Market Overview

Polyverse Lands $8m in New Funding to Accelerate Security Push into Government, Enterprise and IoT

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Funding round accelerates growth in new markets for groundbreaking cybersecurity technology provider.

BELLEVUE, Wash. (PRWEB) February 20, 2020

Polyverse Corporation received $8m in new funding to accelerate the adoption of its groundbreaking cybersecurity technology among government agencies and solution providers. The new funding was led by existing investors and Japanese security giant Soliton Systems KK.

"We are pleased to extend our partnership with Polyverse through our investment. Polyverse's security breakthroughs are enabling us to create radically improved products for our customers," said Nobuo Kamata, President of Soliton.

Founded in 2015 by bringing together top engineering talent from Microsoft, Amazon, Google and the academic world, Polyverse develops leading-edge cybersecurity technology – including "Polymorphing for Linux," that protects servers against memory-based exploits by stopping zero-day, code-execution, overflow and memory-based attacks. Polyverse technology is widely deployed by government and security-conscious organizations, and is also embedded in IoT devices and connected hardware such as healthcare devices. CNBC recently named Polyverse one of the world's top 100 start-ups.

Polymorphing hardens open source Linux distributions by scrambling the source code without affecting its operation, functionality or performance. This makes each version of the OS unique and prevents attackers from applying their knowledge of OS weaknesses to a company's systems, rendering their attacks useless.

Polyverse Polymorphed Linux is currently running on millions of servers. Polyverse technology has been validated by the U.S. Department of Defense to mitigate against zero-day memory exploits like WannaCry and Spectre, and the attacks on companies such as Equifax.

"Our mission is to solve the cybersecurity problem once and for all. The only way that will happen is if we take a different approach," said Alex Gounares, CEO, Polyverse. "By building diversity and uniqueness across multiple system dimensions, Polymorphing increases the complexity and cost for attackers and stops attacks before they start."

Expanded Leadership Team Broadens Government and Enterprise Reach

The new funding will be used to accelerate investment in expanding polymorphic technologies and adding new geographies and new capabilities such as polymorphic script engines and polymorphic build farms, for DevSecOps.

The company also added key new members to its team, including:

  • Mark "Zibo" Joseph Zbikowski, a former Microsoft Architect and an early computer hacker. He was the designer of the MS-DOS executable file format, and the headers of that file format start with his initials: the ASCII characters "MZ" (0x4D, 0x5A).
  • Phillip Cockrell, Vice President, Enterprise Sales, former Vice President of Global Alliances at SUSE, the first provider of an Enterprise Linux distribution. Cockrell led strategic sales relationships with SUSE's top partners, including Amazon Web Services, Dell, Fujitsu, HPE, IBM and Microsoft Azure, and led strategy and execution for SUSE's global embedded program and platform-as-a-service solutions.
  • Joanne Harris, Chief Marketing Officer, and former Global Vice President of Marketing at SUSE. Harris held responsibility for marketing strategy and planning across all marketing functions world-wide. Harris previously led EMEA Strategic Alliances and Partner Marketing for Veritas Software.

Polyverse has expanded its employee base by 50% over the past year. The new funding will enable Polyverse to continue expansion in North America and Japan, and enter strategic new markets in 2020, including the UK, and Singapore.

About Polyverse:

Polyverse Corporation is a cybersecurity company that uses its revolutionary Polymorphing technology to defend global enterprises and governments against the most devastating zero-day cyberattacks. Its technology has been validated by the U.S. Department of Defense to mitigate against zero-day memory exploits. Polyverse's turnkey solution installs in minutes and works with existing systems without changing performance or IT processes. Founded in 2015, Polyverse is led by founder and CEO Alex Gounares. In November 2019, CNBC named Polyverse as one of the Top 100 Startups in the World. Visit our website, read our blog, and follow us on Twitter @polyverse_corp. For any questions please contact Joanne Harris on +1 855 765 9837 or jharris@polyverse.com.

For the original version on PRWeb visit: https://www.prweb.com/releases/polyverse_lands_8m_in_new_funding_to_accelerate_security_push_into_government_enterprise_and_iot/prweb16924006.htm

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