This site uses cookies to ensure the best viewing experience for our readers. Read more about it Got it

Brief

Royal Bank of Canada Invests $2 Million in Israeli Academic Cybersecurity Research

The bank invested in research on artificial intelligence and machine learning applications for cybersecurity at the Ben-Gurion University of the Negev

CTech 14:1726.06.18

The Royal Bank of Canada (RBC) has invested 2$ million in the cybersecurity research center at Israel’s Ben-Gurion University of the Negev (BGU), RBC and BGU’s technology commercialization company, BGN Technologies Ltd., announced Tuesday. The funding will be used for research on artificial intelligence and machine learning applications for cybersecurity. As part of a partnership between the bank and the university, BGU researchers will apply their methods to the banking industry, Danny Shtaier, a business development manager at BGN Technologies, said in a statement. BGU is a research university founded in 1969 in Beer Sheva, a desert town in southern Israel. In May, the university launched a $1 million investment fund aimed at its students and graduates.

 

Students at Ben-Gurion University of the Negev. Photo: Meir Azulay Students at Ben-Gurion University of the Negev. Photo: Meir Azulay

 

Cancel Send
    To all comments