NorthBit

Company Overview

Snapshot

Founded in October 2012 by Gil Dabah and Ariel Shiftan, NorthBit operated with 11–50 employees. The company was acquired by Magic Leap in April 2016.

Business overview

NorthBit is a Cyber Security company that develops security and internet products. The company's offerings are designed to help enterprises, OEMs, and publishers enhance their technological capabilities. NorthBit operates within the Cyber Security sector, focusing on enterprise solutions and mobile devices.

Strategic signal

In April 2016, NorthBit was acquired by Magic Leap, a significant move that integrated NorthBit's security expertise into Magic Leap's operations. This acquisition highlights the strategic value of robust security solutions within the technology sector, particularly for companies involved in advanced computing and immersive experiences, signaling a consolidation trend for specialized security firms.

Company Intelligence Q&A

What is NorthBit's primary focus?

NorthBit specializes in providing security and internet products to help enterprises, OEMs, and publishers leverage their technological potential, operating within the Cyber Security sector.

When was NorthBit founded and by whom?

NorthBit was founded in October 2012 by co-founders Gil Dabah and Ariel Shiftan.

When was NorthBit acquired?

NorthBit was acquired by Magic Leap in April 2016.

What type of business model does NorthBit primarily use?

NorthBit primarily operates with a B2B (Business-to-Business) model.