Cybersecurity Startup CyberX Raises $18 Million
Founded by former military cyber experts, CyberX develops and markets cybersecurity solutions for industrial customers including energy, pharmaceuticals, and infrastructure companies
To date, CyberX raised a total of $30 million in investments. In a statement, CyberX said it will use the funding to expand activity in the U.S. and Europe and hire more people.
Founded in 2013 by former Israeli military cyber experts Omer Schneider and Nir Giller, CyberX develops and markets cybersecurity systems for companies in the fields of energy, pharmaceuticals, chemicals, oil, and gas. The company’s software monitors industrial networks to detect and block targeted attacks, malware, and insider threats and critical vulnerabilities.
“There is a growing need in many enterprises to connect their IIoT and ICS networks to corporate IT networks for performance, monitoring, and manageability reasons. This trend creates a new security risk which requires a modern, IIoT-optimized, security solution.” Dror Nahumi, general partner at Norwest Venture Partners, said in a statement.