innogy Innovation Hub Invests in FirstPoint Mobile Guard

NETANYA, Israel & BERLIN–(BUSINESS WIRE)–The innogy Innovation Hub, which identifies, funds, and mentors
game-changing technologies and ideas, today announced that it has closed
a seed investment round in FirstPoint Mobile Guard (FirstPoint), global
innovators in cellular Cybersecurity-as-a-Service. Financial terms were
not disclosed.

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. Organisations can also customise 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 BYODs
(Bring Your Own Device), business travelers requiring protection against
surveillance and eavesdropping and governments and militaries
safeguarding sensitive missions and other activities. As well as mobile
devices, FirstPoint protects Internet of Things (IoT) devices, such as
connected cars, smart utilities and payment terminals, that are
vulnerable to attack.

The funding provided by innogy Innovation Hub will enable FirstPoint to
bring their products to market and expand in selected international
markets and for additional use cases.

“According to the GSMA, there are more than nine billion cellular
connections, including licensed cellular IoT, meaning there is an
ongoing need to protect devices, ensuring that sensitive communications
are not compromised,” said FirstPoint CEO and co-founder Prof. Dror
Fixler, PhD. “Our definitive solution protects enterprise and security
sensitive customers with a comprehensive management platform that
safeguards devices by anonymising identities and misleading attackers.
We developed FirstPoint with an eye toward providing the most
comprehensive cybersecurity as a service available, while making it easy
for both enterprises and employees to deploy, manage and use, without
any user involvement. We update regularly against the latest
network-level threats, ensuring protection 24/7.”

Commenting on the investment, Dr. Christof Kortz, Director Strategic
Cyber Security Venturing at the innogy Innovation Hub, said: “In an
increasingly decentralised 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.”

The innogy Innovation Hub led the investment, joined by prominent
private investors including previous round investors, the Stolero Group,
Gideon Argov and an investment group that participated in Mobileye’s
first funding round.

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.

FirstPoint’s mobile phone security solutions will become available in Q3
2019, in select locations, and will be offered in partnership with
mobile network operators worldwide over the next quarters.

Visit the FirstPoint site for more information about the company: https://www.firstpoint-mg.com.

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.

About innogy Innovation Hub

innogy Innovation Hub believes that new technologies, business models
and consumption patterns will redefine the energy market of the future.
We believe this future will be driven by four core global trends;
decarbonisation, decentralisation, digitisation and democratisation.
innogy Innovation Hub’s mission is to drive this vision for the future
of energy by being a sector disruptor: by identifying the game-changing
technologies, ideas, individuals and businesses that will help build
that future, wherever they are, providing funding, mentoring and a
platform for co-creation, collaboration and convergence.

The innogy Innovation Hub has created a €162m portfolio (as of December
2018) through investing in disruptive individuals, start-ups and early
stage businesses and provided opportunities for nearly 90 start-up and
scale-up companies to collaborate. It is headquartered in Berlin, with
teams across Europe including in London, Warsaw and Essen, as well as
offices in California (Silicon Valley) and Israel (Tel Aviv).

The innogy Innovation Hub is funded by innogy SE, a leading German
energy company, with revenues of around 37 billion euros (2018), around
43,000 employees as well as activities in 16 European countries and in
new markets such as Australia, Canada and the USA. For more information
visit: https://innovationhub.innogy.com

Contacts

Noa Ouziel, Business Development Director
info@firstpoint-mg.com

Media contact innogy Innovation Hub:
Stephen Fishleigh
BackBay
Communications
innogyih@backbaycommunications.com
+44
(0)203 475 7552