Israeli start-up 'imitates the way computer hackers think'

Haifa-based Cronus raises $3.5 million in financing, hopes to expand to US market.

September 5, 2016 14:32
Hacker in a hood

Hacker in a hood. (photo credit: INGIMAGE)

An Israeli start up firm that imitates the way hackers think in order to offer its customers cyber security has raised $3.5 million in financing, Globes reported on Sunday.

Including the current round of financing, the company has raised a total of $6.2 million since its founding.

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The company described its CTO Matan Azugi as one of the world's leading ethical hackers, according to Globes.  Using Azugi's skills and knowledge, the company provides cyber security by using an algorithm which imitates the way a hacker thinks.

Cronus is chaired by former head of the Israeli Air Force, Eitan Ben Eliyahu.

The company's current round of financing, according to Globes, has come from US fund, Janvest Capital Partners, a European investor and a Hong Kong investor. The new funding is expected to allow the Haifa-based company to extend its activities to the US. It is currently active in Germany, Hong Kong and the UK.

The company also provides cyber security services to local firms, including the First National Bank of Israel.

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