The corporate venture capital unit of the Trumpf Group (Ditzingen, Germany) closed minority investments in two cyber security start-ups: US-based CYR3CON as well as Israel-based L7 Defense.
CYR3CON has developed artificial intelligence/machine learning (AI/ML)-based software that mines information from hacker communities to predict exactly which vulnerabilities hackers will attempt to exploit in the future. Customers use a platform provided by CYR3CON to safeguard against incidents such as unauthorized data access and cyberattacks. L7 Defense developed an API (application programming interface) security solution that protects modern API-centric IT architectures from cyber-attacks. “Both investments underpin our strong belief that cyber security is critical for industrial solutions to provide appropriate resilience facing increasing cyberattacks” said Dieter Kraft, Managing Director of Trumpf Venture.
Photo by Markus Spiske on Unsplash