Cyber Security Startup Cronus Raises $3.5M

September 5, 2016 | Israeli cyber security startup Cronus Cyber Technology announced that it raised $3.5 million. According to figures from the IVC database, the company has raised $6.2 million since it was founded, including the current round. CEO Doron Sivan and CTO Matan Azugi founded Cronus in 2014. Cronus’s product uses an algorithm to try to imitate a human hacker’s way of thinking. Former Israeli Air Force chief Eitan Ben Eliyahu is the company’s chairman. Cronus’s financing round included US fund Janvest Capital Partners, a European investor, and a strategic investor from Hong Kong. The company previously received funding from the Ministry of the Economy and Industry Chief Scientist. The company’s headquarters are in Haifa, and it also does business in the UK, Germany and Hong Kong. The money raised is expected to enable Cronus to expand its business to the US.