Sternum Overview
Sternum has developed patented technology designed to shift the paradigm on how organizations develop, protect, and manage IoT, IoMT, and IIoT devices. The company’s embedded security solution provides comprehensive protection from new and emerging threats, including zero-day attacks, in order to remove the risk and reduce the cost of ongoing patch management. Operating from within, the same solution also offers real-time analytics, helping engineering teams streamline health monitoring, debugging, and root cause analysis.
Cumulative Funding Raised Over Time ($)
$2.5MJun 2018
$9.0MSep 2020
$36.0MSep 2021
Latest News
Medtronic partners with cybersecurity startup Sternum to protect its pacemakers from hackers - TechCrunch #cybersecurity #cyberattack
growth-positive
IoT cybersecurity platform Sternum raises $27 million Series B
Israeli cybersecurity startup Sternum has completed a $27 million Series B funding round, led by Spark Capital. The company has raised a total of $37 million to date. Sternum has developed an autonomous security system for IoT devices, enabling them to become self-securing and collect data while preventing cyberattacks. The company expects to achieve 300% growth by the end of 2022. The global IoT market is projected to reach over $1.85 billion by 2028. Sternums technology addresses the challenge of securing diverse edge devices with different operating systems and technology stacks. The funding round was successfully completed while Sternums CEO was pregnant.
Investment
growth-positive
Medtronic partners with cybersecurity startup Sternum to protect its pacemakers from hackers
Medtronic, a medical device company, has partnered with Sternum, an IoT cybersecurity startup, to address the issue of pacemakers getting hacked through their internet-based software updating systems. Sternums solution allows medical devices to protect themselves in real time, eliminating the need for frequent updates and patches. The partnership is a growth-positive move for Medtronic as it ensures the security of its devices and strengthens its position in the market. The article discusses the increasing sophistication of hackers and the potential harm caused by device vulnerability. It also mentions Sternums launch of an IoT platform for device protection and its focus on mission-critical areas outside of healthcare. The event described in the article is recent, but the specific date is not provided.
PartnersCustomers
growth-positive
Sternum Raises $6.5M in Series A Funding - FinSMEs
Sternum, an IoT cybersecurity company, has raised $6.5 million in Series A funding. The funding will be used to expand the companys R&D team and strengthen its go-to-market strategy. Sternum provides on-device real-time threat detection and prevention for IoT devices, with a focus on sectors like medical, smart energy & utilities, and industrial IoT. The company has already partnered with public enterprises and a global medical device manufacturer. Following the investment, several individuals will join Sternums Board of Directors.
InvestmentExpand
growth-positive
Sternum Blocks Exploitation of Multiple Critical Ripple20 Vulnerabilities
Sternum, a cybersecurity company, successfully blocked the exploitation of multiple critical Ripple20 vulnerabilities in IoT devices. The companys Embedded Integrity Verification (EIV) technology automatically blocked the exploit attempts and reported them in real-time. The vulnerabilities, discovered by JSOF, affect millions of IoT devices in various sectors. Sternums EIV was able to prevent the exploitation and provide information on the vulnerable code. The company emphasizes the need for on-device security solutions to protect IoT devices in real-time. The blocked vulnerabilities have a high CVE score and if exploited, could lead to remote code execution and control of affected devices. Several companies using Trecks TCP/IP library are confirmed to be vulnerable. Sternum works with clients in different industries and has partnered with Telit to integrate its solutions into Telits IoT modules.
