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Non-Profit Foundation
birdf.com

Investments

104

Portfolio Exits

16

Partners & Customers

2

About BIRD Foundation

The BIRD (Binational Industrial Research and Development) Foundation works to encourage and facilitate cooperation between U.S. and Israeli companies in a wide range of technology sectors and offers funding to selected projects. BIRD has approved over 900 projects over its 37-year history. The BIRD Foundation provides support of up to 50% of a project's budget, or up to $1 million, beginning with R&D and ending with the initial stages of sales and marketing. The Foundation supports projects without receiving any rights from the participating companies or in the project itself. The Foundation shares the risk and requires the investment to be repaid only if the project reaches the sales stage.

Headquarters Location

Kiryat Atidim Building 4, 15th floor

Tel Aviv, 6158001,

Israel

972-3-6988300

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Synthetic Biology

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Latest BIRD Foundation News

Salvador Technologies Wins Funding for $2.2M Cybersecurity Project from BIRD Foundation

Sep 22, 2023

Rehovot, Israel (September 21, 2023) - Salvador Technologies, the innovative provider of the first Instant and Safe Cyber-Attack Recovery Platform for Critical Assets and Operational Technologies (OT), today announced that the company has won funding for a $2.2m cybersecurity project from the Israel-United States Binational Industrial Research and Development (BIRD) Foundation, an organization that provides capital for joint industrial research and development between American and Israeli companies. More Headlines Salvador Technologies has received this funding together with its US-based partner Bastazo, a cybersecurity startup company based in Fayetteville, Arkansas, to jointly develop an AI-driven automated vulnerability management and recovery platform to better protect industrial control systems (ICS) from ransomware and other cybersecurity attacks. The joint solution will combine Bastazo's threat simulation and detection capabilities with Salvador Technologies' rapid recovery framework. Salvador Technologies reports that this joint product development collaboration will expand on the company's rapid cyber-attack recovery solution for ICS and OT networks. The company's patented rapid recovery technology provides three essential layers of defense, ensuring the operational continuity of workstations and servers of critical infrastructures and manufacturing systems. The innovation behind Salvador Technologies' rapid recovery technologies is based on the expertise of the company's two founders, Alex Yevtushenko and Oleg Vusiker, who both served over ten years in the National Cyber Unit and elite Intelligence Corps of the Israel Defense Forces (IDF). "This funding award from the BIRD Foundation is a significant recognition for us and brings together the two revolutionary cybersecurity concepts from our company and Salvador Technologies," said Philip Huff, co-founder of Bastazo. "The product that we are co-developing will help companies better see the weaknesses in their ICS and OT networks that allow ransomware to penetrate into their critical networks and recover rapidly from inevitable attacks." The funding for this grant was awarded by the BIRD Foundation through its BIRD Cyber Program. This program is a joint initiative of the US Department of Homeland Security (DHS) Science and Technology Directorate (S&T), the Israel National Cyber Directorate (INCD) and the BIRD Foundation. "The BIRD Cyber program advances the US-Israeli partnership through cyber innovation and collaboration in order to build more secure and resilient critical infrastructure for the benefit of both countries," said Jaron Lotan, Executive Director of the BIRD Foundation. "As a result of a comprehensive selection process, we are proud to award this grant to Salvador Technologies and Bastazo from this important program." "As we ramp up our penetration into the US market, this grant is an amazing achievement for us and we are very proud to be representing Israel cyber innovations," said Alex Yevtushenko, CEO of Salvador Technologies. "We are currently expanding our sales and support teams across the US and this recognition from the BIRD Foundation serves as an important cornerstone for our entry into the US market." About Salvador Technologies Salvador Technologies provides breakthrough technological solutions for operational continuity and cyber-attack recovery for Industrial Control Systems (ICS) and Operational Technology (OT), ensuring an easy validation of the backup integrity with an instant restoration test. The patented air-gap technology enables a full 30-second recovery from any scenario. The company's expertise is based on more than ten years of experience in the National Cyber Unit and elite intelligence corps of the Israel Defense Forces (IDF) and on the passion for contributing to the global cyber security agenda. For more information, please visit www.salvador-tech.com. About Bastazo Bastazo, rooted in Arkansas, U.S, specializes in cutting-edge cybersecurity solutions. Its vision is to use artificial intelligence and advanced analytics to carry the burden of cybersecurity operations in critical infrastructures across industries. www.bastazo.com About the BIRD Foundation The BIRD (Binational Industrial Research and Development) Foundation encourages and facilitates cooperation between U.S. and Israeli companies in a wide range of technology sectors and offers funding to selected projects. The Foundation supports projects without receiving any equity or intellectual property rights from the participating companies or the projects themselves. BIRD funding is repaid as royalties from sales of products that were commercialized as a result of BIRD support. The Foundation provides funding of up to 50% of a project's budget, beginning with R&D and ending with the initial stages of sales and marketing. The Foundation shares the risk and does not require repayment if the project fails to reach the sales stage. www.birdf.com Press Contact

