Israeli startup CyberX today announced that it’s secured $18 million in a strategic funding round led by Qualcomm Ventures and Inven Capital, with participation from existing investors Norwest Venture Partners, Glilot Capital Partners, Flint Capital, and OurCrowd.
The $18 million investment joins the $30 million invested by NVP, Glilot, Flint, OurCrowd and more and brings the company’s total raised to $48 million.
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Co-founded in 2012 by CEO Omer Schneider and Nir Giller, veterans of the Israeli Defense Forces’ elite cyber unit, CyberX aim to put a stop to crippling attacks before they start with a platform that continuously monitors virtually any ICS.
The company provides industrial-to-industrial (IoT IIoT) protection and industrial control systems by fully analyzing the environment and identifying anomalies. CyberX enables customers to receive rapid alerts of cyber attacks and operational failures, and to prevent or reduce downtime. The company has global customers in the fields of energy, water, pharma, chemicals, gas industries, manufacturing plants and more.
CyberX’s product supports are such as Rockwell Automation, Schneider Electric, Siemens, and GE.
Omer Schneider, CEO and co-founder of CyberX: “Investing in us is not only a significant back-up and validation of the market needs of CyberX products, but also a confidence in the company’s ability to best serve these needs to customers around the world. We are excited and proud of the trust we are given by Qualcomm Ventures and the Inven Fund, which join the company’s growth in the world. ”
CyberX “is a unique technology company offering an advanced solution in the industrial and IoT worlds. “We believe that the CyberX team and technology will enable it to continue to grow significantly in the security solutions market for the industrial world,” said Boaz Peer, a director at Qualcomm Ventures Israel.