Thursday, January 21, 2016

How Israeli CyberArk became a billion dollar cybersecurity company

Launched in 1999, CyberArk is one of the very first cybersecurity companies. This is the story of how they grew slowly for 15 years then rose steeply on NASDAQ
By Laura Rosbrow-Telem, GeekTime

Two Israelis meet in high school, go to the army, and eventually launch a startup. While many sentences on our site have begun this way, few stories end with that pair of teenagers eventually leading a public cybersecurity company worth $1.42 billion.
But that is what has happened to CyberArk, which went public last year, raised $80 million for its IPO, and has since skyrocketed from opening at $13 a share to a height of $76.35.

Their road to success is atypical of most Israeli startups. Launched in 1999, Co-Founders Udi
Mokady and Alon Cohen aimed to build a large company and resisted getting acquired along the way, pursuing slower, steadier growth instead. They cite Check Point, one of Israel’s most famous and largest security companies, as an early role model.

CyberArk, based in Boston and Israel, is one of the first cybersecurity companies ever. Originally created to protect access to sensitive information against users already within the network (also known as privileged account management), with early customers such as banks and insurance companies, CyberArk eventually expanded its offerings to shield a wider range of companies from outside attacks. Today, they provide automated detection of threats in real-time and ensure that once a hacker has entered a system, their damage won’t spread nor will they be able to gain control.

We had the privilege to speak with CyberArk’s Co-Founder and CEO Udi Mokady about what it’s been like to launch and run a public company, if there were ever moments that he considered selling CyberArk, how CyberArk plans to keep innovating its cybersecurity technology — including its recent acquisitions of CYBERTINEL and Viewfinity — and how he reads CyberArk’s dip in the stock market since their Q3 earnings report on Thursday, which was partially influenced by competitor FireEye’s poor Q3 results.

Monday, January 18, 2016

Brazilian government to invest $4bn in broadband expansion

Projects focused on the development of high-speed Internet access across the country must be completed by December 2016.
By Angelica Mari for Brazil Tech  

The Brazilian government has committed to invest R$15bn ($3.97bn) in the creation and improvement of broadband projects.

The resources will be distributed as tax relief across the 1167 projects submitted by companies as part of a tendering process coordinated by the Ministry of Communications as part of the Special Taxation Regime of the National Broadband Program, a scheme created to stimulate the deployment and expansion of the Brazilian broadband network.

Some 3.699 Brazilian cities will benefit from the projects, but the state of São Paulo attracted R$4.6bn ($1.2bn) of the investment total, followed by the two other states located in the wealthy southeast region of Brazil: Minas Gerais, with R$1.8bn ($477,000) of investments and Rio de Janeiro, with R$965.000 ($256.025).

In terms of specific project areas, about 80 percent of investments will go towards access networks, which connect users to their immediate service provider. The remainder will mostly fund projects related to the equipment and fibers handling the physical transport of signals, commonly referred to as transport networks.

The broadband infrastructure projects approved by the Ministry of Communications have a completion deadline of December 2016.

Ongoing efforts
Earlier this year, the Brazilian government had promised a revamped national broadband plan, with more government investment and the creation of "synergies" between the public and private sectorto deliver improved Internet access services across the country.

Despite the recession Brazil is currently experiencing, large communications projects such as the development of the country's broadband infrastructure and the construction of the country's own satellite have been spared from the budget cuts that have been announced over recent months.
Research suggests that not even half of all Brazilian households have access to broadband, the main obstacle being the cost of high-speed Internet access services.

But providing cheaper and faster broadband services is a priority for Brazilian president Dilma Rousseff, who set that goal as part of her campaign pledges, adding that broadening the fiber optic infrastructure of the country was a cornerstone of that plan.

Earlier this year, the Communications minister Maximiliano Martinhão disclosed government plans to roll out fiber optic technology across at least 90 percent of the country. Meanwhile,Google is backing the construction of a massive submarine fiber optic cable linking Brazil to the United States, while another cable will link Brazil to Africa and a third undersea link will connect the country with Europe.

Monday, January 11, 2016

MIT honors 3 Israelis among its top 35 under 35 scientists

A close look at brain cells, new tools for neurological disorders, and a way to treat a mutation that leads to cancer win plaudits for these young researchers
By David Shamah, The Times of Israel

 Three Israelis are among 35 honored this year by MIT with its annual list of young researchers who have had a huge impact on the world – and are expected to go on to do much more.
The three – Drs. Gilad Evrony, Cigall Kadoch, and Rikky Muller – all satisfy the main criteria of the prestigious Boston-based university, as “people who are driving the next generation of technological breakthroughs.”


MIT’s 35 Innovators Under 35 list has since 1999 selected young innovators whose work, the university believes, has great potential to transform the world. The awards, which cover fields such as biotechnology, materials, computer hardware, energy, transportation, communications and the web, were presented last week at  EmTech, the annual conference of the MIT Technology Review.

