Mobile firewall co Skycure raises $3m

Skycure CEO: The common scenario of connecting to the local coffee shop wireless network is a corporate nightmare.

Mobile firewall software developer Skycure announced today that it has closed a $3 million seed round led by Pitango Venture Capital with the participation of leading private investors in the industry.

The start up was founded in May 2012 by CEO Adi Sharabani and CTO Yair Amit. Skycure says it is striving to revolutionize the way mobile devices are protected, by introducing a mobile firewall that protects against security threats without compromising usability, privacy or battery life. Skycure wants organizations to embrace the BYOD (bring your own device) trend but still provide strong control and protection.

Skycures patent-pending technology employs a dual protection mechanism, which consists of a client-side firewall on the device to protect it 24/7.

Sharabani said, Skycures technology aims to protect against all network threats, such as corporate data leakage, malicious malware, wireless network attacks, and exploitation of vulnerable apps."

He added, The common scenario of connecting to the local coffee shop wireless network becomes a corporate nightmare. Malicious attackers can easily gain remote control over the victims device long after they have logged off of the coffee shops network and access internal corporate resources, while impersonating the victims identity. This is an ideal tool for hackers to break into enterprise networks, which we can easily block."

Pitango general partner Rona Segev-Gal, who joins Skycure's board, said: As the mobile era evolves, it becomes clearer that networks are no longer confined to physical locations, resulting in unique security challenges that are not solved by current solutions."

Published by Globes [online], Israel business news - - on November 13, 2012

Copyright of Globes Publisher Itonut (1983) Ltd. 2012

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