Category: News Alerts

SAN FRANCISCO, May 7, 2024, CyberNewsWire –– Hunters, the pioneer in modern SOC platforms, today announced its full adoption of the Open Cybersecurity Schema Framework (OCSF), coupled with the launch of groundbreaking OCSF-native Search capability.

This strategic advancement underscores Hunters’ commitment to standardizing and enhancing cybersecurity operations through open, integrated data sharing frameworks.

Uri May, CEO of Hunters, explained the strategic significance of this move, stating, “Adopting OCSF as our primary data model represents a transformative step in our journey to elevate cybersecurity operations. Alongside this, our new advanced OCSF-native search functionality is set to transform how security data is searched and analyzed, offering unprecedented efficiency and precision.”

Democratizing Sec Ops

The adoption of OCSF provides a unified, standardized language across cybersecurity tools and platforms, simplifying data integration and analysis workflows. The adoption fosters frictionless interoperability and enables enhanced collaboration among cybersecurity professionals, promoting flexibility and innovation by eliminating constraints imposed by proprietary data formats.

“Adopting OCSF will not only enhance our AI-driven security solutions, but also enable seamless data integration across vast and diverse datasets, dramatically improving the speed and accuracy of threat detection and response,” added May.

Some of the benefits of adopting OCSF include:

•Streamlined Operations and Enhanced Collaboration – practitioners use common security language, promoting efficient sharing of insights and best practices, bolstering collective defense strategies.

•Breaking Vendor Lock-in and Data Silos – Organizations are not constrained by proprietary data formats from specific vendors.

•Revolutionizing Threat Hunting and Investigation – By shifting from logs to context-aware events and objects, OCSF enables multi-stage attack analysis and context-rich threat hunting.

•Accelerating AI and Gen-AI in Security – Standardized data schema accelerates the development of AI-driven security solutions.

 New era in cybersecurity analytics

Hunters is thrilled to launch their revolutionary OCSF-native search functionality, designed specifically for SOC analysts and threat hunters. This innovative technology addresses the complexities of “query engineering” by leveraging a universal data schema—OCSF—to streamline the search process across diverse data formats and environments. The new search capabilities not only reduces the frustration and errors associated with traditional query syntax but also enhances both general and specialized investigation capabilities, transforming how security teams interact with data and significantly accelerating their operations.

OCSF-Native Search is Revolutionizing Search in the following ways:

•Event and Object Based Searching: A New Search Paradigm – Hunters SOC platform introduces event and object-based searching, eliminating the complexities of source-specific log formats, by enabling analysts to search cybersecurity events and objects without the need for field normalization or navigating diverse log formats.

•Democratizing Data Analysis: Equipping Analysts of All Levels for Success – OCSF-native search simplifies the search experience, eliminating the need for SQL proficiency or specialized knowledge in tools like Kibana or KQL. With an intuitive interface tailored to the OCSF model, analysts of all experience levels can quickly become proficient, bypassing traditional complexities and lengthy training sessions.

•Entity Investigation Curated Workflows: Investigations with a Single Click – With this new capability analysts can pivot directly from Hunters alerts to Search with a single click, automatically populating and executing queries for deep context. This eliminates the need for manual query building, facilitating a seamless investigative workflow that allows analysts to efficiently explore and analyze security incidents.

•Timeline Experience: Enhanced Chronological Insight for Security Analysis – A new timeline-based approach to search enables analysts to explore the chronological progression of security events. This feature provides insights into patterns, anomalies, and potential threats, enhancing the investigative workflow. Analysts can identify correlations, track threat evolution, and streamline investigations efficiently.

“Our new search functionality is a game-changer for both experienced and novice security practitioners,” says Yuval Itzchakov, CTO at Hunters. “It elevates SOC operations by providing Tier 1 analysts with the clarity needed for higher-level analysis and democratizes security insights, making advanced investigations accessible to more team members.”

Contributing to the community

In conjunction with this new product release, Hunters is also proud to contribute to the cybersecurity community by sharing one hundred mappings of security logs to the OCSF schema. This contribution is part of their commitment to fostering an open and collaborative environment where knowledge sharing accelerates innovation and strengthens security postures across the industry.

The full adoption of OCSF and the launch of our OCSF-native search functionality mark significant milestones in Hunters’ ongoing mission to innovate and automate cybersecurity analytics and operations. By embracing open standards and providing powerful, intuitive search capabilities, they are not only advancing our platform but also contributing to a more interconnected, efficient, and effective cybersecurity ecosystem.

To learn more, users can visit us at RSAC Booth #4317, Moscone North, or contact us on www.hunters.security

Media contact: Ada Filipek Hunters ada.filipek@hunters.ai

Tel Aviv, Israel, May 2, 2024, CyberNewsWire — LayerX, pioneer of the LayerX Browser Security platform, today announced $24 million in Series A funding led by Glilot+, the early-growth fund of Glilot Capital Partners, with participation from Dell Technologies Capital and other investors. Lior Litwak, Managing Partner at Glilot Capital and Head of Glilot+, and Yair Snir, Managing Partner at Dell Technologies Capital, will join the LayerX board.

