Bullguard to Expand Israeli IoT Center with $5 Million Investment
Bullguard acquired Israel-based Dojo-Labs in 2016 and turned it into a research and development center
For daily updates, subscribe to our newsletter by clicking here.Founded in 2002, privately-held Bullguard develops consumer antivirus, firewall and internet protection tools for computers and mobiles. The company has 108 employees according to PitchBook, and reported gross profit of $14.5 million for the fiscal year 2016.
|Dojo-Labs Co-Founder and CEO Yossi Atias (right). Photo: PR||צילום: יח"צ|
The company currently employs 30 people and is looking to hire 30 more, said Mr. Atias. The expansion is intended to strengthen Bullguard's IoT security business, and the new offices are intended to help Bullguard compete for the limited local tech talent.
In view of the demand for a product that is oriented towards private consumers and small businesses, the center develops a dedicated platform for global internet providers, Mr. Atias stated. The platform provides multi-level security, with an artificial intelligence-based security engine and machine learning software, he explained.Launched in February and called Dojo by Bullguard, the platform's hardware connects to the router and performs network management and firewall duties, preventing malware, viruses, and other cyber threats from attacking all connected devices. The platform also connects to an app that enables users to monitor the security status of their networks.