Big50-2017 Startup Spotlight: Nyotron

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 Share on X

Nyotron 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.