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November 5, 2017 imeetscyber.pt0

A new cybersecurity accelerator has just been launched by Germany and Israel. Entitled The Hessian Israeli Partnership Accelerator for Cybersecurity (HIPA), the new accelerator was presented on on October 31 at the Hebrew University in Jerusalem and counts with the co-organisation of The Fraunhofer Institute.

HIPA aims to “ bring together top talents in cybersecurity from Israel and Germany to jointly work on cybersecurity projects in areas such as network technologies, internet infrastructure and software security,” the university said in a statement.

The acceleration will include a week of entrepreneurship training and technology lectures in Jerusalem and two subsequent months of “targeted development” for students of computer science and engineering.

The accelerator’s results will be presented at Berlin, in a future conference, and in front of industry leaders and government representatives.

More information here

Source: Israeli Innovation News


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October 10, 2017 imeetscyber.pt0

In 2017’s first three quarters, there were 20 cybersecurity startups that attracted a venture capital investment of more than $40 million.

The top five of investments is:

SmartSky Networks

$170 million Series B funding round is the amount raised by this North Carolina startup building cellular towers for in-flight connectivity. One target market is government agencies interested in the company’s ability to send live video streams off an airborne platform, the cybersecurity advantage of having narrower spot beams (which reduce the physical access reach of potential hackers), and SmartSky’s encryption.

BlueteamGlobal

This company announced the launch of operations, the merger into BlueteamGlobal of three cybersecurity technology businesses (BitVoyant, K2G and K2 Cyber Defense), and new funding for growth of more than $125 million in financing from institutional and individual investors. BlueteamGlobal provides Advanced Cyber Threat Intelligence for large companies and Managed Cyber Security Services for smaller businesses.

Illumio

Adaptive cybersecurity company Illumio closed on $125 million funding with investment from Andreessen Horowitz, General Catalyst, Data Collective, and Accel, among others.

Cybereason

This Boston-based cybersecurity firm specializing in endpoint detection and response to digital security breaches announced a $100 million funding from Japanese telecommunications firm SoftBank Corp.

Netskope

This cloud access security broker announced it raised $100 million from existing and new investors. The Series E round was led by existing investors Lightspeed Venture Partners and Accel. Sapphire Ventures and Geodesic Capital also participated.

 

Source: CSO from IDG