Industrial Cybersecurity Startup Aperio Raises $4.5 Million
The investments were made in a seed round with participation by European electricity provider EDP, Boston-based venture fund Data Point Capital, Chicago-based expansion stage venture firm Jump Capital and Los Angeles-based Scopus Ventures
Tel Aviv-based cybersecurity startup Aperio Technology PTE Ltd. secured $4.5 million in investments, the company announced Wednesday. Investors include Portugal’s power utility Energias de Portugal S.A. (EDP), Boston-based cybersecurity venture fund Data Point Capital, Chicago-based venture capital firm Jump Capital and Los Angeles-based Scopus Ventures LLP.
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The first $2.5 million stage of the round was completed last year and used for product development. The additional $2 million will be used mainly for marketing activity.
Founded in 2017, Aperio develops a software that protects SCADA controllers from cyber attacks. EDP’s investment comes after a successful pilot for securing its power plants, according to Aperio’s announcement.
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Recent events demonstrate that physical assets are desirable targets for attacks against critical infrastructure, Aperio Systems CEO Michael Shalyt said in a statement. “You don't target nuclear plant engineers to steal credit cards. Securing critical infrastructure has tangible financial, social, and even life-or-death implications,” he added.