Firedome Company Profile

Background

Founded in 2018, Firedome is a cybersecurity company specializing in detection and response solutions for networks and Internet of Things (IoT) devices within enterprise environments. The company's mission is to democratize Network Detection and Response (NDR) by extending effective NDR capabilities to enterprises, thereby addressing security gaps in IoT environments. Firedome's flagship product, Firedome Curve™, is a software-only solution designed to prevent advanced attack types, including supply chain and insider threat attacks, which are often challenging for existing security controls to detect.

Key Strategic Focus

Firedome's strategic focus centers on providing comprehensive cybersecurity solutions that integrate seamlessly into existing Security Information and Event Management (SIEM) platforms. By offering a unified security approach, Firedome enables organizations to preemptively stop complex attacks that might otherwise evade detection by current security protocols. The company's solutions are compatible with major IoT operating systems such as Linux, FreeRTOS, Windows, and Android, and operate across various sectors including healthcare, energy, smart buildings, and retail.

Financials and Funding

Since its inception, Firedome has raised a total of $14.5 million in funding. The company's funding history includes a $4.5 million seed round in February 2019 and a $10 million Series A round in October 2019. Notable investors include Silvertech Ventures, Two Sigma Ventures, and World Trade Ventures.

Technological Platform and Innovation

Firedome's technological platform is distinguished by its agent-based Endpoint Protection for IoT devices, which combines prevention, detection, response, and forensic data capabilities into a unified solution. This approach allows for real-time detection and prevention of advanced attack types, including supply chain and insider threat attacks. The solution seamlessly integrates into existing SIEM platforms, providing a comprehensive defense-in-depth strategy along the entire attack chain.

Leadership Team

Moti Shkolnik, Co-Founder & CEO: A world-class cybersecurity expert with a hacker’s mindset, Moti's personal mission to secure enterprise networks underpins everything Firedome does. He brings an unparalleled level of insight, experience, and cyber knowledge that is leading the entire network security industry forward.

Orr Chen, Co-Founder & CTO: A third-time founder with over 12 years of experience in tech startups, Orr knows how to develop, deliver, and productize innovative new technology. As CTO, he manages and motivates a team committed to quality and uncovering new ways to provide value to customers.

Netta Schmeidler, VP Product: With more than 25 years of experience in engineering and product roles, Netta has delivered complex applications and managed global teams. At Firedome, she helps define and build solutions and take them to market.

Guy Goldfarb, VP Engineering: Leading the engineering team with over two decades of expertise in software development and team leadership at companies such as Kayhut, Airspan, and Proxy software, Guy has been at the forefront of communication systems, network security, and embedded development.

Aviv Sinai, VP Security Research: Bringing 8 years of extensive expertise in embedded reversing, pen testing, security assessment, and beyond, Aviv has a noteworthy background at Karamba Security and Matzov Unit.

Competitor Profile

Market Insights and Dynamics

The IoT cybersecurity market is experiencing significant growth, driven by the increasing adoption of connected devices across various industries. As enterprises integrate more IoT devices into their operations, the need for robust security solutions to protect against sophisticated cyber threats has become paramount. This trend underscores the importance of comprehensive detection and response capabilities, such as those offered by Firedome.

Competitor Analysis

Firedome operates in a competitive landscape with several key players:

Armis: Specializes in asset visibility and security for unmanaged and IoT devices. Armis provides real-time and continuous protection by identifying and monitoring devices within enterprise environments.

Axonius: Offers a cybersecurity asset management platform that integrates with existing security and management tools to provide a comprehensive inventory of assets, uncover security gaps, and automate response actions.

Mocana: Provides IoT security solutions focusing on device integrity and data protection, ensuring that connected devices are secure throughout their lifecycle.

Strategic Collaborations and Partnerships

In July 2023, Firedome announced an integration with Microsoft Defender for IoT, utilizing Microsoft Sentinel. This partnership combines Firedome's on-device agent-based real-time detection, prevention, and response capabilities with Microsoft Defender for IoT's network-based events. The integration allows users to create alerts, investigate security incidents, and access unique device-entry-point data for enhanced device and organizational security. It enables customers to identify, block, and remediate devices responsible for initiating cyber attacks within their IoT/OT networks, track threat movements across network segments, and pinpoint devices involved in DDoS and botnet campaigns.

Operational Insights

Firedome's agent-based Endpoint Protection for IoT devices provides a distinct competitive advantage by offering real-time detection and prevention of advanced attack types. The seamless integration into existing SIEM platforms ensures that organizations can enhance their security posture without overhauling their current systems. This approach positions Firedome as a valuable partner for enterprises seeking to secure their IoT environments effectively.

Strategic Opportunities and Future Directions

As the IoT landscape continues to expand, Firedome is well-positioned to capitalize on the growing demand for robust cybersecurity solutions. By focusing on continuous innovation and strategic partnerships, the company aims to extend its market reach and reinforce its commitment to securing enterprise networks against evolving cyber threats.