If your business is situated in Asia, Europe, or the United States, you already know that the high-tech industry in Israel is a force to be reckoned with — together, this past year, startups in Israel raised $3.58B, not including the 69 that were sold for $5.41B. In fact, according to a recent report by Geektime and Zirra, Israel leads the way (by far!) in investment dollars per capita. It’s not farfetched then, to claim that the high-tech startups and solutions bred in Israel are outshining their competition overseas, not just in terms of investments, but also in innovation and technology, as well. That said, here are six startups in Israel that China, the US, and Europe better watch out for this upcoming year:
1. SQream Technologies
In 2010, Ami Gal and Kostya Varakin founded SQream Technologies and together developed a fast, compact, cost-effective big data SQL analytics database. Of course, there are tons of data crunching startups all claiming their technology is more advanced and innovative than the others, but SQream outshines their clunky, expensive competitors by far. SQream DB is able to boost analytics performance through massive parallel computing, using its innovative GPU-based technology. Specifically, this software ingests, compresses, and processes data up to 100x faster than the other leading SQL database management systems, inserting and analyzing hundreds of billions of records in just seconds. Ultimately, this speed saves organizations (medical researchers, financial giants, defense companies, telecom corporations…) hours, days, months, and even years of information sequencing. In addition, SQream DB is extremely compact and requires much less hardware; thus, its footprint is smaller and its costs are lower.
2. Nuro Secure Messaging
In 2014, JR Smith, Eran Pfeffer, and Omri Sigelman, founded Nuro Secure Messaging, a secure group messaging platform intended to protect businesses from potential cyber-security threats. It’s like the Fort Knox of social media messengers. Yes, there are a few applications on the market, but Nuro stands out from the crowd — it has four security layers: end to end security; at the user’s device, encryption during transit, encryption at rest, and cognitive security that predicts breaches. It’s this fourth smart, cognitive layer that differentiates Nuro from its competitors; this layer is in fact a Data Leak Prevention solution. In seeing that enterprise security breaches are becoming increasingly common (think Target, Sony, Home Depot…), cyber-security for businesses and especially employees is becoming more and more important. Typically, employees don’t recognize that the seemingly innocent messages they send each other throughout the day is still business’ confidential information and must be secure and protected.
In December, LogDog released its Inbox Detective feature, which scans online email accounts and detects when information like credit card numbers, social security numbers, passwords, bank details, and malicious phishing links appear within the account. It then provides a full report on its findings, urging you to delete the emails containing the sensitive information, and further explaining how to minimize potential security risks. Its algorithms are top notch and able to understand and recognize specific patterns and types of information. Of course, internet security is becoming increasingly more important and seeing that insider threats, or inadvertent misuse of information by employees, is the leading cause of business security breaches, it’s clear that cyber-security must start in our inboxes.
4. Deep Instinct
It was just a few months ago, in November, that Deep Instinct officially launched. Nevertheless, this startup, headed by Dr. Eli David, a leading computational intelligence researcher, is quickly gaining traction as a major player. Why? Because it’s the first company to tackle cyber-security using deep learning algorithms. Today, most security applications are reactionary, meaning they attack threats that are already there. However, Deep Instinct is proactive; it uses Artificial Neural Network (ANN) technology, which mimics biological neural paths in the brain and is typically intended to recognize faces and objects, to recognize and detect malware and malicious code on just about any device in real-time. This is what permits Deep Instinct to detect malware 99% (!) of the time, while other antivirus solutions detect malware just 79% of the time.
5. Argus Cyber Security
In 2013, determined to protect vehicles from car thieves, Argus Cyber Security developed an Intrusion Prevention System (IPS). Today, car thieves are manipulating electronic ignition systems to steal cars; but, as connected cars equipped with Internet capabilities become more common, and eventually become the norm within the next twenty or so years, there will be many more potential security threats that the auto industry will have to acknowledge. It’s not news that most Internet of Things devices aren’t too secure, meaning hackers and thieves could easily tamper with and even override vehicular controls like steering, brakes, and transmission. It’s for this reason that Argus is attempting to install its Intrusion Prevention System, which tracks the messages among the electronic control units and blocks network activity if breaches are detected, into all cars everywhere.