Based on its recent analysis of the market for cyber security for critical infrastructure and financial services, Frost & Sullivan recognizes ThetaRay with the 2014 Global Frost & Sullivan Entrepreneurial Company of the Year Award. ThetaRay’s unique solution analyses multi-domain data and protects any industrial environment, machine, or device by identifying the first signs of unknown cyber or operational threats. Importantly, it does this automatically and in real-time, with very low rates of false positives.
The technology’s uniqueness lies in the disruptive field-proven algorithms that enable it to perform context-free analysis of almost any type of data, without any rules or domain expertise. A significant advantage of a rule-free solution is the elimination of software upgrades.
“Apart from being independent of patterns, signatures or heuristics, the solution takes less than a minute to analyse the data from the moment it arrives to the time an alert is generated,” said Frost & Sullivan Aerospace, Defense and Security Manager Yaki Baranes. “The math-based solution, developed by research groups and validated by multiple organisations worldwide, protect different platforms and technologies such as smart grids, airplanes, turbines, connected cars, and offshore oil & gas platforms.”
Going forward, ThetaRay intends to continue targeting the leading industrial Internet and financial organizations, go to market with strategic partners, target U.S. customers and expand in the European market. Additionally, it is aiming to release the second general availability with additional support for its industrial and financial customers.
“ThetaRay’s cyber solution has the ability to detect attacks from multiple sources on the infrastructure including machine data, industrial Internet, or network traffic,” noted Baranes. “The solution is distinct insofar as it is not restricted by the number of parameters nor quantities of data it can analyse to generate meaningful results.”
“This prestigious Frost & Sullivan award demonstrates the growing market awareness and appreciation of ThetaRay’s game-changing approach, which protects financial and industrial institutions from the most destructive and complex cyber-attacks, both known and unknown,” said Mark Gazit, CEO of ThetaRay.
ThetaRay’s growing customer base, increasing sales, expanding global footprint and financial backing from leading global organisations such as GE highlight the genuine breakthrough and technological capability of the organisation.