The new capital will be used for corporate growth across talent and increasing global market presence. This round brings the company’s total investment to $32 million.

Early adoption by Fortune 100 companies worldwide, LayerX already secures more users than any other browser security solution and enables unmatched security, performance and experience

Today’s modern enterprise employees rely heavily on browser-based services and SaaS applications. Yet, these fundamental work activities expose organizations to a wide range of security risks, like data leaks, identity and password theft, malicious browser extensions, phishing sites and more. LayerX was purpose-built to secure and govern browser-based work, from both managed and unmanaged devices.

“We’ve transformed workforce protection for organizations without requiring the transition to a dedicated secure browser. Unlike other solutions, installed in a matter of minutes, the LayerX Browser Extension does not impact employee efficiency, speed, privacy or the browsing experience, ” said Or Eshed, co-founder and CEO, LayerX.

“As the browser becomes more central to the employee, we anticipate it becomes more attractive to the attacker, particularly in the wake of GenAI tools used in browser-related activities,” he continues. “Today’s funding round is a testament to our increasing market opportunity and the innovation behind our platform’s user-friendly approach to a more secure browser experience.”

LayerX’s Enterprise Browser Extension is compatible with all commonly used browsers, including Chrome, Firefox, Edge and others, without requiring agents, a VPN or network modifications. Once deployed, the information security or IT team gains visibility into user activities and can block or restrict any threat in real-time, without impacting the user experience.

LayerX protects against all threats, whether they were inadvertently or maliciously caused by the employee, or whether they were originated by the attacker. The solution includes an AI engine that granularly monitors the code run by the browser and automatically generates a variety of insights related to user behavior in the browser.

“Since inception, LayerX showed super fast growth and adoption by the world’s leading enterprises. The company is at the forefront of defense for modern organizations. By protecting the browser, the central productivity application in organizations, from a wide range of new-generation security risks, LayerX can solve acute security problems that have remained unanswered until now,” said Kobi Samboursky, Founding and Managing Partner at Glilot Capital “We believe that this novel solution for securing browsers will replace most SASE and SSE solutions prevalent today in organizations. At an estimated market size of $7 billion, the potential inherent in LayerX’s technology is tremendous.”

“Similar to other successful entrepreneurs in the cybersecurity field we’ve collaborated with, Or and David bring significant experience and knowledge in understanding the technical issues involved in threats to organizations and the motivations of attackers. Consequently, they recognize that effective security measures should adapt to real-world user behaviors, rather than the other way around,” said Yair Snir, Managing Director at Dell Technologies Capital. “In a world where most computer operations are conducted through browsers, LayerX introduces a creative approach to corporate security that is user-friendly, robust, and easily implementable in large organizations. This approach transforms the browser from a major vulnerability to a strength, facilitating secure work across devices. Our investment in LayerX isn’t just driven by the promising opportunity but also by the potential impact of the company’s solution on organizations, regardless of where employees conduct their tasks.”

About LayerX: LayerX was founded in 2022 by Or Eshed, CEO, and David Weisbrot, CTO, who developed web attack and defense systems during their military service. In 2017, Eshed led the exposure of the largest attack campaign in history on the Chrome browser, which involved tens of millions of compromised browsers and even led to the capture and trial of the hackers. LayerX has Fortune 100 clients worldwide.

LayerX Enterprise Browser Extension natively integrates with any browser, turning it into the most secure and manageable workspace, with no impact on the user experience. Enterprises use LayerX to secure their devices, identities, data, and SaaS apps from web-borne threats and browsing risks that endpoint and network solutions can’t protect against. Those include data leakage over the web, SaaS apps and GenAI Tools, malicious browser extensions, phishing, account takeovers, shadow SaaS, and more.

Media contact: Dori Harpaz, LayerX, dori@layerxsecurity.com

Tel Aviv, Israel – April 30, 2024 – Cybersixgill, the global cyber threat intelligence data provider, broke new ground today by introducing its Third-Party Intelligence module.

The new module delivers vendor-specific cybersecurity and threat intelligence to organizations’ security teams, enabling them to continuously monitor and detect risks to their environment arising from third-party suppliers and take preemptive action before an attack executes.

The Third-Party Intelligence module combines vendor-specific cyber threat intelligence (CTI) with cybersecurity posture data from suppliers’ tech environments, exposing a critical blind spot for security teams. With this intelligence, threat analysts and security operations teams can identify threats from the supply chain and expand their threat exposure management efforts.

Research shows that in 2023, there were 245,000 software supply chain attacks, costing organizations $46 billion. That amount will likely rise to $60 billion in 2025. Additionally, nearly two-thirds (61%) of U.S. businesses were directly impacted by a software supply chain attack in the 12-month period ending in April 2023, while 66% of companies say they do not trust their third parties to notify them of a major breach.

