Israeli Cronus raises $2.2 million for ‘virtual hacker’
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Photo Credit: Cronus

The cyber company’s new security software can guess the strategy of a typical attacker using a smart algorithm

Cyber firm Cronus announced on Sunday that it raised its second investment round, netting NIS 8.5 million ($2.2 million) from the Janvest Fund and another group of private investors. The company also received financing from Israel’s Office of the Chief Scientist (OCS) in the framework of a biannual cyber program. The product is a virtual hacker that precisely mimics the stream of thought of a human hacker, enabling it to receive and respond to new information at the drop of a hat.

It can automatically quickly scan all of a company’s internal systems, including WEB Portal, SAP, VoIP, cloud, AS-400, cellular, storage, and industrial control systems.

Virtual hacker

The company calls the software solution the CyBot, which displays solutions for various cyber attack scenarios on a number of computer systems in real-time.

Once it confirms a given scenario during an attack, the software automatically alerts all relevant security systems to contain and prevent further breach, simultaneously updating company staff of the attack.

The software can also reportedly address complex scenarios in the realm of Internet of Things devices, according to the company. This means it can check every system connected to a given IP address, including clocks, control systems, cameras, and other items besides computers or servers.

Regarding the latest funding round, Doron Sivan, Co-Founder and CEO of Cronus, said in a statement that, “CyBot provides a solution for any large organization and acts in a decentralized environment, analyzing general attack scenarios. For the first time, management is supplied with a tool that maps out any practical vulnerabilities in real-time that might manifest themselves and not just standard threats.”

“This mapping enables for technical and economic preparation and provides BI security to the organization.”

Eitan Ben-Eliyahu, Chairman of the Board, added that, “The technology has tremendous potential for growth in global markets and as the first software solution of its kind that can scan tens of thousands of system components and terminal equipment and identify thousands of security scenarios in real-time, thus being especially suitable for large, global companies.”

Cronus was established in 2014 by Doron Sivan, who also serves as co-owner of information security company MadSec, and Matan Aguzi, who acts as Cronus’ CTO and is considered one of Israel’s leading hackers. The company employs about 12 people and maintains its offices in Haifa, where they are recruiting software engineers and hackers.

Gedalyah Reback translated the original post from Hebrew. 

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Hila Haimovich

About Hila Haimovich


I'm a blogger who enjoys researching the wonders of the internet and spending many hours in front of the computer, particularly in the search of magnetic gadgets that improve one's quality of life.

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