SCADAfence, which secures industrial networks from cyber threats in the smart manufacturing and critical infrastructure sectors, raised $10 million in Series A funding. Investors include JVP, NexStar Partners, 31Ventures Global Innovation Fund, GB-VI Growth Fund Investment Limited Partnership managed by Global Brain, iAngels, and DS Strategic Partners.
SCADAfence’s solutions provide visibility of day-to-day operations, detection of malicious cyberattacks as well as non-malicious operational threats, and risk management tools.
“SCADAfence uniquely provides real-time detection, complete visibility and asset management. Simply using IT security solutions in OT isn’t effective, which is exactly why we see a lot of value in SCADAfence’s technology,” said JVP General Partner Yoav Tzruya. “SCADAfence’s solutions’ unprecedented ability to scale and achieve high detection rates, while providing industry-leading user experience and low total cost of ownership, makes them the only product that fits the requirements of large industrial networks.”
The investment will be used to expand the company’s research and development center in Tel-Aviv, as well as its North American, Asian, and European business development teams.