BIRD Foundation Investments

104 Investments

BIRD Foundation has made 104 investments. Their latest investment was in Salvador Technologies as part of their Grant on September 9, 2023.

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BIRD Foundation Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/21/2023

Grant

Salvador Technologies

Yes

1

8/25/2023

Grant

Bastazo

$2.2M

Yes

2

7/26/2023

Grant - II

Ocean Genomics

Yes

1

7/25/2023

Grant

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10

7/25/2023

Grant

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10

Date

9/21/2023

8/25/2023

7/26/2023

7/25/2023

7/25/2023

Round

Grant

Grant

Grant - II

Grant

Grant

Company

Salvador Technologies

Bastazo

Ocean Genomics

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Amount

$2.2M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

2

1

10

10

BIRD Foundation Portfolio Exits

16 Portfolio Exits

BIRD Foundation has 16 portfolio exits. Their latest portfolio exit was Energy Systems Group on May 22, 2023.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

5/22/2023

Acquired

$99M

1

4/29/2022

Corporate Majority

$99M

1

12/6/2021

Acquired

$99M

3

11/24/2021

IPO

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$99M

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10

10/7/2021

Acquired

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$99M

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10

Date

5/22/2023

4/29/2022

12/6/2021

11/24/2021

10/7/2021

Exit

Acquired

Corporate Majority

Acquired

IPO

Acquired

Companies

Subscribe to see more

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Subscribe to see more

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Sources

1

1

3

10

10

BIRD Foundation Partners & Customers

2 Partners and customers

BIRD Foundation has 2 strategic partners and customers. BIRD Foundation recently partnered with Liberty Defense on July 7, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

7/12/2021

Partner

United States

Liberty Defense Announces Contract Signing for BIRD HLS and DHS Funded Program - Liberty Defense

Atlanta , GA> , USA -- July 12 , 2021 -- Liberty Defense , a leading concealed weapons and threat detection solutions company , is pleased to announce that it has signed the Cooperation and Project Funding Agreement with The Israel-US Binational Industrial Research and Development , Binational Industrial Research and Development Program , for $ 1M USD .

1

7/1/2021

Partner

China

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10

Date

7/12/2021

7/1/2021

Type

Partner

Partner

Business Partner

Country

United States

China

News Snippet

Liberty Defense Announces Contract Signing for BIRD HLS and DHS Funded Program - Liberty Defense

Atlanta , GA> , USA -- July 12 , 2021 -- Liberty Defense , a leading concealed weapons and threat detection solutions company , is pleased to announce that it has signed the Cooperation and Project Funding Agreement with The Israel-US Binational Industrial Research and Development , Binational Industrial Research and Development Program , for $ 1M USD .

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Sources

1

10

BIRD Foundation Team

1 Team Member

BIRD Foundation has 1 team member, including current Chief Financial Officer, Shlomo Cohen.

Name

Work History

Title

Status

Shlomo Cohen

Chief Financial Officer

Current

Name

Shlomo Cohen

Work History

Title

Chief Financial Officer

Status

Current

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