RSA CONFERENCE, SAN FRANCISCO, February 26, 2014 /PRNewswire/ --
Jerusalem Venture Partners (JVP), Israel's leading VC firm and the largest early-stage cyber-security investor in Israel, announced today that Titanium Core, an innovative startup that protects mission-critical infrastructure, has won JVP's first ever "Cybertition" cyber-security startup competition. Titanium will receive a $1M Investment and a spot in JVP Cyber Labs incubator based in the growing cyber epicenter in Beer Sheva.
Titanium Core utilizes a multilayered security approach to repel attacks on mission-critical systems, while simultaneously preventing the threat from moving on to other computer systems and providing real time information on the attack. The company was founded by Yuval Elovici, the head of the Cyber Security Lab at Ben Gurion University, Dudu Mimram, the former CTO of Deutsche Telekom Labs in Israel and Mordechai Guri.
"Our patented technology can provide an unbreakable security layer around core, mission-critical systems," said Dudu Mimram, Co-Founder and CTO of 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 utilized to protect the world's critical IT assets."
Thirty-five promising cyber-security startups offering numerous technological solutions to the pressing cyber threats of today and tomorrow submitted their business plan 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, encryption and others.
The winner of the first JVP Cybertition was announced at a JVP co-sponsored event at the RSA Conference in San Francisco.
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.
"The Cybertition gives us a unique opportunity to fast track a truly innovative concept and bring it to market," said Yoav Tzruya, Partner at the JVP Cyber Labs. "Titanium has the potential to revolutionize how we defend against cyber threats on mission-critical systems, and we look forward to helping this amazing team achieve this crucial goal."
"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."
Visuals from the JVP Cybertition winner announcement. Photos courtesy of Brian L Frank, Getty Images. For print quality photos please contact press inquiries below.
Group Shot From Right to Left: Dudu Mimran (co-founder, Titanium, Winner of the JVP Cybertition), Yuval Elovici (co-founder, Titanium, Winner of the JVP Cybertition), Yoav Tzruya (Partner, JVP Cyber Labs), Nimrod Kozlovski (Partner, JVP Cyber Labs), Avi Shavit (HLS Head in the Office of the Israeli Chief Scientist), Chandra McMahon (VP of Commercial Markets, Lockheed Martin IT Systems) , Omri Cherni (JVP), Bret Hartman (Chief Technology Officer (CTO) for the Security Technology Group, Cisco Systems)
Announcing the winner From Right to Left: Dudu Mimran (co-founder, Titanium, Winner of the JVP Cybertition) and Yoav Tzruya (Partner, JVP Cyber Labs); Looking on: Nimrod Kozlovski (Partner, JVP Cyber Labs), Omri Cherni (JVP)
About Jerusalem Venture Partners:
Jerusalem Venture Partners (JVP) is a leading Israeli venture capital firm dedicated to building world class technology companies. JVP has raised close to a billion dollars across nine funds since it was established in 1993 and was recently ranked one of the top-10 consistently performing VC funds worldwide by Preqin. JVP invests in innovative companies in the areas of cyber-security, digital media and storage. The fund has invested in over 100 companies to date and has been instrumental in leading 26 of the largest exits out of Israel. JVP operates two incubators under the State of Israel's incubator program, in the areas of media and storage as well as cyber-security and big data.
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
Pnina Ben Ami
JVP Director of Communications