UNSW researchers have received $1.3million in a deal with IP Group, to fund a ground-breaking spinout that is changing the way enterprise and government detect and protect networks from the pervasive threat of cyber-attacks.
CyAmast is the first Australian grown Internet of Things (IoT) network security company and was founded earlier this year by Dr Hassan Habibi and his research team from UNSW’s School of Electrical Engineering and Telecommunications.
Dr Habibi and his team have developed AI based technology that continuously monitors the network traffic within smart environments – like commercial buildings, industrial facilities and airports –quarantining threats and alerting operators when suspicious behaviour has been detected.
Dr Habibi says CyAmast’s solution is far more flexible, scalable and cost-effective than traditional approaches to determining attacks on IoT systems.
“Traditional methods of detecting malicious traffic are bundled, static, and inflexible, and thus do not suffice for the growing diversity of attacks on increasing numbers of insecure IoT devices,” he says.
“CyAmast is an industry-changing business that will transform the way individuals and organisations around the world protect the growing number of IoT devices that intelligently assist our everyday life,” Dr Habibi says.
Image: Dr Hassan Habibi (left) with Mr Adam de Jong
The collaboration marks IP Group’s second investment in a UNSW spinout, having previously invested in Canopus Networks in 2018.
UNSW continuously seeks to share knowledge and develop mutually rewarding partnerships to improve the impact of research. UNSW Knowledge Exchange enables collaboration and connects prospective partners with the University’s experts and vice versa.
If you are interested in establishing a spinout or collaborating on a research project, please don’t hesitate to get in touch.
Alternatively, read more about CyAmast’s technology and investment in UNSW Newsroom.