TEL AVIV, Israel–(BUSINESS WIRE)–Glilot Capital Partners, an early-stage fund focused on Israeli-based software companies, today announced that it has signed a definitive agreement to invest $1.5 million in Light Cyber, a developer of innovative solutions for identifying, preventing, and remediating cyber-attacks and advanced persistent threats (APTs). Glilot launched its activities in early 2011, and this marks its first investment.
Light Cyber, headquartered in Tel Aviv, was founded in 2011 by information security experts Giora Engel and Michael Mumcuoglu, both serial entrepreneurs who served as officers in an elite technological unit while in the Israel Defense Forces. The company’s platform protects organizational networks from within, using a novel anomaly detection and prevention solution to detect intruders in real time, enabling security officers to take preventative action.
“We are excited to welcome Light Cyber as our first portfolio company, and we believe strongly in the technology and the management team. Light Cyber’s technology detects abnormal behavior and analyzes and reports on potential threats, thereby enabling security operation centers (SOCs) to contain malicious attacks in real time,” said Arik Kleinstein, managing partner of Glilot. “Furthermore, the platform learns from decisions of the incident response team and changes in the network to improve the system’s detection engine and update its models.”
Cyber-attacks and APTs result in billions of dollars of losses for enterprises around the globe every year, and have become the number one concern for chief information security officers, according to Kleinstein. Although enterprises are investing in cutting-edge SOCs and ramping up their incident-response capabilities, most APTs are discovered months or years after the incident, long after the damage has been done. This is where Light Cyber’s technology comes in, detecting sophisticated attacks and offering full protection for an enterprise’s internal network, he explained.
“Many organizations have fallen victim to advanced cyber-attacks, which current solutions have been unable to prevent. Light Cyber’s unique technology automatically learns the behavior of the users in an organization, and is therefore able to detect the abnormal behavior of infected endpoints,” stated Giora Engel, Light Cyber’s CEO and founder. “The technology detects attacks without using any rules or signatures, so even attacks that were previously unknown can be detected. Our solution is the only one in the market that learns normal user behavior to automatically identify abnormal network activity within massive volumes of data. We are thrilled that Glilot shares our vision and will be supporting us in combatting APTs worldwide.”
About Glilot Capital Partners
Glilot Capital Partners focuses on innovative, early-stage software companies in Israel, in the fields of information security, cyber technologies, and Internet and mobile applications. The fund’s managing partners are Kobi Samboursky and Arik Kleinstein, and together with additional partners Sallai Meridor, attorney Aaron Abramovich, and former US Deputy Secretary of Defense Gordon England, they bring a wealth of multi-disciplinary experience in the financial and operational aspects of startups, technology investing, public markets, acquisitions, and the public sector. Glilot’s investment model focuses on innovation, short time-to-market, and an efficient development structure. For more information, please visit www.glilotcapital.com or visit Glilot on Facebook: www.facebook.com/glilot.
For more information about Light Cyber, please visit www.lightcyber.com