CustomersPartners
| Sector | Cyber Security |
Funding
| Total funding | $36.84M |
| Last funding | $27M |
| Stage | B |
| Rounds | 4 |
| Investors | 10 |
Team Members
6
Employees: 11-50
Web & Social Links
| Website | sternumiot.com |
| Careers | Careers page |
Locations
Elifelet St 26, Tel Aviv-Yafo, Israel
Photos & Videos
2 item(s)
Sternum Business
Business models
B2B, B2G
Product stage
Released
Employees
11-50
Sector
Cyber SecurityNetwork & Infrastructure SecurityTarget Customer
Government & CityMunicipalitiesHealthcare & Life SciencesMedical Devices IndustryMedical ProductsMedical EquipmentIndustrial ManufacturingIndustrial EquipmentMachineryCore Technology
Data StorageCloudCommunicationsIOTPlatforms & InterfacesWebTags (26)
critical-infastructuredigital-healthcarecyber-securitymedical-devicespatent-pendingmedical-device-manufacturersiotdata-protectionclinical-workflowmedical-productssensorssecurityot-cyberenergytechmachinerycomplianceiot-securityinfrastructureransomwareenergymedical-equipmentsmart-homeendpoint-securityindustry-4.0cyber-threat-analysissmart-citySolutions
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Use Cases
Autonomous Solutions for HealthCareGeographic Markets
GlobalSternum Financials
$36.84M
Total funding
Undisclosed
Capital raised
$27M
Last funding
B
Funding stage
4
Total rounds
10
Investors
Cumulative Funding Raised Over Time ($)
$2.5MJun 2018
$9.0MSep 2020
$36.0MSep 2021
Private Equity Funding
B Round
Sep 2021
$27M
Spark Capital (Lead)
,
The Hinrich Foundation, Square Peg, b2venture
A Round
Sep 2020
$6.5M
Square Peg (Lead)
,
b2venture, Kli Capital, Eyal Shavit, Udi Mokady
Seed
Jun 2018
$2.5M
RED Capital Partners, Undisclosed Investor(s), Gabi Barbash, Kli Capital
Non-Equity Funding
GrantEvent
Feb 2019
$835K
Israel Innovation Authority
Sternum Lifecycle
Cumulative Funding Raised Over Time
$2.5MJun 2018
$9.0MSep 2020
$36.0MSep 2021
All Events
B Round
Sep 2021
$27M
Spark Capital (Lead)
,
The Hinrich Foundation, Square Peg, b2venture
A Round
Sep 2020
$6.5M
Square Peg (Lead)
,
b2venture, Kli Capital, Eyal Shavit, Udi Mokady
Seed
Jun 2018
$2.5M
RED Capital Partners, Undisclosed Investor(s), Gabi Barbash, Kli Capital
GrantEvent
Feb 2019
$835K
Israel Innovation Authority
Sternum News
15 articlesMedtronic partners with cybersecurity startup Sternum to protect its pacemakers from hackers - TechCrunch #cybersecurity #cyberattack
growth-positive
IoT cybersecurity platform Sternum raises $27 million Series B
Israeli cybersecurity startup Sternum has completed a $27 million Series B funding round, led by Spark Capital. The company has raised a total of $37 million to date. Sternum has developed an autonomous security system for IoT devices, enabling them to become self-securing and collect data while preventing cyberattacks. The company expects to achieve 300% growth by the end of 2022. The global IoT market is projected to reach over $1.85 billion by 2028. Sternums technology addresses the challenge of securing diverse edge devices with different operating systems and technology stacks. The funding round was successfully completed while Sternums CEO was pregnant.
Investment
growth-positive
Medtronic partners with cybersecurity startup Sternum to protect its pacemakers from hackers
Medtronic, a medical device company, has partnered with Sternum, an IoT cybersecurity startup, to address the issue of pacemakers getting hacked through their internet-based software updating systems. Sternums solution allows medical devices to protect themselves in real time, eliminating the need for frequent updates and patches. The partnership is a growth-positive move for Medtronic as it ensures the security of its devices and strengthens its position in the market. The article discusses the increasing sophistication of hackers and the potential harm caused by device vulnerability. It also mentions Sternums launch of an IoT platform for device protection and its focus on mission-critical areas outside of healthcare. The event described in the article is recent, but the specific date is not provided.
