JVP Announces winner of the first Cybertition
JVP ANNOUNCES WINNER OF FIRST CYBERTITION: TITANIUM CORE, PROTECTING MISSION-CRITICAL INFRASTRUCTURE. Startup Will Receive $1 Million Investment and Place in the JVP Cyber Labs
Feb. 26th, 2014. RSA Conference, San Francisco, CA – 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.
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. The company was founded by Yuval Elovici, the head of the Cyber Security Lab at Ben Gurion University, Dudu Mimram, the former CTO of Deutsche Telekom Labs in Israel and Mordechai Guri.
"Our patented technology can provide an unbreakable security layer around core, mission-critical systems," said Dudu Mimram, Co-Founder and 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.
“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."