“Cybersixgill’s new Third-Party Intelligence is a significant advancement in delivering actionable threat intelligence insights to security teams and CISOs to help them strengthen and protect the organization’s risk posture,” said Chris Steffen, Vice President of Research, Security, and Risk Management for Enterprise Management Associates (EMA). “Threat intelligence that shines a broad, bright light on threats from within a company’s third-party network has been a glaring missing piece in organizations’ cybersecurity programs. I applaud their efforts to bring this much-needed solution to market.”

“Security teams can take every precaution to protect their organization’s environment. But if they lack intelligence about the risks facing their third-party supply chain and the impact on their security posture, the consequences can be costly to the company’s brand and bottom line,” said Gabi Reish, Chief Product Officer for Cybersixgill. “With the rising cost of supply chain attacks, our new Third-Party Intelligence module gives security operations and threat analysts critical insights to protect their organization and its network of suppliers and partners.”

For more information, including a video walk-through of Cybersixgill’s new Third-Party Intelligence, visit https://cybersixgill.com/products/cyber-threat-intelligence/third-party-intelligence.

About Cybersixgill: Cybersixgill continuously collects and exposes the earliest indications of risk by threat actors moments after they surface on the clear, deep, and dark web. The company’s vast intelligence data lake, derived from millions of underground sources, is processed, correlated, and enriched using automation and advanced AI. Cybersixgill captures, processes, and alerts teams to emerging threats, TTPs, IOCs, and their exposure to risk based on each organization’s complete attack surface and internal context. Its expert intelligence and insights, available through a range of seamlessly integrated options, enable customers to pre-empt threats before they materialize into attacks. The company serves and partners with global enterprises, financial institutions, MSSPs, and government and law enforcement agencies. For more information, visit https://www.cybersixgill.com/ and follow us on Twitter and LinkedIn. To schedule a demo, please visit https://cybersixgill.com/book-a-demo.  

San Francisco and Tokyo, Apr. 11, 2024 – At Upgrade 2024, NTT Corporation (NTT) and NTT DATA announced the successful demonstration of All-Photonics Network (APN)-driven hyper low-latency connections between data centers in the United States and United Kingdom.

In the U.K., NTT connected data centers north and east of London via NTT’s Innovative Optical Wireless Network (IOWN) APN, and communication between them was realized with a round-trip delay of less than 1 millisecond. In the U.S., data centers in Northern Virginia achieved similar results. The goal of this initiative is to transform geographically distributed IT infrastructure into the functional equivalent of a single data center.

The data center market is under severe local constraints. Carbon dioxide emission restrictions and land shortages have made it difficult to build data centers in urban areas, forcing operators to turn to the suburbs. Yet with geographically distant data centers, delay of communication, or latency, can be very high, making it difficult to meet customers’ needs for low latency. In separate demonstrations, NTT and NTT DATA connected data centers in the U.K. (HH2 in Hemel Hempstead and LON1 in Dagenham) and in the U.S. (VA1 and VA3 in Ashburn) using APN equipment from NEC.

These U.K. and U.S. data centers are 89km and 4km apart, respectively. (See Figure 1.) Measurements in tests conducted over 100 Gbps and 400 Gbps links showed the two APN-connected data centers in the U.K. operated with less than 1 millisecond (approximately 0.9 milliseconds) of latency, and with a delay variation (sometimes called jitter) of less than 0.1 microseconds. (See Figure 2 and Table 1.)

According to cloud connectivity provider Megaport, typical delay between data centers at an equivalent distance exceeds 2,000 microseconds (2 milliseconds). In the U.S. case, delay over the much shorter span was approximately 0.06 milliseconds; and delay variation was less than 0.05 microseconds. By contrast, conventional networks with general Layer 2 switches experience delay variation of several microseconds to tens of microseconds. In other words, the APN cuts latency in half, and jitter by orders of magnitude.

The APN delivered very low latency required by current and emerging use cases. These include distributed, real-time AI analysis, such as industrial IoT and predictive maintenance, smart surveillance systems, smart grid and energy management, natural disaster detection and response and more.

NTT DATA is also conducting demonstrations in the financial sector, where low latency is required for remittances, settlements and transactions. Another advantage of the IOWN APN is that it enables line activation simply by adding wavelengths, without needing to install new dark fiber. As a result, data center operators can respond very quickly to customer demand.

About NTT: NTT contributes to a sustainable society through the power of innovation. We are a leading global technology company providing services to consumers and businesses as a mobile operator, infrastructure, networks, applications, and consulting provider. Our offerings include digital business consulting, managed application services, workplace and cloud solutions, data center and edge computing, all supported by our deep global industry expertise. We are over $97B in revenue and 330,000 employees, with $3.6B in annual R&D investments. Our operations span across 80+ countries and regions, allowing us to serve clients in over 190 of them. We serve over 75% of Fortune Global 100 companies, thousands of other enterprise and government clients and millions of consumers.

