FirstPoint Announces $2.5M in Seed Funding

PRESS RELEASE

Netanya (Israel), March 25, 2019: FirstPoint Mobile Guard (FirstPoint), global innovators in cellular cybersecurity-as-a-service, announced today it has received $2.5M of seed funding led by the Berlin-based innogy Innovation Hub and included the Stolero Group, Gideon Argov, and other private investors. The funding will enable FirstPoint to bring its products to market, to expand in selected international markets and to offer the solution for additional use cases.

FirstPoint’s network-level protection shields all cellular devices against hidden network vulnerabilities that stump security teams: IMSI catchers (fake base stations), malicious SMSs, location trackers, and other tactics that can steal sensitive communications and data.

This military-grade, proven cybersecurity-as-a-service detects, alerts, protects and deceives, without requiring user intervention to install or update anything. It’s easy for organizations to deploy, manage and operate; they can also customize protection by defining and modifying policies per device, which cannot be achieved with other solutions.

FirstPoint’s solutions fill the cybersecurity gap faced by many security-sensitive organisations and individuals, including enterprises and global corporations looking to secure unprotected employee Bring Your Own Devices (BYODs), business travelers requiring protection against surveillance and eavesdropping, and governments and militaries safeguarding sensitive missions and other activities. In addition to mobile devices, FirstPoint protects Internet of Things (IoT) devices, such as connected cars, smart utilities and payment terminals, which are vulnerable to attack.

“We’re very pleased to announce this round of funding, which further validates the great need for a comprehensive cellular protection solution that protects security-sensitive customers,” said FirstPoint CEO and co-founder Prof. Dror Fixler, PhD. “Hackers are everywhere and can be anyone, from a private individual, to governments so the need for cellular protection has become increasingly more critical”

Commenting on the investment, Dr. Christof Kortz, Director Strategic Cyber Security Venturing at the innogy Innovation Hub, said: “In an increasingly decentralized and mobile-enabled energy world, FirstPoint’s SaaS technology secures the reliable operation of a highly interlinked infrastructure with simple deployment. We are excited by the potential for their technology and look forward to supporting Dror and the team as they extend their cybersecurity-as-a-service to any future IoT application.”

FirstPoint covers the full spectrum of targeted and random cellular cyber-attacks, including:

√ Fake cell towers (including IMSI catchers)

√ Cellular man-in-the-middle attacks

√ SS7 & Diameter loopholes

√ Malicious & binary SMS

√ Malware, data leakage and backdoors, bad links

It has identified and blocked IMSI catchers, which trick cellular devices into choosing them as a cell tower. The catcher then gains access into devices, retrieves identities, eavesdrops and can perform an array of other malicious activities that compromise sensitive corporate and personal information. FirstPoint has identified and blocked IMSI catchers in 54% of countries, in an ongoing initiative.

About FirstPoint

Israel-based FirstPoint protects any cellular device against hidden vulnerabilities in the network. Our agent-less, cellular network-based approach to cybersecurity identifies known and unknown attacks 24/7, instantly activating protective measures. FirstPoint solutions are completely transparent to the user/device, with no device installations, updates or slowdowns, protecting any device; e.g., mobile phones, M2M, security sensitive IoT and connected systems). Our team experts comprise cybersecurity and telecom veterans, with decades of experience in interception, communications intelligence and cyber technologies.