Israeli cybersecurity co Hysolate raises $8m

Tal Zamir and Dan Dinnar Photo: Sivan Faraj

The Tel Aviv-based Team8 portfolio company has developed disruptive hybrid endpoint architecture.

Israeli cybersecurity company Hysolate has raised $8 million, led by cybersecurity foundry Team8 and Eric Schmidt's Innovation Endeavors. The Team8 portfolio company, which has developed a disruptive hybrid endpoint architecture, has come out of stealth and launched its first product.

Hysolate was founded by CEO Tal Zamir, a veteran of an elite Israeli cyber unit and former R&D leader in Wanova (acquired by VMware), and Dan Dinnar, former CEO of HexaTier (acquired by Huawei) and executive sales officer at CyberArk Software, from its founding sales team and through its successful IPO in 2014.

In light of the rising number of cyber threats, enterprises typically try to lock down user devices, preventing users from fully browsing the web, installing new apps, connecting USB devices or communicating effectively with 3rd parties or the cloud. This frustrates employees and significantly decreases productivity. In other cases, enterprises adopt an "air gap" security model that requires users to actually carry two laptops: one unrestricted laptop for full Internet use and another strictly restricted laptop for privileged corporate access. While this dramatically improves security, productivity is further degraded.

Hysolate built its platform upon an alternative "hybrid" architecture that eliminates these challenges. The startup allows enterprises to run multiple side-by-side operating systems on a single workstation, providing a seamless experience for end-users while maintaining the highest level of security.

Zamir said, "While we are proud to introduce Hysolate, what excites us even more is that we are creating a game-changing comprehensive security architecture for endpoints. The feedback we have received from our first customers - which include some of the world's most respected and well-known brands - over the last year has been overwhelmingly positive, and we look forward to rapidly expanding our customer and partner base over the next year."

Hysolate is the fourth company to be launched out of Team8, joining Illusive Networks, Claroty and the recently launched Sygnia. Hysolate is working with some of the largest enterprises in the world, including several of the world's biggest banks, technology vendors, financial services providers and other enterprise organizations.

"Team8's vision has always been focused on providing solutions to the most pressing cyber challenges across a diverse set of industries and the launch of Hysolate is a significant step forward in furthering that vision," said Nadav Zafrir, Co-Founder and CEO of Team8. "While most enterprise security products focus on security first and users last, Hysolate is "secure-by-design", ensuring no compromise on both security and user experience. Since its inception, the Hysolate team has far exceeded our expectations and we are very excited to continue working together as the company grows its business."

"Rarely in the cyber security industry is a solution introduced that has as wide-ranging an impact as what Hysolate is launching today," said Ziv Kop, a Partner at Innovation Endeavors. "Hysolate is rewriting the rules that enterprise IT has traditionally been governed by and dramatically improves enterprise productivity overall."

Published by Globes [online], Israel business news - www.globes-online.com - on January 25, 2018

© Copyright of Globes Publisher Itonut (1983) Ltd. 2018

Tal Zamir and Dan Dinnar Photo: Sivan Faraj
Tal Zamir and Dan Dinnar Photo: Sivan Faraj
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