Colorado, April 29, 2019 (GLOBE NEWSWIRE) -- Innosphere, Colorado’s incubator program dedicated to accelerating the success of science and technology-based companies, has announced that Israeli-based cyber security startup company, Terafence Ltd., has been accepted into the program. Each year, Innosphere provides business support to a limited number of international companies. To help these companies achieve business success in the U.S., Innosphere supports the startup teams on commercialization efforts and gaining U.S. market access.
Innosphere has a track record of working closely with international companies on customized support packages. Two examples include working with the Canadian Technology Accelerator that brings high-potential clean technology companies to Colorado for business support, and working with the Israel-Colorado Innovation Fund (ICI Fund) to support Israeli startups seeking to establish operations in the U.S.
Terafence has developed a proprietary cyber security solution with an advanced microchip and firmware, called TFence™, which isolates IoT and NoT (network of IoT) devices while maintaining uninterrupted data flow and control. This type of solution for cyber-secure connectivity and protecting IoT devices has become critical as more cyber threats are being launched through poorly protected IoT assets like edge-based IP cameras.
“Terafence has significantly differentiated technology for cyber protection of IoT and connected devices, a very experienced management team, and great outside investors,” said Mike Freeman, Innosphere CEO. “Increasingly, many IoT devices are being compromised due to their inadequate protection from attacks. Terafence’s solution protects commercial buildings, critical assets, and systems from all types of cyber threats, making this a timely technology addressing cyber security.”
“We’re excited to be working with Innosphere’s experienced team and advisors to make significant improvements in our U.S. market,” said Pini Huber, Terafence vice president of sales.
“As the race for monitoring and surveillance continues, experts predict that more than half of new businesses will deploy edge-based IoT devices by 2020,” said Huber. “Terafence will offer protection with no security-risk tradeoff for countless industries and applications.”
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