Israeli Startup Cycuro Announces Funding

Innosphere, Colorado’s technology incubator and General Partner of the Israel – Colorado Innovation Fund (ICI Fund), has announced that the ICI Fund has made its first investment in Israeli-based startup, Cycuro, a company with a cloud-based mobility data validation platform.

Cycuro will become a client company of Innosphere where it will gain access to Innosphere’s business incubation program which supports high-tech companies through critical stages of growth. In addition to business support, Innosphere will help Cycuro establish a strong U.S. presence by connecting them with local talent, capital, and potential customers such as leading car insurance companies and car manufacturers.

Cycuro’s solution is applicable to any mobility service provider (such as rentals, deliveries, ridesharing, fleets, auto insurance, and others). The cloud data validation platform is specifically designed to protect these mobility service providers from risks of malicious, fake, and tampered data.

“Since mobility service operators don’t verify data collected, they run the risk of processing false data. Combine that with the fact that hackers are hard at work creating tools to tamper with mobility data, and it’s clear there is a need for better solutions to thwart cyber threats in the mobility space. We’re excited to be working with the Israel–Colorado Innovation Fund and Innosphere. Their expertise scaling technology companies will help us achieve our next milestones as our company paves the way to a future of reliable and secure data exchange” – Cycuro CEO, Matan Scharf.