Emerging from stealth today, a startup founded by two former members of the Israeli Defense Force's cybersecurity division raised $17 million in funding from investors.
Among those investing in Bionic: Dharmesh Thakker and René Bonvanie of Battery Ventures, Gil Raanan of Cyberstarts, former Symantec president Michael Fey, former Goldman Sachs chief technology officer Don Duet, former Barclays chief information officer Sameer Jain and Passave founder Ariel Maislos.
Bionic’s main product is an automated application intelligence platform designed to reverse engineer an organization’s programs and map out the architecture, dataflows and changes in production. CEO and co-founder Idan Ninyo said the small company – which currently has 20 employees – plans to use the funding to get better, stronger and faster by doubling its 15-person engineering team, adding more automation, development and capabilities to its platform while also expanding market presence.
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