Sunday , April 2 2023

KSM Ciber raises $ 22 million to automate cyber security


There is a reason why, by 2021, the number of non-functional security jobs around the world is expected to reach 3.5 million. It is estimated that 230,000 new forms of malware are triggered every day. The average cost of data violations in 2020 exceeds $ 150 million. And only 38 percent of global organizations say they are ready to face sophisticated cybercats.

That is why Tamir Pardo, who was the head of Mossad, the Israeli elite security intelligence service, between 2011 and 2016 – two years ago joined KSM Ciber, a movement that claims to be the pioneer of the first platform capable of simulating, validating and remodeling advanced Resistant Threats (ATP) with Artificial Intelligence (AI). Today announced that it has launched $ 22 million in the A Series in which Mackuarie Capital, Nasdak Ventures, Our Innovation Fund and UST Global took part, which has so far been up to $ 32 million in total.

Executive Director of KSM Ciber and co-founder Noam Erez said he would use funds to "accelerate" [XM Cyber’s] strong growth "through expanded sales, marketing and engineering programs.

"In this era of hyper-sophisticated cybercrime, our solution shows that organizations need to be set up [if their assets are secure]because there are many ways that hackers can compromise them, "he said." 2018 is an incredible year for KSM Ciber, and this funding phase will help us expand our imprint in 2019. "

KSM Ciber's HaKSM platform – developed by a team of more than 30 cyber security researchers from Mossad, the Israeli security agency and Israeli elite units – 8200 Israeli intelligence corpus base – uses offensive methods to detect dead spots in the network and autonomously Recommends how they can be repaired. It effectively plays the role of so-called red teams, corporate hackers who are engaged in finding systemic exploits and vulnerabilities.

Unlike most human red teams, HAXM is continually auditing, Erez said, finding holes in enterprise networks because they were re-enrolled and updated over time. Equally useful, its cloud panel allows IT teams to "repeat" penetration tests within a time frame and see the theoretical damage they have caused, such as credentials and data that would be exposed.

KSM Ciber has nearly 30 customers in Europe, Israel and the United States in numerous industries, including banking, insurance and critical infrastructure. Earlier he collected $ 15 million from Svarth Group, a private company owned by Israeli billionaire Shaul Shani.

"As cyber threats continue to evolve, we believe that KSM Ciber deals with an important need, especially for financial services and market infrastructure companies," said Gari Offner, head of Nasdak Ventures. "We believe that our investments in KSM Ciber will help to continue the development in the advancement of simulation and detection technology and the detection process. This is an important area in the development of cyber security and it is our pleasure to support its growth and expansion."

Israel is a wave of Cyber ​​security. Of the approximately 166 startups in the region, 16 have raised more than $ 50 million in venture capital, and another 18 have increased more than $ 30 million, according to a survey launched this year by IL Ventures.

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