Media contact, Nick Gibiser,  Wireside Communications for NTT Corporation, Email: gibiser@wireside.com, Phone: +1-804-500-6660

Mountain View, Calif. – April 11, 2024 – Simbian today emerged from stealth mode with oversubscribed $10M seed funding to deliver on fully autonomous security.

As a first step towards that goal, the company is introducing the industry’s first GenAI-powered security co-pilot that integrates secure and intelligent AI solutions into diverse IT environments to maximize coverage and expedite resolutions to security teams’ ever-changing needs.

The co-pilot continuously observes user actions and environments, and learns to autonomously perform increasingly sophisticated tasks on its own with time. Simbian is committed to making security fully autonomous by delegating all tactical tasks to its trusted AI platform, allowing users to focus on strategic security goals.

Simbian, the name derived from the symbiotic relationship between humans and AI, has received initial investment from security and AI-focused investors Cota Capital, Icon Ventures, Firebolt and Rain Capital. Its founding team comprises leading AI researchers and security veterans who have created security products in broad use across enterprises today, and have 150+ patents across large language models, cloud computing, encryption, scalable architecture, transistors, and hardware design.

“Traditional approaches to security automation no longer suffice in today’s dynamic environments,” said Cota Capital Partner Aditya Singh. “Talent is getting scarce, and at the same time threat vectors are getting more complex. A fully autonomous security platform presents a big opportunity in the global cybersecurity market which, according to a cybersecurity market report, is to grow to $298.5 billion by 2028. Simbian is a leader in the field, using a deep understanding of the nuance and context of security automation that learns with AI and gets smarter and deeper over time.?

Simbian’s founding team has a uniquely proven background, having built NVIDIA GPUs, confidential computing, and leading cloud security solutions. We are thrilled to join Simbian in the journey to fully autonomous security.”

In addition, 15 of today’s most successful business leaders back the company, including Olivier Pomel, Co-founder and CEO at Datadog; Pankaj Patel, Co-founder and CEO at Nile; Diogo Monica, Co-founder and CEO at Anchorage Digital; Joe Sullivan, former CSO at Facebook, Uber and CloudFlare; Bharat Shah, former CVP of Microsoft Security; Suresh Batchu, Co-founder and COO at Seraphic; Paul Albright, Operating Partner at Goldman Sachs; Pierre Lamond, legendary Silicon Valley investor; and Gokul Rajaram, board member at Coinbase and Pinterest.

Simbian’s GenAI-powered platform is the industry’s first security co-pilot that adapts to diverse IT environments and covers the entire gamut of security functions. Most businesses have a mix of software from multiple vendors and in-house software. Each business and each member of a security team have unique, ever-changing security needs.

Simbian helps every member of the security team from the CISO to the frontline practitioner solve their unique security needs in real-time. Users provide their goal in natural language, and Simbian’s patent-pending LLM-powered platform provides personalized recommendations and generates automated actions across heterogeneous environments – delivering better security outcomes, higher agility to evolving business needs and threats, and lower costs.

“Security is a domain of ever-increasing complexity,” said Sergey Gorbunov, Co-founder at Axelar. “Every day security incidents bring new variables. Simbian is taking a big step forward towards the mission of a fully autonomous security platform. We are excited to partner with them as it allows us to be strategic in our security goals, leaving the mechanics of security to Simbian.”

While security vendors are increasingly using GenAI, off-the-shelf GenAI models come with many security risks, including hallucinations, prompt injection risks, and exposure of PII and confidential data. Simbian minimizes these risks by leveraging a patent-pending hardened LLM system called TrustedLLM™ that utilizes multiple layers of security controls between the user and the GenAI models it uses under the hood.

“AI-driven security solutions can greatly improve threat detection, speeding remediation, and reducing complexity,” said Dave Gruber, Principal Analyst at Enterprise Strategy Group. “Simbian is bringing this vision to a reality, as they leverage AI to automate many of the more challenging, frequent security tasks performed by all levels of security analysts throughout their day.”

Simbian’s Co-founder and CEO Ambuj Kumar was most recently the Co-founder and CEO at Fortanix, a successful data security company, where he raised $135M+ and established the Confidential Computing security category. Mr. Kumar previously served as Lead Designer of NVIDIA GPUs and as Chief Architect at Cryptography Research Inc. Simbian’s Co-founder and CTO Alankrit Chona has extensive background in high scale platforms and data engineering from Twitter, and was a founding member of successful startups Afterpay and Spotnana.

Kumar

“Security teams cannot keep up with the operational tasks they must do each day, despite years of investment in in-house automation and tools to make them more effective – which is why we founded Simbian,” said Ambuj Kumar, Simbian Co-Founder and CEO. “Early feedback and traction in the industry have been extremely positive, and we are excited to launch the company today.

A first in the industry, Simbian puts the security operator firmly in charge of security decisions, and we enable the user to interact with products across vendors to get things done. We stand unique in the industry with our ability to generate commands in code using LLM and based on a natural language user interface, and we enable users to craft permutations of the actions we support, all on the fly.”