PartnersCustomers
growth-positive
Sternum Raises $6.5M in Series A Funding - FinSMEs
Sternum, an IoT cybersecurity company, has raised $6.5 million in Series A funding. The funding will be used to expand the companys R&D team and strengthen its go-to-market strategy. Sternum provides on-device real-time threat detection and prevention for IoT devices, with a focus on sectors like medical, smart energy & utilities, and industrial IoT. The company has already partnered with public enterprises and a global medical device manufacturer. Following the investment, several individuals will join Sternums Board of Directors.
InvestmentExpand
growth-positive
Sternum Blocks Exploitation of Multiple Critical Ripple20 Vulnerabilities
Sternum, a cybersecurity company, successfully blocked the exploitation of multiple critical Ripple20 vulnerabilities in IoT devices. The companys Embedded Integrity Verification (EIV) technology automatically blocked the exploit attempts and reported them in real-time. The vulnerabilities, discovered by JSOF, affect millions of IoT devices in various sectors. Sternums EIV was able to prevent the exploitation and provide information on the vulnerable code. The company emphasizes the need for on-device security solutions to protect IoT devices in real-time. The blocked vulnerabilities have a high CVE score and if exploited, could lead to remote code execution and control of affected devices. Several companies using Trecks TCP/IP library are confirmed to be vulnerable. Sternum works with clients in different industries and has partnered with Telit to integrate its solutions into Telits IoT modules.
CustomersPartners
growth-positive
Temporary hospitals are rife with cybersecurity vulnerabilities
The COVID-19 pandemic has led to the rapid establishment of remote medical-treatment units, which are vulnerable to cyberattacks due to their lack of proper protection. Hackers could infiltrate these devices to steal personal health information, causing complications for both patients and healthcare providers. Microsoft has expanded the availability of its AccountGuard security service program to help healthcare organizations defend themselves against cyberattacks. The company has also rolled out a series of services to bolster security during the outbreak, including advisories on protection from COVID-19-related phishing attacks.
CustomersPartners
growth-negative
Telehealth: What's at stake from a security standpoint? ZDNet
The article discusses the challenges and risks of rapid adoption of telehealth and telemedicine during the COVID-19 pandemic. Natali Tshuva, CEO of IoT security company Sternum, warns that hackers are likely to target remote monitoring and medical devices, which could be dangerous and even lethal for users. The lack of embedded security in individual devices and remote-care devices makes them vulnerable to cyberattacks. The article emphasizes the importance of safeguarding these devices against breaches, as human lives often depend on them. Any connected medical device, including pacemakers, insulin pumps, and glucose monitors, could be at risk. The rush to implement telemedicine should be accompanied by a rush to cybersecurity, with device manufacturers implementing on-device protection. Consumers are advised to follow instructions from medical professionals and device manufacturers to ensure their safety and security.
Customers
growth-positive
Sternum Named Winner of InfoSec Award for Next Gen Cybersecurity IoT Solution During RSA 2020
Sternum, a multilayered cybersecurity solution for IoT devices, has won the Next Gen Cybersecurity IoT category in Cyber Defense Magazines InfoSec Awards. The award recognizes Sternum as a leader in the IoT cybersecurity industry. Sternums product suite provides real-time embedded protection for IoT devices, ensuring immunity to vulnerability exploitation and visibility into potential future attacks. The company recently announced a partnership with Telit, a global leader in IoT enablement, to integrate Sternums solution into Telits xE910 module family. Sternum aims to offer its solution to manufacturers in various sectors. The article does not mention any specific customers, investors, or acquisition or investment amounts. The event described in the article took place during the RSA 2020 Conference in San Francisco.
Partners
growth-positive
Telit ties up with Sternum to offer real-time embedded cyber visibility and security for IoT devices
Telit has partnered with Sternum to integrate Sternums cybersecurity solution into Telits IoT modules, providing enhanced security services for Telits customers. Sternums solution offers real-time alerts of cyber breaches, prevented attacks, and device malfunctioning, allowing for rapid responses to security incidents. Telit will also offer Sternums Real-time IoT Event Monitoring System (RIEMS) to OEMs, enabling them to identify attacks on individual devices in real time. This partnership is expected to have a positive impact on Telits growth.
