10 security start-ups to watch | ITworld
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ThetaRay and CyberX Labs, based in Israel, have similar goals: finding ways to protect industrial networks. CyberX, founded by Omer Schneider, is in stealth mode, developing threat-detection technology for industrial networks used by the likes of energy and gas and oil companies. The company, which received initial seed money of $20,000 from CyWest Labs, also recently received $2 million in funding from Glen Rock Israel, Glilot Capital partners and Swarth Group. ThetaRay, co-founded last year by CEO Mark Gazit with Tel Aviv University professor Amir Averbuch and Ronald Coifman of Yale, has begun to find its server-based technology that’s used in monitoring of power-production facilities become deployed as Thetaray plans for general availability in the September timeframe. Gazit says the ThetaRay security appliance, deployed on premises, works by looking at both operational data from industrial systems such as SCADA controls while simultaneously combining and comparing it against the monitored network traffic and security gear. The result is a “hyper-dimensional picture of normal behavior, in order to detect variances that might indicate an attack, says Gazit. The goal is to prevent the targeted, stealthy attacks.
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