Israel Science Technology

Endpoint virtualization security solutions provider Neocleus has raised $11.4 million in Series B financail funding led by Battery Ventures and Gemini Israel Funds.

Neocleus applies security virtualization solutions to desktops and laptops, which enable critical IT tasks to operate in isolated, trusted virtual environments with complete access to the capabilities offered by the underlying endpoint hardware.

In May 2008 the company launched its Desktop Hypervisor Framework, an endpoint hypervisor enhancement to the Xen server hypervisor that the company will be contributing to the open source community to foster an ecosystem of innovation. In early June Neocleus announced Trusted Edge, the first in a suite of virtual software appliances that allows for secure access to corporate resources regardless of the endpoint’s location or state of security.

“Endpoint challenges have grown exponentially as the number of different user scenarios have increased and evolved, introducing new complexities and new IT requirements,” said Adi Pundak-Mintz, General Partner, Gemini Israel Funds.” Neocleus’ solutions address this burgeoning market with a strong vision, technology innovation, solutions and a proven management team.”

Neocleus was founded in 2006 by Ariel Gorfung (CEO) and Etay Bogner (CTO). Gorfung recently served as the CEO of Intuwave, a provider of connectivity middleware to the Symbian mobile operating system. Prior to joining Intuwave, Gorfung co-founded e-Sponsor, which was acquired by Intuwave in October 2000. Bogner was the co-founder of and managing director of SofaWare, which Check Point Software acquired a majority share. Neocleus headquartered in New Jersey, UA, and its R&D center located in Tel Aviv, Israel.

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