Cyber Defense Company Cyvera Raises $11 Million
Cyvera Ltd. is a company that offers cyber defense solutions to prevent zero-day attacks. The company has raised $11 million in venture capital funding. This round of funding was led by Battery Ventures. Entrepreneurs Prof. Ehud Weinstein and Dr. Ofir Shalvi also participated in this round. Cyvera helps prevent yet-to-be-identified cyber threats by blocking the path upon where the attack is being launched and blocks attackers from utilizing their “toolboxes.”
Cyvera core product is called Cyvera TRAPS, which is a targeted remote attack prevention system. Cyvera TRAPS has endpoint agents and a centralized Management and Report Center.
“We don’t know what the attack will look like, and we don’t even try to, because we understand it is impossible to predict. But we do know every single technique a perpetrator must use to successfully launch an attack. Often these techniques are concealed in innocent looking files like documents, presentations, web links, images and more,” stated Cyvera Netanel Davidi Co-CEO. “With this knowledge we are able to stop the attack in its tracks at a very early stage and by doing so can help our customers evade the effects of zero-day attacks or known attacks on unpatched computers.”
Cyvera will be using the funding to expand their business and sales operations in the U.S. and further develop their cyber defense solutions. Cyvera will focus on finance, healthcare, critical infrastructure, and the federal market.
“As our first US customers begin to deploy solutions, we are excited to be on the ground to work closely with them to integrate Cyvera’s new layer of protection seamlessly into their current strategies,” added Cyvera co-CEO Uri Alter, Co-CEO of Cyvera. “Being part of McAfee’s Security Innovation Alliance enables us to speed integration in complicated environments that are McAfee-based and we are very pleased to be part of it.”