imVision Completes $4M Series a Funding
Ramat Gan, Israel, January 26, 2016 (Newswire.com) - imVision Technologies - an NFV/SDN cyber security vendor, today announced completion of $4M series A funding round with the participation of Chinese CE Ventures, Pitango Venture Capital - one of the largest Venture Capital firms in Israel and other investors.
CE Ventures is backed by clients of CreditEase, a national leader in wealth management, credit management, microfinance investment, and microcredit loan origination and servicing and CE Ventures is its first Israel-focused venture-capital/private-equity fund. For CE Ventures it is the first investment in an Israeli company since the inception of the Fund in Oct 2015.
imVision’s product addresses a major cyber security and operational risks in a fast growing Telco cloud market by securing the telco services (which are considered as mission critical services) running over cloud or hybrid environment. The company intends to use the funding to strengthen the company's Correlative Behavioral Analysis (C-BA) system and to develop the company's business with worldwide networking providers.
The company also announced that Mr. Ron Shvili, CTO of Cellcom Israel - the largest Israeli mobile service provider has joined the company's Advisory board. Mr. Shvili has been an Entrepreneur in the field of Cyber Security since he retired from the Israeli Defense Forces (IDF). Mr. Shvili held various key managerial and technological positions in the IDF and the Israeli Ministry of Defense.
“Telecom Operators face a hugely complex and uncertain migration process as they transition from the “walled garden” of traditional physical infrastructure towards a virtualized Telco cloud environment. New network functions delivered as software, new vendors and open ecosystems all add up to new operational risks and security threats.” said Sharon Mantin, imVision Founder and CEO. “imVision’s NSS solution was designed to support Telecom Operator through this transition path and provide them with an automatic detection and isolation tool to identify and understand anomalies in the new hybrid environment. imVision’s Correlative Behavioral Analysis (C-BA) technology leverages deep expert knowledge of the Telco services, in conjunction with advanced learning mechanisms to maximize detection rates while minimizing false alarms.” added Sharon.
Telco cloud market is projected to surge as virtualized, software-based networking is expected to migrate the traditional infrastructure. Analysts firm Infonetics forecasts carrier SDN and NFV market to reach $11 billion by 2018. imVision was the first company to target cyber security in NFV/SDN environment and developed its Network Service Security (NSS) solution that was already demonstrated anomaly detection in NFV World Congress as part of ETSI PoC #34 “SDN enabled Virtual EPC” together with NFV/SDN vendors HP, Redhat, Mavenir and Altiostar as well as service providers Telenor and Vodafone.
About imVision Technologies
imVision is a cyber security startup company that operates in NFV/SDN environments. The company quickly became a market leader for anomaly detection and isolation solutions. These were based on unique Correlative Behavioral Analysis (C-BA) algorithms that specialize in service awareness across the entire network.
imVision was founded by Sharon Mantin, Yossi Barshishat, and Dr. Eli Plotnik, reputable serial entrepreneurs and industry executives, that bring in-depth knowledge and experience in defining, developing, and deploying technology products to global Tier-1 telecommunication service providers.
Contact information
imVision Technologies Ltd.
Ha-Yetsira St 29 Ramat Gan, Israel
@imvision_tech