The Israeli cyber security startup said Sunday it had raised $2.2 million from JANVEST Capital Partners LLC and other investors, in addition to the funding it had already received from the Office of the Chief Scientist as part of a program to promote investment in cyber startups.
The Haifa-based firm was founded in 2014 by CEO Doron Sivan and Matan Azugi, previously the CEO and CTO of Madsec Security, respectively. Ben Eliyahu serves as a representative of the European investors in the company, while JANVEST's managing director and venture partner Sinai Bareket, the former CEO of Intel ‘s sales and marketing division in Israel, represents the Janvest fund on the board.
Cronus has developed the CyBot - a virtual hacker which can mimic the common patterns of a normal hacker, allowing companies to simulate penetration scenarios. The startup’s algorithm automatically identifies potential vulnerabilities and follows up by testing the soft spots, shining a spotlight for the IT department on how to prevent a security breach.