CyberX, a security startup with tentacles in Israel and focused on what it calls the Internet’s industrial domain, raised $2 million in venture funding Wednesday. The seed round was led by Glilot Capital Partners with participation from the Swarth Group and assorted angels. CyberX chief Omer Schneider cut his teeth in Web security with different roles within the Israeli Defense Forces cyber unit. The Israelis have long been at the cutting edge of Internet security and are recognized internationally for launching killer viruses, e.g., Stuxnet, and protecting domains.
CyberX, a software security startup that launched last year out of the UpWest Labs accelerator, has raised $2 million in seed funding. The round was led by Glilot Capital Partners with participation from Shaul Shani’s Swarth Group, Leon Recanati’s GlenRock, and angel investor Gigi Levy-Weiss. Co-founded by two veterans of the Israeli army’s elite cyber security unit, CyberX has built technology that protects “industrial Internet” networks that serve as the underpinnings for crucial sectors such as energy, gas and oil, manufacturing, and healthcare. In a phone interview this week, CyberX CEO and co-founder Omer Schneider told me that his company is emerging at a critical time for the industrial Internet space. “In the past, these networks were kept secure by being disconnected from regular networks. But today, industrial Internet networks have to be connected to the wider world through a lot of devices — it’s a world where you cannot disconnect from the entire internet,” he said.