About Simbian: Using GenAI, Simbian is the industry’s first company to integrate secure and intelligent AI solutions into business operations across diverse IT environments to maximize security coverage and speed resolutions to security teams’ most pressing ever-changing needs. Simbian, with its hardened TrustedLLM™ system, is the first to accelerate security by empowering every member of a security team, from the C-Suite to frontline practitioners, to craft tailored insights and workflows for their unique security needs – ranging from complex investigation and response to governance and reporting. The company is venture backed and headquartered in Mountain View, Calif. For more information, visit www.simbian.ai, or follow Simbian on https://www.linkedin.com/company/simbian/ and https://twitter.com/simbianai.

Media contact: Liz Youngs, Spalding Communications, 843-412-6327, liz@spaldingcomm.com

San Francisco, Calif., Mar. 7, 2024 — Badge Inc., the award-winning privacy company enabling Identity without Secrets™, today launched a new Partner Program and welcomed Identity Data Management and Analytics provider Radiant Logic as its newest partner.

Radiant Logic joins Badge’s partner network alongside marquee identity partners, Okta and Ping Identity. The new Badge Partner Program further accelerates the adoption and integration of Badge’s privacy-preserving authentication, enabling even more users to benefit from seamless MFA experiences across any device or application without storing user secrets or private keys.

“We are thrilled to be working with Badge, enabling a best-in-class authentication solution that builds on top of our market-leading identity data management and identity analytics capabilities to provide greater privacy and security to our customers,” said Wade Ellery, Field CTO, Radiant Logic.

The integration of Badge brings downstream value to Radiant Logic customers, allowing employees to enroll once and log into any application via RadiantOne using their preferred biometrics and factors of choice for a safe and holistic user experience across any device. By eliminating passwords and stored secrets, Badge bolsters Radiant Logic’s extensible identity data platform to accelerate strategic initiatives such as digital transformation, Zero Trust, automated compliance, and data-driven governance.

Zero Code Integration, SCIM Support, Resource Portal

The Badge Partner Program extends best-in-class security platforms such as Radiant Logic, Okta and Ping Identity with unprecedented MFA experiences.

Benefits of joining the Badge Partner Program include:

•Prioritized access to new features and capabilities leveraging Badge’s unique differentiator, enabling every user to be their own cryptographic root of trust.

•Zero-code integration using standard protocols, including OAuth 2.0, OIDC, SAML, FIDO, TLS, Kerberos, and others, offering effortless compatibility and enhanced functionality across a variety of systems and platforms.

•SCIM (System for Cross-Domain Identity Management) support quickly syncs users from an organization’s primary directory, eliminating the need to manually create users and automatically ensuring the right users always have access to Badge.

•Dedicated partner portal with relevant marketing materials to help streamline collaboration and empower partners in promoting Badge’s solutions effectively.

•Library of technical documentation support to configure Badge in various customer environments, including Windows desktop login, web application single-sign-on, passkeys, legacy applications, etc.

•Video demos and solution briefs illustrate end-user onboarding and authentication experiences for common use cases, such as uninterrupted device transitions for frontline workers, phishing-resistant account recovery, integration for removing private keys from workflows, etc.

Herder

“As organizations continue to realize the importance of privacy-preserving, secure, and user-friendly authentication solutions, our Partner Program is a response to new alliances and integrations with key players across the security ecosystem, moving Badge closer to our vision of becoming the identity backplane of the Internet,” said Charles Herder, Badge Co-founder and MIT Cryptography Ph.D. “By fostering collaborations with industry leaders like Radiant Logic, Okta and Ping Identity, who have some of the largest footprints in the industry, we’re building a world where trust and privacy improve user experience and drive business value instead of being in tension with each other. This sets the stage for a more connected and secure online future for everyone.”

Badge renders PII and biometric credential storage obsolete, eliminating passwords, device redirects, and knowledge-based authentication (KBA). With Badge, the user simply enrolls once, then seamlessly authenticates across ecosystems on any device using authentication factors that are unique and inherent to them. Biometric factors such as fingerprint or face can be combined with other factors to create a strong and convenient MFA method that does not rely on a specific device or token to authenticate users. Badge empowers users to move freely across devices and platforms without losing access to their accounts or compromising security.

For more information on Badge’s Partner Program including how to join, please contact sales@badgeinc.com for more information or to schedule a demo.

About Badge: Badge enables privacy-preserving authentication to every application, on any device, without storing user secrets or PII. Badge’s patented technology allows users to derive private keys on the fly using their biometrics and factors of choice without the need for hardware tokens or secrets. Badge was founded by field-tested cryptography PhDs from MIT and is venture-backed by tier 1 investors. Customers and partners include top Fortune companies across healthcare, banking, retail, and services. Learn more at www.badgeinc.com.

Media contact: Frances Bigley, badge@finnpartners.com

SINGAPORE – Feb. 29, 2024.  In the modern age, large companies are wrestling to leverage their customers’ data to provide ever-better AI-enhanced experiences.

But a key barrier to leveraging this opportunity is mounting public concern around data privacy, as ever-greater data processing poses risks of data leaks by hackers and malicious insiders.