Evrony was recognized for his work developing a new way to look at brain cells – analyzing the DNA of single neurons, in order to understand how they mutate, and how the brain grows and develops. The technology has shown that every person’s brain is sprinkled with countless genetic mutations invisible to prior research, “which may help explain some of the many neurologic and psychiatric diseases whose causes are not known,” Evrony told The Times of Israel.

A graduate of MIT, Evrony completed Harvard Medical School’s MD-PhD program where he worked in the laboratory of Christopher Walsh, chief of genetics and genomics at Boston Children’s Hospital. There he developed a way to read the tiny amount of DNA inside single brain cells, which led to a surprising discovery– that every neuron in a person’s brain contains many genetic mutations that occur as the brain develops in the womb and throughout life.
Early during his studies, Evrony managed to take off three years to serve in the IDF’s Intelligence Division, in the Israeli army’s elite communications and technology group whose graduates have made a huge impact on the Israeli start-up scene. “It was there I realized I could do this kind of work, where I was encouraged to think outside the box and learned the power of technology innovation,” Evrony said.

Working with the well-preserved brains of several people who died in accidents– including that of a 17-year-old– Evrony together with collaborators at Harvard performed “deep,” highly sensitive whole-genome sequencing of single neurons that identified so-called somatic mutations (genetic alterations that arise in the body during a person’s life).
“The common perception is that each cell in a person’s body has the same genetic code, but our single-cell sequencing shows that every cell in a person’s body is in fact genetically unique, carrying a unique fingerprint of mutations.”
Each mutation can have an effect on brain activity – or not. “We worked with a cluster of about 300 neurons one at a time, and even with that number we have seen a significant number of mutations,” Evrony said.

This technology promises to reveal how many genetic mutations there are in every cell in our bodies and brains, “a fundamental unknown” that Evrony says is important for “understanding the origins of all genetic diseases. By determining the rate of mutation, we will be able to see how they spread, and what their effects on the brain may be.”
Thus, said Evrony, it might be possible to trace the roots of some neurologic and psychiatric diseases, matching up mutations with causations, and in the future potentially reversing the mutations (with tools like CRISPR, a genetic editor).
By studying the patterns of how cells and mutations spread across the brain, scientists can now learn the relationship between cells, and between mutations and diseases, information that could point them toward solutions to problems like how brain diseases arise.
Using this technology, Evrony and colleagues have already found that mutations spread in interesting patterns in the brain so that every person’s brain is a “patchwork” of mutations. For example, some mutations can spread to only a small part of the brain.
“This means there may be subtle disorders nobody has thought to look for before where instead of the entire brain having a mutation only a small part does, such that only a specific aspect of a person’s intellect is affected,” Evrony added.


Taking on medical technology from another angle, Rikky Muller and her colleagues are focused on developing innovative medical devices to study and treat neurological disorders. Under her leadership, Cortera Neurotechnologies, a company she co-founded, is a key contributor to a DARPA program (as part of the Obama BRAIN initiative) aimed at developing neurotechnology as a therapy to treat neuropsychiatric disorders such as major depressive disorder and post traumatic stress disorder.

The World Health Organization estimates that such disorders account for up to 31 percent of the global burden of disease. Additionally, Cortera has developed a catalog of unique and commercially available products for neuroscientific research and discovery.
“I am delighted to receive this award and be included in this global community of innovators advancing technology for human benefit. My work involves developing devices that, among other things, lower surgical complexity and expand the patient population that can be treated for neurological disorders, thus improving and transforming their quality of life,” said Muller.


Meanwhile, while completing her PhD at Stanford, Cigall Kadoch discovered a link between a genome regulator in cells called the BAF protein complex and a rare cancer called synovial sarcoma. She and colleagues later showed that mutations of BAF are involved in at least 20 percent of human cancers, opening the door for research on drugs that target mutated BAFs.
BAF’s job in the cell is to open and close DNA to allow the right genes to be expressed at the right time. When mutated, it can “activate sites that it shouldn’t”—including genes that drive cancer, said Kadoch, who has appointments at Harvard Medical School and the Broad Institute of Harvard and MIT.

She learned this by focusing on one particular subunit of BAF. This piece of the protein has a deformed tail in 100 percent of patients with synovial sarcoma. When Kadoch put the deformed subunit into normal cells, she detected “blazing cancer,” she says. “That little tail is entirely responsible for this cancer.”
The good news is that this is reversible. Addiing enough normal pieces of the subunit to cells in a petri dish, she found, replaced the mutated form, killing the cancerous cells on the spot.
It’s technology to “fix” things that gets Evrony going – and it was part of the reason, he believes, that MIT decided to add his name to the 35 Under 35 list. “I’ve always believed in the power of new technologies to drive innovation in science,” Evrony said, “so it’s wonderful to be recognized by an award dedicated to technology innovation. This award represents the efforts of a wonderful team of scientists and my mentors who worked together to try something bold, hoping to make a lasting impact on medicine.”