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BGU Startup Secures $1 Million in Cyber Competition

BGU Startup Secures $1 Million in Cyber Competition

February 26, 2014

Business & Management, Homeland & Cyber Security, Press Releases

SAN FRANCISCO, California, February 26, 2014 – Israel’s largest early-stage cyber-security investor in Israel, Jerusalem Venture Partners (JVP), announced today that an innovative startup company from Ben-Gurion University of the Negev won the first ever “Cybertition.” The winner of the cyber-security startup competition was announced at a JVP co-sponsored event at the RSA Conference in San Francisco last night.

Titanium Core will receive a $1 million investment and space in the JVP Cyber Labs incubator based in the growing cyber epicenter in Beer-Sheva, adjacent to BGU. Titanium Core utilizes a multilayered security approach to repel attacks on mission-critical systems, provide real-time attack information and prevent threats from moving onto other computer systems.

“Our patented technology can provide an unbreakable security layer around core, mission-critical systems,” said Mimram, co-founder and chief technology officer for Titanium Core. “This funding, along with the guidance of the Cyber Labs incubator, will allow us to bring our vision to market and ensure that this technology can be used to protect the world’s critical IT assets.”

The company was founded by Prof. Yuval Elovici, director of Telkom Innovation Laboratories at BGU; Dudu Mimram, the former chief technology officer of Deutsche Telekom Labs in Israel; and Ph.D. student, Mordechai Guri.

“We are proud of our researchers for winning this highly competitive prize, judged by global leaders in cyber security,” said BGU President Prof. Rivka Carmi. “BGU is at the forefront of Israel’s efforts in this critical field.”

JVP’s first Cybertition judging committee included JVP partners and analysts, along with top executives from leading multinational corporations such as GE, Cisco, Microsoft, EMC-RSA, and Lockheed Martin, as well as Israel’s chief scientist.

“Titanium brings together elite minds from academia and business, fusing together incredible innovation with the ability to solve a critical pain point,” said Dr. Nimrod Kozlovski, partner at the JVP Cyber Labs. “The quality and innovative nature of the startups in our Cybertition attests to Israel’s growing role as the global hub for cyber-security innovation.”

Thirty-five promising cyber-security startups submitted their business plans as part of the JVP Cybertition. The submissions included early-stage startups in the areas of zero day attacks, advanced persistent threats (APT), cellular fraud, SCADA security, and encryption.


About JVP Cyber Labs

JVP Cyber Labs is Jerusalem Venture Partners’ (JVP) early stage investment vehicle aimed at identifying, nurturing and building the next wave of cyber-security and big data companies to emerge from Israel. Based in the cyber-security hub of Beer-Sheva, JVP Cyber Labs operates the first government-backed early stage incubator focusing on cyber-security, enterprise security and data protection.

JVP Cyber Labs is strategically based in the epicenter of this cyber innovation — bringing together academia, multinational corporations and experts with experience from the military’s elite computer units to be at the forefront of cyber innovation. The incubator is headed by a seasoned team of partners with deep industry expertise and a strong track record of developing and building early-stage companies.

The JVP Cyber Labs team is currently looking for companies in various themes, including APT detection and prevention, mobile/BYOD, cloud and DB security, identification, industrial Internet, M2M, big-data analytics, next-gen FW/IDS/IPS, end-point security, and more. http://www.jvpvc.com/cyberlabs.

ABOUT AMERICANS FOR BEN-GURION UNIVERSITY

By supporting a world-class academic institution that not only nurtures the Negev, but also shares its expertise locally and globally, Americans for Ben-Gurion University engages a community of Americans who are committed to improving the world. David Ben-Gurion envisioned that Israel’s future would be forged in the Negev. The cutting-edge research carried out at Ben-Gurion University drives that vision by sustaining a desert Silicon Valley, with the “Stanford of the Negev” at its center. The Americans for Ben-Gurion University movement supports a 21st century unifying vision for Israel by rallying around BGU’s remarkable work and role as an apolitical beacon of light in the Negev desert.

About Ben-Gurion University of the Negev

Ben-Gurion University of the Negev embraces the endless potential we have as individuals and as a commonality to adapt and to thrive in changing environments. Inspired by our location in the desert, we aim to discover, to create, and to develop solutions to dynamic challenges, to pose questions that have yet to be asked, and to push beyond the boundaries of the commonly accepted and possible.

We are proud to be a central force for inclusion, diversity and innovation in Israel, and we strive to extend the Negev’s potential and our entrepreneurial spirit throughout the world. For example, the multi-disciplinary School for Sustainability and Climate Change at BGU leverages over 50 years of expertise on living and thriving in the desert into scalable solutions for people everywhere.

BGU at a glance:  

20,000 students | 800 senior faculty | 3 campuses | 6 faculties: humanities & social sciences, health sciences, engineering sciences, natural sciences, business & management, and desert research.

 

For all press inquiries, please contact:

James Fattal, J Cubed Communications

516.289.1496

[email protected]