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Cyren Trying to Unload anti-malware tech to Icelandic company, Antidote Health Donates $1 Million for Free Mental Health Services

Antidote Health

Founders of Antidote Health. source- Antidote

Failed Israeli Cybersecurity firm Cyren wants to try and pay off debts by selling off assets. A trustee for the company that was once worth as much as $1 billion is trying to sell its anti-malware technology to the Icelandic company Opin Kerfi hf (“OK”). Meanwhile, Israel’s Antidote Health joined with NBA star Giannis Antetokounmpo in donating $1 million to the “Leave No One Behind” campaign which plans on offering free mental health care telehealth services provided by board-certified physicians to the people of Milwaukee.

Giannis Antetokounmpo’s contribution comes through his Charles Antetokounmpo Family Foundation (CAFF), a global foundation named for his father.

According to the National Alliance on Mental Illness, 1 in 5 adults in the United States experience mental illness each year. However, in Wisconsin alone, 859,000 adults—roughly 3 times the population of Madison—have a mental health condition; for 244,000 of those individuals, the condition is considered serious. Additionally, Wisconsinites are more than four times more likely to be forced out-of-network for mental health care than for primary healthcare, which makes it tough to locate care and incurs higher out-of-pocket costs. Moreover, of the 266,000 Wisconsin adults who did not receive mental health care in the past year but needed it, 37.3% said it was due to cost.

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Under the terms of the “Leave No One Behind” program, eligible Wisconsin residents will receive free mental health care treatment conducted via teleconference with a board-certified physician. No-charge services included in the program are: an evaluation, clinical diagnosis, medication management and follow-up visits—plus up to $30 per month assistance with out-of-pocket drug expenses. Sign-up will remain open until capacity is reached. Antidote Health provides treatment for the seven most common mental health conditions: Major Depressive Disorder (MDD Depression), Generalized Anxiety Disorder (GAD), Panic Disorder (including Panic Attacks), Social Anxiety Disorder, Post Traumatic Stress Disorder (PTSD), Obsessive Compulsive Disorder (OCD), and Insomnia Disorder.

Founded by Israelis, Antidote Health debuted in January 2021 with the goal of providing uninsured and underinsured Americans with a virtual HMO. Artificial Intelligence that links customers to doctors via a smart chatbot and video chats.

“Antidote Health and CAFF are bound by a shared commitment to providing affordable healthcare to all, regardless of race, location, or circumstance,” said Avihai Sodri, co-founder and Chief Executive Officer of Antidote Health. “By leveraging CAFF’s support and providing our leading mental health care to the people of Milwaukee—the city Giannis himself calls home—at no cost through Antidote’s platform, we are getting incrementally closer to realizing that common goal.”

As for Cyren, the company became insolvent just a few weeks ago. Adv. Guy Gissin, a trustee of the firm, submitted the request to sell the ant-malware tech to the District Court in Tel Aviv. OK would acquire all the intellectual property, systems and assets from Cyren required for the anti-malware activity. The amount offered for the tech was not disclosed, however.

Founded in 2021, Cyren boasts that the company protects more than a 1 billion users around the world from sophisticated and emerging email, malware, and web attacks every day. The company says its embedded threat detection, threat intelligence and inbox security solutions help enterprises, service providers, and technology companies prevent breaches and eliminate countless hours of incident response.

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