Silence Laboratories is on a mission to create infrastructure to enable complex data collaborations between enterprises and entities, without any sensitive information being exposed to the other engaging parties. Silence Laboratories today announces it has raised an additional $4.1 million funding round led by Pi Ventures and Kira Studio, along with several prominent angel investors.

Leveraging modern cryptography, the company already has one of the fastest distributed signature (authorization) libraries in production (Silent Shard), which has been audited by some of the best security auditing companies like Trail of Bits. These libraries have led to the establishment of strong partnerships with leading digital asset infrastructure and protocol companies like BitGo, MetaMask, EigenLayer, Biconomy, and EasyCrypto.

Products on offer by the company include Silent Shard which allows enterprises and users to limit the risk of exposing sensitive private keys and allows advanced authorisation rules to be put in place. Additionally, the newly launched Silent Compute product allows different organisations to collaborate on processing information without needing to expose their secrets and data to third parties and enrich insights while maintaining compliance and trust. Both the products uses multi-party computation (MPC) as its core cryptographic primitives.

Commenting on the announcement, Silence Laboratories CEO and founder Dr. Jay Prakash said: “In today’s digital ecosystem, trust, and privacy are not merely options but imperatives for sustainable growth. With this new injection of funds, Silence Laboratories is poised to redefine privacy by enabling businesses to fully embrace the power of AI while rigorously protecting their most vital asset – customer trust. Our privacy-enhancing technologies assure that collaboration and innovation can flourish in an environment where the confidentiality and integrity of data are uncompromised.”

Prakash

With the market for privacy-enhancing technologies (PETs) growing globally at a compound annual growth rate of 26.6%, there is growing demand for Silence Laboratories offering to provide mathematical guarantees for techno-legal expectations. This would allow companies to work together on processing data, without needing to share data with the other party – allowing more sectors to benefit from new technology, with less risk.

Shubham Sandeep, Managing Director at Pi Ventures, commented: “Secure data collaboration to enable privacy preserving compute is an ever growing problem especially in highly regulated domains such as finance and healthcare. This requires solutions based on zero trust cryptographic guarantees instead of relying on third party data vendors who are prone to security breaches. The MPC infrastructure developed by the world class team at Silence Laboratories is the fastest in the world, easily configurable, application agnostic and provides full control to the user. We are excited to double down on our investment as we have seen the fantastic progress of the company over the last 18 months.”

The funding will be used to scale the company’s tech & business teams and enrich the company’s robust R&D pipeline. Founded in 2021 by Dr. Jay Prakash (CEO), Dr. Andrei Bytes (CTO) and Dr. Tony Quek; the firm has also recently been expanding its global leadership team across cryptography, infrastructure business and engineering.

“The Silence team is an amazing team with deep cryptography expertise and is working on a set of groundbreaking products in privacy and authentication infrastructure and I am really excited to support their journey. Privacy-preserving infrastructure combined with blockchain and fintech rails is going to be huge!” shared Anurag Arjun, from Kira Studio and Ex Co-founder of Polygon.

For further information please contact the Silence Laboratories press office: Bilal Mahmood on b.mahmood@stockwoodstrategy.com or +44 (0) 771 400 7257

About Silence Laboratories: Started in 2021 by Dr. Jay Prakash (CEO) and Dr. Andrei Bytes (CTO), Silence Laboratories is a privacy tech company that enables enterprises to adopt privacy-enhancing technologies through a unique fusion of cryptography and security engineering. Their mission is to enable a global privacy-compliant collaboration infrastructure that would enable enterprises to collaborate, and exchange inferences while removing all single points of failure.

The company has been founded by a strong technical and business team including PhDs and researchers with previous affiliations at the Massachusetts Institute of Technology (MIT), USA; Singapore University of Technology & Design (SUTD) & National University of Singapore (NUS); University of Illinois Urbana-Champaign (UIUC), globally top-ranked Capture The Flag (CTF) teams, and leading tech companies. Learn more about their work: https://silencelaboratories.com

Media contact: Bilal Mahmood, Stockwood Strategy, Mob: +44 (0) 771 400 7257

 

Zurich, Switzerland, Feb. 27, 2024 — Chipmaking has become one of the world’s most critical technologies in the last two decades. The main driver of this explosive growth has been the continuous scaling of silicon technology (widely known as the Moore’s Law).

But these advances in silicon technology are slowing down, as we reach the physical limits of silicon. For this reason, the industry has been investing heavily in nanomaterials like carbon nanotube, graphene and TMDs, which are expected to enable chips with unprecedented functionality. However, making electronic devices with these extremely small materials at speed, with precision, and without compromising on quality has been a long-standing obstacle.

Nanotechnology company Chiral is today announcing a $3.8m funding round to address this challenge head on, innovating the way nanomaterials are integrated into devices. Its expertise in nanotechnology, automation, and high-precision robotics will be pivotal in the industry’s move beyond silicon to the next generation of electronics. The pre-seed funding round was co-led by Founderful (formerly Wingman Ventures) and HCVC and includes grants from ETH Zurich and Venture Kick.

