Cyber defense co Cyvera raises $11m

Cyvera will use the proceeds to expand its business in the US and further develop its cyber defense solutions.

Cyber defense company Cyvera Ltd/ has raised $11 million in a financing round led by Battery Ventures, and joined by private investors Prof. Ehud Weinstein and Dr. Ofir Shalvi. Cyvera will use the proceeds to expand its business in the US and further develop its cyber defense solutions, especially for the finance and healthcare industries, critical infrastructures and the US federal government.

Cyvera prevents cyber threats by obstructing the path upon which the attack is being launched and blocking the attackers from using their toolboxes. The system targets the two most common (and severe) vectors of malware injection by blocking attempts to exploit software vulnerabilities and blocking social engineering tactics that prompt the user to run executable malicious files.

Headquartered in San Francisco, the company's development offices are in Tel Aviv.

Cyvera's flagship product, the Cyvera TRAPS (Targeted Remote Attack Prevention System), is a client-based platform, which consists of endpoint agents and a centralized management and report center. The agents lay traps and set barriers across every conceivable path that an attack could take and conduct random action to deceive the attacker. In addition to stopping an attack and preventing any malicious activity before it occurs, Cyvera has also developed Reflector, an isolated environment for post-prevention study and deep analysis of the obstructed attack, based on the forensics evidence collected in the prevention process.

Cyvera's cyber defense solutions currently work on all types of Windows-based end point and server systems and on top of any platform (whether physical or virtual machine, terminal sessions or thin clients). Additional operating system support is in development and will be released later this year.

"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," says Cyvera co-CEO Netanel Davidi. "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 TRAPS has been deployed, and has successfully prevented targeted attacks, primarily in the finance, energy, chemicals, legal, and high tech industries that operate critical infrastructure or keep sensitive data. The company is a McAfee Security Innovation Alliance (SIA) partner.

Published by Globes [online], Israel business news - - on August 13, 2013

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

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