Silicom Ventures FUND LLC announced that it has invested in Yoggie
Security Systems, developer of a new network security solution, which
provides protection to mobile computers in a corporate or individual
setting. The company was selected from hundreds of applicant
companies that submitted their requests to Silicom Ventures Fund. The
Fund, along with Silicom Ventures members, co-invested a total of
$750,000 in the past two rounds. The company has completed its
production line and has begun its sales campaign. The funding will be
used for expanding the company's distribution of marketing and sales
channels in the US and Europe.
"We believe that security for mobile devices is an increasingly
important and unsolved problem. Yoggie's highly experienced
management team and the elegant solution presented us with a
compelling investment opportunity," said Eli Sternheim, lead investor
and director of Silicom Ventures FUND.
"Israel has the second largest concentration of high tech startups
after Silicon Valley, and in particular, security related companies
are extremely prominent," said Gadi Behar, managing director of
Silicom Ventures. "Investing in Israeli technology is always an
attractive proposition to Silicom Ventures members, many of whom
emigrated from Israel and have strong family and business ties to the
country. In the past year, we also held an international summit which
brought US and European investors to Israel, and we plan to continue
building connections between the US and Israel."
Yoggie Security Systems, established in 2005 by Shlomo Touboul,
former founder and CEO of Finjan Software, and the inventor of
Behavior Based Blocking Technology, has developed a unique
hardware/software security appliance, the Yoggie Gatekeeper. The
robust, credit-card size Gatekeeper combines best-of-breed security
applications with proprietary technologies, to protect traveling
laptop users from large enterprises, SMBs, and SOHO, as well as
individual consumers, against a variety of malicious code attacks by
simply plugging it into a laptop, home computer or home network.
Yoggie is headquartered in Israel and has several patents pending.