About VMRay

VMRay delivers advanced threat analysis and detection that combines a unique agentless hypervisor-based network sandbox with a real-time reputation engine. The combination provides both fast, high volume file classification and deep malware analysis. The VMRay Analyzer is platform independent and highly scalable, the result of a decade of R&D by some of the world’s leading experts on dynamic malware analysis. By monitoring at the hypervisor level, it is undetectable by malware running in the target operating system. VMRay serves leading enterprises around the world.

VMRay was founded by Carsten Willems and Ralf Hund. Prior to VMRay, they collaborated for years in several academic projects, such as the dynamic behavior analysis of malware, clustering and classification of malicious code, vulnerability research of Windows systems, and reversing/breaking the encryption of contemporary satellite phones. After each receiving their Ph.D., they founded VMRay to transform their deep expertise in malware research into useful ways to make the on-line world a safer place.

Management Team



Carsten is the original developer of CWSandbox, a commercial malware analysis suite that was later renamed to GFI Sandbox, and now Threat Analyzer by ThreatTrack Security. He is a pioneer in creating commercial software for dynamic malware analysis, and is one of the experts in this field worldwide. He achieved his Ph.D. in computer science / IT-security at the Ruhr-University of Bochum in 2013 and has more than 15 years of experience in malware research and software design. He has founded several companies, assisted many other CyberSecurity startups and regularly presents at academic and industry conferences.



Ralf achieved his Ph.D. in computer science / IT-security at the Ruhr-University of Bochum in 2013. During his studies he focused on new analysis methods for software binaries, with a strong focus on malware. His findings were published and presented at many leading academic IT security conferences and received several awards for outstanding work. He also contributed to the popular academic malware analyzer Anubis during the course of his research. He has experience in malware research and software development for more than 10 years and is an active speaker at various academic and industrial conferences. His special interests lie in virtualization techniques and its application to software analysis.


VP Sales & Marketing

Chad has been involved in enterprise security for over 20 years. Prior to VMRay he managed technology alliances at RSA, the security division of EMC. He came on board RSA via their acquisition of Silicium Security and Silicium ‘s ECAT ETDR (Endpoint Threat Detection and Response) technology where he ran sales and marketing. Prior to Silicium he ran Sunbelt Software’s Advanced Technology Group (ATG), bringing to market the CWSandbox malware analyzer and Sunbelt’s ThreatTrack threat intel feeds. Sunbelt was acquired by GFI, and is now ThreatTrack Security. As president of VMRay Inc. he oversees operations and all sales and marketing activities worldwide outside of Europe.


VP Operations

Katharina oversees VMRay’s finances, operations, and human resources. Prior to joining VMRay, Katharina was a CFO of a company in the recycling industry. She holds a Master degree in Management from the Ruhr University of Bochum and will soon receive the Master of Laws (LL.M.).

Advisory Board

The management is assisted by an independent, international advisory board that consists of experts from different fields, such as business development, strategic partnerships, malware research, and global IT-security market.

Dr. Rolf-Christian Wentz

Rolf-Christian is a business angel and consultant/coach. He has investments in various start-ups, including in software. He is also a lecturer in innovation management at the RWTH University Aachen and at the University of Hamburg, Germany, and is a member of the board of Zooplus AG, the European e-commerce market leader in pet supplies. Before his current activities, Rolf-Christian worked as a manager for Procter & Gamble, SC Johnson and Campbell Soup for 26 years. After being finance director and then marketing director at P&G, over the last eight years of his managerial career he was the managing director responsible for the Central European and the German business unit, respectively, of the latter two companies. Rolf-Christian has a Ph.D. in business administration from the University of Cologne, Germany. He is author of “The Innovation Machine: How the world’s best companies manage innovation.”

Mike Rogers

Mike is a Strategy, Corporate and Business Development expert with a 25+ year background in Banking, Digital Media and Cybersecurity. Mike is a veteran consultant to early stage companies, having formed and built two management consulting practices in Silicon Valley, after successful Executive Strategy, Corporate and Business Development roles at OpenTV, Cyberguard, Secure Computing, and Lumension Security. Mike has a BA in Economics from the University of Michigan, and an MBA in International Finance from Thunderbird.

Willi Mannheims

Willi is the managing partner at eCapital. With 25 years of experience in venture and private equity, Willi has lead 4 successful IPOs while serving in leadership positions at several small and medium sized technological growth companies including: Daimler Chrysler (Business Development & Strategic Planning), Cubis AG (Head of Business Development); Secunet AG (Founder & CEO); escrypt GmbH (CEO), Eracom AG (CEO), and ISITS AG (CEO). Willi received his MBA from the Henley Management College UK and Graduate degree as an aerospace engineer from RWTH Aachen.



ECAPITAL AG, based in Münster, is a capital management company for alternative investment funds (AIF) under the EuVECA regulation. The company is one of the leading venture capital investors in Germany and since 1999 has actively supported innovative entrepreneurs in future-oriented sectors. The focus is on fast-growing companies in the software / IT, industry 4.0, cleantech and new materials segments. ECAPITAL currently manages six funds with a subscription capital of over 200 million euros and invests in companies in early to later stage phases. Learn more at http://ecapital.de/.

High-Tech Gründerfonds

The High-Tech Gründerfonds (HTGF) is Germany’s most active and largest early-stage investor. We finance your technology start-up with venture capital – from clean-tech and robotics to drug development, from chemistry to software. Benefit from the experience and the extensive networks of our team with its technological and business know-how. Learn more at http://high-tech-gruenderfonds.de/.

Join our Team

We are always in search of skilled and enthusiastic people to join our team in our two locations in Bochum, Germany and Boston, MA.

Find Your Role