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Israeli Startups NeoLogic and Cyclops Make Small Raises

Cyclops Security

Eran Zilberman Co-Founder and CEO Cyclops Security (LinkedIn)

Cyclops Security, an Israeli cybersecurity startup, raised $6.4 million in Seed funding round led by Merlin Ventures, Insight Partners, Tal Ventures and toDay Ventures. And fellow Israeli startup NeoLogic, which has developed a chip technology for higher computing power, raised $8 million in Seed funding led by Maniv Mobility venture capital fund with lool Ventures and M-Ventures.

Co-founded in 2022 by cybersecurity veterans CEO Eran Zilberman, CTO Elay Gueta and CPO Biran Franco, Cyclops’ technology collects metadata from the cyber security stack, cloud and on-prem. It then normalizes, correlates, and meshes it into one single data model and creates the relevant context that is calculated by our statistical engine. By doing this, the organizations get the ability to work more efficiently, reduce their MTTD and MTTR and focus on their critical risk.

“Today, organizations struggle to find answers to the most complex questions across the tools in their security stack, and get simple answers on business impact,” said Eran Zilberman, Cyclops CEO. “With Cyclops, these days are over. Our main purpose is to empower security teams to proactively defend against cyber threats and prioritize addressing critical vulnerabilities with the necessary contextual data. The platform generates simple and clear responses just like Google Search or ChatGPT, providing relevant security information to help security teams make better, faster decisions.”

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Founded in 2021, NeoLogic boasts it is powering the next-generation processors by breaking the limits of the CMOS design paradigm that dominated VLSI design since the 1970s. The company says that its patent-pending (Quasi-CMOS) technology cuts down the transistors count of digital cores by up to 3x at any technology node and that their proprietary standard cells result in up to 50% reduction of power dissipation as well as up to 40% area saving thereby delivering up to 3X performance-per-watt superiority at any technology node.

“In the near future, AI accelerators will make up a significant percentage of data center processors,” explained Dr. Avi Messica, co-founder and CEO of NeoLogic. “Current microprocessors rely on 40 years old (CMOS) technology. Chip designers are struggling to meet the current and future computation power and power consumption requirements. NeoLogic’s technology breaks through the limitations of CMOS, reduces the complexity of digital circuits, and offers a dramatic improvement in the price-performance ratio and chip area.”

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