Serverless security startup Protego raises $2M in seed funding - Technical.ly Baltimore

Business

May 9, 2018 11:01 am

Serverless security startup Protego raises $2M in seed funding

The company, which has offices in Baltimore and Israel, wants to add a layer of cybersecurity to a rising area of cloud computing.

Protego wants to bring security to serverless environments.

(Photo by Flickr user Yuri Samoilov, used under a Creative Commons license)

Tsion Gonen sees lots to like about serverless computing.

The form of cloud computing offers a model in which businesses pay for resources they use rather than a set amount of space. For developers, it offers a way to write code without getting too involved in the process of scaling applications or managing servers. Amazon Lamda and Google Cloud each have offerings in this area, to name a couple.

Gonen points to more and more case studies appearing at companies such as Capital OneAmtrak  and iRobot.

“Even though it’s such a new technology, because of the value and the agility and the speed, the adoption curve is amazing,” said Gonen, who goes by T.J. and previously oversaw Data Protection at Belcamp-based SafeNet, and held a CSO role after the company’s acquisition by Gemalto in 2014.

However, the new form of technology also presents new types of security challenges, as an attack could be carried out through a different medium. In early 2017, Gonen and a team of cofounders including Hillel Solow, Shali Mor, Itay Harush and Benny Zemmour began working on solutions to address the vulnerability. They developed Protego, an application platform that’s specifically built for serverless.

On Wednesday, the company reported raising $2 million in seed funding from investors led by Gula Tech Adventures, the investment firm of Tenable cofounders Ron and Cyndi Gula, Glilot Capital Partners, and the MetroSITE Group.

Protego CEO TJ Gonen. (Courtesy photo)

Protego CEO TJ Gonen. (Courtesy photo)

The platform, which is distributed to companies through a SaaS model, is designed to be up and running in 20 minutes. Gonen said it provides an automated process that scans infrastructure and limits the potential for an attack. The platform also utilizes deep learning algorithms to model normal behavior of a function, and applies it to detect threats. Gonen describes this second piece as an “alarm system.”

Advertisement

The platform is currently in beta. Gonen declined to name customers, but said serverless has gained momentum with IoT, adtech and media companies.

Gonen, who is based in Baltimore, said the funding will be used to further develop the platform. A team of 10 developers (working in serverless) is based in Israel, while Gonen is building the go-to-market presence for the business in Maryland. He said the company will expand when the product is ready to be marketed widely.

You must appreciate accurate, relevant and productive community journalism.  Support this sort of work from professional reporters with seasoned editors.  Become a Technical.ly member for $12 per month -30-
JOIN THE COMMUNITY, BECOME A MEMBER
Already a member? Sign in here

Advertisement

BurnAlong raises $1.5M, moves to new offices in Pikesville

3 things we learned mapping Baltimore’s startup ecosystem

California-based Broadly.com opens first East Coast office in Baltimore

SPONSORED

Baltimore

At 14 West, only go-getters need apply

Baltimore, MD

SmartLogic

Product Designer

Apply Now
Baltimore, MD 21201

Agora Financial

Jr. Project Manager / Business Analyst

Apply Now
Baltimore, MD

SmartLogic

Developer

Apply Now

Where Baltimore factored into that ’60 Minutes’ feature on Rise of the Rest

Humans of NET/WORK: How 5 job fair goers want to move up in Baltimore

EFynch eyes expansion of home improvement platform to more cities

SPONSORED

Baltimore

Learn to lead digital transformation at Phorum 2019

Baltimore

Mindgrub

Automation Engineer

Apply Now
1629 Thames Street Suite 400 Baltimore, MD 21231

Contrast Security

Software Engineer Java

Apply Now
1629 Thames Street, Suite 400 Baltimore, MD 21231

Contrast Security

Software Engineer Ruby

Apply Now

Sign-up for daily news updates from Technical.ly Baltimore

Do NOT follow this link or you will be banned from the site!