Cloud Computing: CyberFlow Opens Seed Round of Funding with $2 Million Investment and Strategic Alliance with Toshiba

Grazed from PR NewsWire. Author: PR Announcement.

CyberFlow Analytics, Inc., a cyber security company that protects the intellectual property (IP) of enterprises from corporate espionage and Advanced Persistent Threats (APTs), has secured $2 million in funding from Toshiba America Electronic Components, Inc. (TAEC) in a seed round of funding.

This brings initial funding to $2.6 million for CyberFlow Analytics as it develops ground-breaking approaches to cyber security. Its SaaS software increases network intelligence to create an early warning system for cyber attacks to an enterprise network or core data before they disable, destroy or steal data…

Computerworld reported that 90 percent of the respondents surveyed by Ponemon Research said their organizations’ computers had been breached at least once by hackers over a period of 12 months. There was a 700 percent increase of mobile malware in 2012 over the same attacks in the previous year. CyberFlow Analytics represents a paradigm shift for security using analytical and statistical algorithm-based technology. The company’s solutions fill the gap left by traditional perimeter based security solutions with a focus on data analysis, forensics and behavior analysis. CyberFlow Analytics is changing the way hackers and rogue mobile users (BYOD) are identified and how organizations protect themselves against advanced persistent threats.

"This is an important strategic alliance between TAEC and CyberFlow Analytics," said George Bouchaya, vice president and chief technology officer, Institute of Strategic Storage Planning & Investment (ISSPI) for Toshiba America Electronic Components, Inc. "The evolution of big data analytics in the enterprise presents a large market opportunity both for TAEC and companies like CyberFlow Analytics, especially for next-gen security applications on large data flows."

TAEC’s investment will help CyberFlow Analytics commercialize a technology called FlowScape™[1] that connects to SaaS Cyber Intelligence Cloud to protect data vital to an organization’s IP and confidential information.

"A strategic investment from a company such as TAEC shows the magnitude of the problem companies are incurring from APTs," said Dr. Hossein Eslambolchi, chairman and CEO of CyberFlow Analytics and former chief technology officer of AT&T. "Companies face an increasingly hazardous threat landscape, from stealth malware introduced via personal mobile devices, to sophisticated systemic attacks. The alliance between TAEC and CyberFlow Analytics will help to develop software that analyzes large amounts of streaming network data to better protect companies’ intellectual property, and respond swiftly to a dynamic threat landscape."

CyberFlow Analytics is led by Dr. Eslambolchi, a visionary and frequent keynote speaker in the telecom industry who spearheaded a transformational change at AT&T as CTO through his "Concept of One" program. He is also the former president and CEO of AT&T Research Labs and former president and CEO of AT&T Global Operations, including a role as chief transformation officer. Holding more than 1,000 granted and pending patents worldwide, Dr. Eslambolchi is known for his expertise in IP network design and reliability, security, IP technologies, services, IP applications and for setting industry standards to streamline production.

CyberFlow Analytics is headquartered in San Diego, which is quickly becoming a hub for cyber security technology because of the presence of military, government contractors, and universities in the area, as well as easy access to Silicon Valley. The recent investment from TAEC and angel investors is part of a $4 million seed round that CyberFlow expects to complete by November. Following close of the financing round, CyberFlow will be working with early beta customers to test the product; it targets a commercial release of the SaaS solution by mid 2014.