Market Research Report

Company Overview

• Name: Sternum

• Mission of the Company: To become a new standard for trusted device protection and help the IoT industry build the bridge to a more connected tomorrow.

• Founded: 2018

• Founder: Ex-officers from the elite 8200 unit of the Israeli Defense Forces

• Key People:

• Jeff Lebowitz, CEO

• Flair Bar, COO

• Adi Israeli, VP R&D

• Matt Caylor, Field CTO

• Headquarters: No information is available

• Number of Employees: No information is available

• Revenue: No information is available

• Known For: Sternum is known for its deterministic security model providing embedded device manufacturers with real-time monitoring, alerting, and threat detection while maintaining zero performance compromises.

Products

• Embedded Security and Observability Platform:

• Embedded Runtime Prevention: Uses Patented EIV™ software technologies to prevent all code and memory manipulation.

• Real-Time Monitoring & Alerting: Centralized platform for data, logs, insights, correlations, notifications, with customizable dashboards.

• AI-Powered Threat Detection: Uses AI insights and device telemetry to inform about emerging threats, malicious behavior, and vulnerabilities.

• Universal Solution: Compatible with over 50+ Platforms, designed to meet every phase of the product lifecycle—building, operating, and innovating with improved security and streamlined compliance.

• Agentless Embedded Linux Security: A robust security solution without relying on agents or connectivity, protecting embedded Linux devices without compromising performance.

• Agentless RTOS Security: Offers purpose-built solutions for RTOS operating environments ensuring optimum security without degrading device performance.

• Active Zero-Day Protection: Blocks known and unknown threats actively at runtime, providing comprehensive security without frequent patching.

• AI-powered Anomaly Detection: Notably reduces ‘time-to-insight,’ enabling operators to preemptively address device-level threats by recognizing atypical behaviors.

• IoT Cybersecurity Compliance: Facilitates meeting regulatory standards, improving security visibility for devices, and assists in navigating compliance demands.

• Early Bug Detection: Helps discover vulnerabilities early in the development cycle, optimizing security and performance.

• Secure and Modernize Legacy Devices: Provides on-device runtime protection with minimal overhead, offering solutions to extend device lifecycles and comply with regulations.

Recent Developments

• Patents: Granted security patents in 2020 for flow integrity, code, and memory protection.

• Funding:

• Raised a $6.5M round in 2020 led by Square Peg and btov Partners.

• Raised a $27M round in 2021 led by Spark Capital.

• New Partnerships: Sternum is working closely with leading device manufacturers to enhance their security structures.

• Product Launches and Features:

• Continuous enhancements in AI-powered threat detection, allowing devices in a fleet-wide scale to report anomalous behaviors.

• Introduction of Embedded Integrity Verification (EIV), offering security solutions directly on IoT endpoint devices.

• Improving supply chain security and extending coverage across all running code, including third-party components.

• Geographical Expansion: Expanded the team in the EU and US with the inclusion of renowned industry experts.

This report encapsulates the operations, products, financial aspects, and advancement details of Sternum, presenting a robust picture of the company within the IoT security industry.