Sternum raises $6.5M Series A on its IoT security bet – ClearTips
If we have learned anything from mass production of cheap Internet-connected devices, it is that after security. Default passwords are standard and security flaws, which are not patched, leaving the entire fleet of smart devices vulnerable to attack.
But an Israeli security startup is adopting a different way to protect the Internet of things equipment.
Sternum, headquartered in Tel Aviv, offers an embedded integrity verification technology, known as EIV, which verifies that the app has not been maliciously altered in any way. Its technology detects code vulnerabilities to prevent attacks that they do before exploiting them. Its advanced detection system, or ADS, detects real-time threats, allowing companies to respond to attacks in real-time.
This is a novel idea for when there is no other way to secure an unsafe device.
Earlier this year, Sternum was the first to come up with a fix for a new wave of vulnerabilities that hit millions of Internet of Things devices. Dubbed Ripple 20, the vulnerability allows hackers to hijack potentially millions of devices affected.
“Patching vulnerability is an endless game,” Sternum founder and chief executive Natalie Tushuwa told ClearTips.
“Unlike many other solutions, we are not focused on patching every vulnerability on one device. We are fully focused on the stage of exploitation, or the point at which a hacker takes advantage of vulnerability to execute an attack, ”he said.
Tshuva has its roots as a security researcher, where he found many previously undiscovered vulnerabilities in Linux, Android and other embedded systems.
“I realized that there are real technical and market challenges to acquire these devices properly,” she told ClearTips. “I wanted to apply my knowledge in cyberspace, research, product and management to talented R&D teams to create innovative solutions that would really solve the problem, end-to-end.”
This is a condition that is paying off.
The company revealed its $ 6.5 million Series A round, the company announced Tuesday. The round was led by Squire Peg, with participation from Merle Heinrich and European venture firm BTOV.
Philip Schwartz, a partner at Square Peg, said he was round, “He was impressed by Sternum’s innovative products and diverse team, whose technologies will power our connected future with uncompromising security protection and rich, data-driven insights.” “