Finalists Represent Next Generation of Israeli Cyber-Security Technology.
Winner to Join JVP Cyber Labs and Receive $1M Investment
Feb. 17th, 2014. Jerusalem, Israel – JVP, Israel’s leading VC firm and the largest early-stage cyber security investor in Israel, announced today the four finalists of JVP’s first ever cyber-security startup “Cybertition.” The winner of the competition will receive a $1M Investment and a spot in JVP Cyber-Labs incubator in Beer Sheva.
35 promising cyber-security start-ups offering numerous technological solutions to the pressing cyber threats of today and tomorrow submitted their business plan as part of the Cybertition. The submissions included young startups in the areas of zero day attacks, advanced persistent threats (APT), cellular fraud, Scada security, encryption and others.
The four finalists will join JVP at the RSA Conference taking place in late February in San Francisco. The winner of the first JVP Cybertition will be announced at RSA on February 25, 2014, as part of the JVP co-sponsored event being held at the W Hotel.
JVP’s first Cybertition judging committee includes 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 is about finding early stage startups with a clear, unique, innovative, groundbreaking technology aimed at addressing the real needs in the market,” said Yoav Tzruya, Partner at the JVP Cyber Labs. “As one of the leading investors in cyber-security in Israel, JVP and its team will work closely with the new entrepreneurs to help turn this technology into a global leader by helping formulate their teams, develop the product and establish their ‘go to market’ strategy with a view to creating the next generation of significant cyber-security companies out of Israel.”
“The Cybertition finalists have demonstrated the potential to be the next big thing in Israeli cyber-technology,” said Nimrod Kozlovski, Partner at the JVP Cyber Labs. “These startups are engaged in such fields as advanced biometric solutions and cloud and mobile security, and offer interesting solutions in the areas of Scada and Embedded Systems. The profiles of the entrepreneurs are equally varied, including academicians who wish to commercialize their advanced research, information security veterans and even executives from the leading multinationals.”
The four finalists include:
Dyadic Security – Encryption for information systems
Titanium – Hardening of mission-critical systems
RisklessID – Cellular fraud solutions
Cloud Intact – Cloud security management
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 companies and technologies in the areas of digital media, cyber-security and storage. The fund has invested in over 95 companies to date and led 26 of them to substantial exits. 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. http://www.jvpvc.com/cyberlabs
Pnina Ben Ami,
JVP Director of Communications
Tel: +972 2-640-9076
Cell: +972 50-621-4186