SCADAfence Team (Company pic)
SCADAfence, an Israeli startup providing OT & IoT cyber security, closed an additional funding round of $16 million with investments from Fujitsu (through a fund managed by its subsidiary Fujitsu Ventures Limited), Mitsubishi Electric and Prosegur corporations. This brings SCADAfence’s total funding to date to $35 million. And LeapXpert, an Israeli communications startup, brought in $22 million in a Series A+ funding round led by Rockefeller Asset Management through its Technology Ventures Group. The round was joined by Uncorrelated Ventures, the Partnership Fund for New York City, a new strategic investor, and existing investors.
Founded in 2017, LeapXpert offers a business communication platform that is says provides organizations “peace of mind by creating an accessible digital record of all business interactions carried out over mobile messaging and voice applications.”
A soon-to-be-released LeapXpert survey found that messaging apps are almost universally used for business by financial firms of all types. However, the compliance technology to regulate them is just now in the process of being adopted.
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The LeapXpert Communications Platform, says the company, is the first comprehensive communication and compliance solution for enterprises that successfully reconciles extremely flexible client communication with recordkeeping compliance, adherence to information security, and data governance.
The LeapXpert Communications Platform is the first Federated Messaging Orchestration Platform to provide full visibility into data from instant messaging channels, as well as unparalleled governance and control. LeapXpert enables financial institutions and enterprises to embrace a customer-centered communication approach while maintaining professional conduct and ensuring compliance.
The funding continues the positive momentum for LeapXpert, which experienced 3x YoY growth in recent years. The platform is now a preferred communication channel for many of the world’s largest financial institutions, whose employees use it on a daily basis.
“Today marks a significant milestone for LeapXpert’s growth journey,” said Dima Gutzeit, Founder and CEO of LeapXpert. “As we look to further enhance our product offering and grow our reach in the United States, we are excited to partner with Rockefeller Asset Management, Uncorrelated Ventures, Partnership Fund for New York City, and a new strategic investor. Our goal is to set the global standard for responsible and flexible employee-customer communications, and with this funding, we are one step closer to achieving our vision.”
Founded in 2014, SCADAfence offers OT & IoT cybersecurity. SCADAfence with a full suite of industrial cybersecurity products that provide full coverage of large-scale networks, offering best-in-class network monitoring, asset discovery, governance, remote access, and IoT device security. A Gartner “Cool Vendor” in 2020, SCADAfence delivers proactive security and visibility to some of the world’s most complex OT networks, including the largest manufacturing facility in Europe. SCADAfence says that it enables organizations in critical infrastructure, manufacturing, and building management industries to operate securely, reliably, and efficiently.
If you ever watched a show like 24, then you know that a terrorist attack done by way of hacking into a public utility’s systems is one of the scariest threats to public safety. Imagine someone getting control over a power plant, or many power plants, and shutting down a whole region’s power supply. Now imagine it happening to an entire country or continent.
Now think about your local water supply. Imagine someone disrupting the flow of drinking water or contaminating the supply. Or imagine someone doing any of these things for money made through extortion. This is where SCADAfence comes in.
“SCADAfence has experienced unprecedented growth by making the forging of key strategic partnerships that capitalize on the synergies between our solutions and those of our partners a key strategy,” said SCADAfence CEO Elad Ben-Meir.