Research has evidenced the use case and impact of nanomaterials across a range of electronics including high-performance transistors, low-power sensors, quantum devices, and many more. However, existing production methods, mostly based on chemistry, are not controllable, which has thus far prevented commercialization of these devices.

Chiral has built high-speed, automated, robotic machines that integrate nanomaterials into devices. These machines can robotically place micrometer-sized (or even nanometer-sized) materials on small chips. Repeating these motions in a fast and automated manner requires a very high level of engineering, which, when done right, ensures the precision and control that conventional chemistry-based methods lack.

The development of Chiral’s technology started as a national research project conducted at the Swiss Federal Institutes of Technology (ETH Zurich, EPFL, and Empa), in which the company’s co-founders, Seoho Jung, Natanael Lanz, and Andre Butzerin participated as PhD students. After 4 years of R&D, the research team finished its first prototype machine, which was 100 times faster than the other systems available at the time. The immediate reaction of the market to the prototype, which quickly led to the company’s first batch of pilot customers, convinced the co-founders that they should continue their activity as a company. They incorporated Chiral in June 2023 as a result.

Jung

Seoho Jung, Co-founder and CEO at Chiral commented: “At Chiral, we are pioneering the next generation of electronic devices across industry. Chipmakers are aware of the potential of nanomaterials and we’re bringing that potential to life. This funding will accelerate the development of our next machine, which will unlock new market opportunities with its versatility and performance. We are also excited to scale our team to keep up with the growing demand and customer base.”

The global nanotechnology market size is projected to grow from $79.14 billion in 2023 to $248.56 billion by 2030, at a CAGR of 17.8% (Fortune business insights research). One of the largest chipmakers in the world, Taiwan Semiconductor Manufacturing Company (TSMC) presented its development roadmap showing nanomaterial-based transistors as its future architecture.

Pascal Mathis, Founding Partner at Founderful, commented: “We’re thrilled to join forces with Chiral alongside HCVC. Chiral’s AI- and robotics-based technology lets us envision a future where nanomaterial-based chips are being produced at the scale needed for commercialization – a major bottleneck up until now. We look forward to supporting Seoho, Natanael and André in their journey to introduce a new paradigm of chips beyond silicon.”

Alexis Houssou, Founding Partner at HCVC, commented: “With the current boom in AI applications, we stand at a pivotal moment where the slowdown of Moore’s law threatens to decelerate the pace of technological progress significantly. The team at Chiral has embarked on a critical mission to pave the way toward a groundbreaking post-silicon era, promising to transcend current limitations and unlock new possibilities for advancement. We couldn’t be more excited to support their mission, in collaboration with Founderful, as they build the future of computing infrastructure.”

Seoho Jung added: “In the future, it will be normal for electronic devices or chips to contain nanomaterials. The development roadmaps of the world’s leading chipmakers like TSMC, Samsung, and Intel all share our vision. We are confident that Chiral technology will empower the industry to make this transition faster.”

About Chiral: Chiral is a nanotechnology company that produces advanced electronic devices with nanomaterials. The core of the company’s technology is its robotic machines that enable the fully automated integration of clean nanomaterials with unprecedented precision and speed. Incorporated in 2023, the company is a spin-off from ETH Zurich and Empa, and is headquartered in Zurich, Switzerland. Learn more about Chiral here: https://www.chiralnano.com/ 

About Founderful: Founderful is Switzerland’s leading pre-seed fund. We give every founder our deepest understanding and highest levels of support, and together, we’re building the future of the Swiss startup ecosystem. For more information, please visit https://www.founderful.com/ or follow via LinkedIn.

About HCVC: HCVC is a venture capital firm that helps founders tackle hard problems with capital, resources and collaboration with $130m in assets under management. With offices in Paris, London and San Francisco, HCVC invests in pre-seed and seed companies that leverage breakthrough technology to digitize, automate and decarbonize the world. For more information, please visit https://www.hcvc.co/

Media contact: Bilal Mahmood, Stockwood Strategy, Mob: +44 (0) 771 400 7257

Brea, Calif. Feb. 27, 2024 — The current large surge in cyber threats has left many organizations grappling for security so ThreatHunter.ai is taking decisive action.

Recognizing the critical juncture at which the digital world stands, ThreatHunter.ai is now offering their cutting-edge cybersecurity services free of charge to all organizations for 30 days, irrespective of their current cybersecurity measures.

James McMurry, Founder of ThreatHunter.ai, reflects on the urgency of the situation, “In the past 48 hours alone, we have stopped hundreds of actual attacks and performed mitigations for our customers. Yet, the frequency and sophistication of these attacks are escalating at an alarming rate. Our mission is clear: to extend our protective reach to every organization in need, ensuring that the digital frontier is safe for all.”

