Data security developer Nyotron raises $2m

The company's Paranoid technology can detect all targeted threats, known and unknown, whether a virus, worm, malware, Trojan, or other attack.

Nyotron Information Security Ltd., the developer of the Paranoid data security solution designed for monitoring system events on user end points, has raised $2 million from Dr. Shmuel Harlap, the owner and chairman of Hyundai, Mitsubishi, Smart and Mercedes Benz importer Colmobil Ltd. The company had previously raised $3.5m and together with this round has raised a total of $5.5m.

Nyotron was founded by CTO Nir Gaist and his brother, COO Ofer Gaist. The company's Paranoid technology operates in the operating system's kernel in real time. Paranoid becomes an integral part of the operating system, using a Behavioral Patterns Map, developed by Nyotron's research team, to identify a threat by its kernel-based behavior, which can detect any targeted threat, known and unknown, whether it is a virus, worm, malware, exploit (internal\external), Trojan, or other attack.

The system is now being installed at Israeli security and financial entities, which face some of the most frequent cyber attacks.

Published by Globes [online], Israel business news - www.globes-online.com - on July 2, 2013

© Copyright of Globes Publisher Itonut (1983) Ltd. 2013

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