Friday, 6 March 2015

PayPal acquires Israeli cyber security startup CyActive

Founded as recently as 2013, and with just $2m raised to date, the deal is purported to have a value of $60m -$80m.
According to Yoav Tzruya, a partner at CyActive investor Jerusalem Venture Partners, CyActive could have helped prevent the infamous Sony attack. It analyses attacks that occurred at other companies to see if slight variants are potentially a threat, and then prevents a future attack getting through. Tzruya also suggested that the Sony attack was a variant of several other attacks, and that CyActive could have stopped it.

This is the first exit for JVP’s one-year-old cyber security lab.

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