Drawing on recent events and the resilient nature of cyber threats, as highlighted in an insightful piece on the LockBit ransomware saga, it’s evident that the cybersecurity landscape is more volatile than ever. The LockBit group’s audacity in bouncing back after a significant takedown operation underlines the persistent and evolving threat posed by cybercriminals.

ThreatHunter.ai, with its elite team of threat hunters, engineers, and cybersecurity experts, employs the ARGOS platform to provide real-time threat detection and mitigation. Our AI and ML-driven technologies have been pivotal in safeguarding organizations from the ever-evolving tactics of cyber adversaries.

McMurry

“We see the problem getting larger, with cyber threats becoming more sophisticated by the day. Offering our services for free for 30 days is our way of bolstering the defenses of organizations across the globe. It’s a call to action for everyone, and to show that ThreatHunter.ai is much more than all the MDR’s offering automated alerts, we actually will stop threats, and how our team operates as part of our customers cyber team,” McMurry emphasizes.

This initiative is not just about offering a temporary solution; it’s about raising awareness and driving home the point that in the face of rising cyber threats, complacency is not an option.

Organizations interested in taking advantage of ThreatHunter.ai’s complimentary 30 day of services are encouraged to reach out immediately. Together, we can turn the tide against the cyber threats that loom large over our connected world.

About ThreatHunter.ai: ThreatHunter.ai is at the forefront of cybersecurity, specializing in real-time detection, analysis, and mitigation of cyber threats. Powered by the innovative ARGOS platform, our approach combines advanced AI and ML technologies with the expertise of the industry’s most skilled professionals. We are dedicated to defending the digital infrastructure against the complex landscape of cyber threats, ensuring peace of mind for businesses and governments worldwide.

ThreatHunter.ai, a 100% Service-Disabled Veteran Owned Small Business, is a leading provider of AI-driven threat hunting solutions. Its advanced machine learning algorithms and expert analysis help organizations detect, identify, and respond to cyber threats. Its solutions are designed to supplement existing security resources and provide a fresh perspective on how to address today’s complex cyber threats.

Don’t miss the opportunity to safeguard your organization with the unparalleled cybersecurity protection offered by ThreatHunter.ai. Visit our website at www.threathunter.ai to explore our unique approach, learn more about our cutting-edge solutions, and discover how we can empower your business to stay ahead of cyber threats.

To speak with our experts or schedule a personalized demo, reach out to our sales team at sales@threathunter.ai or call 714.515.4011. Take action today and ensure the security and resilience of your digital infrastructure.

Media contact: Lydia Coulter, Marketing and Media Manager, ThreatHunter.ai,
press@threathunter.ai, 7145154011

Rochester, N.Y. Feb. 15, 2024 – Harter Secrest & Emery LLP, a full-service business law firm with offices throughout New York, is pleased to announce that it has been selected as a NetDiligence-authorized Breach Coach®, a designation only extended to law firms that demonstrate competency and sophistication in data breach response.

Through its Breach Coach® designation, NetDiligence recognizes Harter Secrest & Emery as an industry leader and enhances the firm’s reputation as a trusted resource for clients navigating the complex landscape of data incident response. Harter Secrest & Emery is one of only approximately 25 firms in the world to be recognized with this designation, highlighting the firm’s deep experience and steadfast commitment to its clients.

With more than 20 years of experience in cyber, NetDiligence® specializes in cyber risk readiness and response services. NetDiligence-authorized Breach Coach® firms are selected based on their experience, competency, thought leadership, and industry engagement.

Greene

Led by partner F. Paul Greene, CIPP/US, CIPP/E, CIPM, FIP, Harter Secrest & Emery’s Privacy and Data Security practice group helps clients respond to data security incidents of all kinds. The group creates strategies and protocols to help clients identify and mitigate risk, proactively protect their most sensitive information, prepare for a broad array of incidents, and respond effectively and efficiently to incidents when they do occur.

Harter Secrest & Emery’s privacy and data security clients range from Fortune 100 corporations to closely-held businesses in a wide range of industries, including healthcare, financial services, data analytics/big data, retail, education, manufacturers, defense contractors, and employers of all sizes. The firm operates its own 24-hour Cybersecurity Incident and Breach Response Line to assist companies and organizations responding to a cyberattack or data breach. The response line, 1-800-232-3021, connects callers directly with an attorney from the firm’s Privacy and Data Security group for response and remediation support, including in relation to topics pertaining to crisis management and communication, post-breach reporting and notice, potential litigation and regulatory enforcement.

About Harter Secrest & Emery LLP: Harter Secrest & Emery LLP is a full-service business law firm with attorneys throughout New York representing clients ranging from individuals and family-owned businesses to Fortune 100 companies and major regional institutions. With offices in Rochester, Buffalo, Albany, Corning, and New York City, New York, the firm and its attorneys are consistently recognized by the industry’s leading law firm and attorney ranking programs, including Chambers and Partners, Best Law Firms® and The Best Lawyers in America®. www.hselaw.com.

Media contact: Phil Pantano, Pantano & Associates, 716.601.4128 or phil@pantanoPR.com