ever “Cybertition” cyber-security startup competition. Titanium will receive a $1M Investment and a spot in JVP Cyber Labs incubator based in the growing cyber epicenter in Beer-Sheva.
The company was founded by Prof. Yuval Elovici, the head of the Cyber Security Lab at BGU and a member of the Department of Information Systems Engineering, Dudu Mimran and Mordechai Guri. Titanium Core utilizes a multilayered security approach to repel attacks on mission-critical systems, while simultaneously preventing the threat from moving on to other computer systems and providing real time information on the attack.
"Our patented technology can provide an unbreakable security layer around core, mission-critical systems," said Mimran, CTO of 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 utilized to protect the world’s critical IT assets."
Thirty-five promising cyber-security startups offering numerous technological solutions to the pressing cyber threats of today and tomorrow submitted their business plan 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, encryption and others.
The winner of the first JVP Cybertition was announced at a JVP co-sponsored event at the RSA Conference in San Francisco. 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 Scientist.
"We are proud of our students and researchers for winning this highly-competitive prize, judged by global leaders in cyber security," said University President Rivka Carmi. "BGU is at the forefront of Israel's efforts in this critical field and many others."
“The Cybertition gives us a unique opportunity to fast track a truly innovative concept and bring it to market,” said Yoav Tzruya, Partner at the JVP Cyber Labs. “Titanium has the potential to revolutionize how we defend against cyber threats on mission-critical systems, and we look forward to helping this amazing team achieve this crucial goal.”
"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."
About Jerusalem Venture Partners
Jerusalem Venture Partners (JVP) is a leading Israeli venture capital firm dedicated to building world class technology companies. JVP has raised close to a billion dollars across nine funds since it was established in 1993 and was recently ranked one of the top-10 consistently performing VC funds worldwide by Preqin. JVP invests in innovative companies in the areas of cyber-security, digital media and storage. The fund has invested in over 100 companies to date and has been instrumental in leading 26 of the largest exits out of Israel. JVP operates two incubators under the State of Israel's incubator program, in the areas of media and storage as well as cyber-security and big data.
About JVP Cyber Labs
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.
Check out some pictures from the event in San Francisco