Nyotron
What they do: Provide cybersecurity as a service.
Problem they solve: Enterprises, states, and entire economies are facing increasingly sophisticated and targeted cyber-threats. Zero-day and targeted attacks are becoming increasingly stealthy and sophisticated, often easily bypassing both traditional and next-gen security defenses.
Today’s most advanced malware is created by highly organized nation states and underground networks, and is, therefore, designed to bypass traditional and even sophisticated next-gen endpoint protection products. Nyotron argues that, as of today, no proven technology exists to detect and prevent sophisticated unknown threats as they occur – in real-time
Add it all up, and the proliferation of attackers and breaches ends up costing enterprise organizations billions of dollars annually in remediation. According to Ponemon, the average cost of a data breach is now $3.62 million.
How they solve it: Nyotron’s PARANOID platform relies on a “Behavior Pattern Mapping” (BPM) technology, which is designed to prevent all unknown attacks aimed at critical enterprise data and assets. The software offers a last-line-of-defense approach, hooking every system call sent to the kernel space (the core of the operating system), analyzing it, comparing it with Nyotron’s BPM to identify potential attacks.
#Big50-2017 startup Nyotron raises $21M, adds new CEO, builds out its Behavior Pattern Mapping cybersecurity tech. https://wp.me/p330ZZ-jh Click To TweetNyotron contends that its solution can block threats that can outsmart other security layers, without any previous knowledge about the attack or its methodologies.
Headquarters: Santa Clara, CA
CEO: Peter Stewart, who previously held several executive positions at McAfee and served as CEO of TraceSecurity.
Year Founded: 2012
Funding: In July 2017, Nyotron closed a $21 million VC round, bringing their total raised to date to $31M. The financing was led by DGB Investments, the technology holding company owned by Douglas and Sandra Bergeron. Existing investors include Mitvah Shamir, Gil Agmon and Shmuel Harlap
Competitors include: McAfee, Symantec, Cylance, SentinelOne, and Carbon Black.
Why they’re in the Big 50-2017: Nyotron is making all the right moves for a young cybersecurity company positioned in a crowded, noisy space. They’ve raised a solid amount of VC funding, have expanded into the UK, and added a CEO, Peter Stewart, who bolsters their strength of their leadership team.
We would like to see some named customers, but those can be hard to come by for security companies.
