Siga secures $8.1M Series B to prevent cyberattacks on critical infrastructure – TechCrunch


Siga OT Solutions, an Israeli cybersecurity startup that assists organizations safe their functions by checking the uncooked electric powered signals of significant industrial belongings, has raised $8.1 million in Series B funding.

Siga’s SigaGuard says its technological innovation, applied by Israel’s crucial h2o facilities and the New York Energy Authority, is unique in that fairly than checking the operational network, it takes advantage of equipment understanding and predictive investigation to “listen” to Level signals. These are usually produced up of elements and sensors that acquire electrical indicators, fairly than protocols or details packets that can be manipulated by hackers.

By monitoring Stage , which Siga describes as the “richest and most responsible amount of process information inside any operational ecosystem,” the firm can detect cyberattacks on the most essential and vulnerable bodily property of countrywide infrastructures. This, it statements, makes certain operational resiliency even when hackers are prosperous in manipulating the logic of industrial handle method (ICS) controllers.

Amir Samoiloff, co-founder and CEO of Siga, says: “Level is starting to be the main axis in the resilience and integrity of critical national infrastructures throughout the world and securing this stage will turn into a major aspect in command devices in the coming many years.”

The company’s latest round of funding — led by PureTerra Ventures, with investment decision from Israeli undertaking fund SIBF, Moore Money, and Phoenix Make contact with — arrives amid an escalation in assaults against operational infrastructure. Israel’s h2o infrastructure was strike by a few known cyberattacks in 2020 and these were being followed by an assault on the h2o system of a city in Florida that observed hackers briefly raise the volume of sodium hydroxide in Oldsmar’s h2o treatment program. 

The $8.1 million investment lands a few several years soon after the startup secured $3.5 million in Sequence A funding. The company reported it will use the funding to accelerate its revenue and strategic collaborations internationally, with a target on North America, Europe, Asia, and the United Arab Emirates. 

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