PartnersCustomers
growth-positive
Embedded Security for Embedded Systems
Sternum, an Israel-based IoT security provider, is addressing the vulnerabilities and risks associated with IoT devices. The company uses embedded integrity verification (EIV) to analyze the binary code of devices and embed protection within the code. This approach allows for centralized and automated patch management, similar to the iOS device model. Sternums Real-Time Event Monitoring System (RIEMS) monitors the operation of devices and alerts on known vulnerabilities. The platform aims to prevent attacks before they occur and provides advanced monitoring capabilities. Sternums solution is positioned to protect IoT devices from cyber attacks and raise the level of security in the industry.
CustomersPartners
growth-positive
With International Tensions Flaring, Cyber-Risk Is Heating Up for All
The article discusses the ongoing cyberwar and the constant threat of nation-state attacks in the cybersecurity landscape. It highlights the risks faced by businesses and the need for a strong security culture. The article mentions SCADAfence CEO Elad Ben-Meir and SAP NS2 CEO Mark Testoni as experts in the field. It also emphasizes the vulnerability of industrial infrastructure to cyberattacks and the importance of preparedness. The article concludes by stating that cybersecurity should be seen as an opportunity to create value for organizations.
CustomersPartnersInvestmentManagement Changes
growth-positive
IoT Cybersecurity Regulations and Embedded Protection from Sternum (Interview)
The article discusses the importance of cybersecurity for IoT devices, particularly in the healthcare industry. It highlights the gaps in existing regulations and the risks faced by device manufacturers. Sternum, an Israeli startup, is mentioned as a company offering multilayered cybersecurity solutions for embedded IoT protection. The CEO of Sternum, Natali Tshuva, explains the challenges in IoT device security and how Sternums solutions address them. The article emphasizes the need for mandatory standards and regulations for IoT device security. Sternums customers include OEMs in various sectors, and their solutions can be integrated into any IoT device. Sternum differentiates itself by providing on-device, real-time protection and deep visibility into the device. The company initially started in healthcare but has expanded to serve other industries.
CustomersPartners
growth-positive
https://www.sternumiot.com/blog/introducing-eiv
The article discusses Sternum, a full stack platform for device manufacturers that provides embedded security and device observability for IoT devices. The platform aims to boost businesses from design to end-of-life by cutting patching costs, mitigating risks, improving time to market, and using data to inform business decisions. The article highlights the positive impact of Sternums solution on various companies, including Medtronic, Zephyr, NXP Semiconductors, Vibrant, and HARDWARIO. Sternums solution has helped these companies save time, manpower, and money, enhance security features, block attacks, and provide remote analysis of firmware runtime. The article also mentions Sternums features such as runtime protection, threat detection, and continuous monitoring. The date of the event described in the article is not provided.
CustomersPartners
growth-positive
Amkiri wins Globes EY ThePITCH startup competition
Amkiri, the winner of ThePITCH startup competition, has created a new concept called visual perfume. They have developed fragrant ink that can be used to paint perfume on the skin, creating temporary tattoos that can be removed with soap and water. The company received an investment from IFF in May. The finals of the competition featured eight companies, each presenting their innovative solutions in various industries.
Investment
https://blogs.timesofisrael.com/digital-health-and-dual-use-israel-plays-role-of-security-haven/
Sternum Team
Employee Info
| Employees (range) | 11-50 |
| Exact count | 28 |
| Team members | 8 |
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Sternum Internal
Recent Updates
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Admin Info
| Confidence | 100/100 |
| Missing | markets |
| BI Verification | Jenny Sotnik-Talisman |
| Registrar ID | 515846780 |
| Crunchbase | sternum |
| Creator | Yotam Maman |
| Creator email | yotamm1988@gmail.com |
| Last updater | Matan Eblagon |
| Updater email | matane@sncentral.org |
| Last update | 2022-11-27T00:00:00.000Z |
| Created | 2018-10-18T00:00:00.000Z |
| Claimed | Yes |