Siga OT Solutions, an Israeli cybersecurity start-up that helps companies secure their operations by keeping track of the raw electrical signals of important commercial properties, has actually raised $8.1 million in Series B funding.
Siga states its SigaGuard technology, utilized by Israel’s critical water centers and the New york city Power Authority, is distinct because rather than keeping track of the operational network, it uses artificial intelligence and predictive analysis to “listen” to Level 0 signals. These are generally comprised of parts and sensors that get electrical signals, rather than procedures or data packets that can be manipulated by hackers.
By keeping track of Level 0, which Siga refers to as the “wealthiest and most trustworthy level of procedure information within any operational environment,” the company can identify cyberattacks on the most susceptible and vital physical possessions of nationwide infrastructures. This, it declares, makes sure functional resiliency even when hackers achieve success in manipulating the reasoning of commercial control system (ICS) controllers.
Amir Samoiloff, co-founder and CEO of Siga, says: “Level 0 is becoming the major axis in the resilience and integrity of critical national facilities worldwide and protecting this level will end up being a major element in control systems in the coming years.”
The business’s most current round of financing– led by PureTerra Ventures, with investment from Israeli endeavor fund SIBF, Moore Capital and Phoenix Contact– comes amidst an escalation in attacks against operational infrastructure. Israel’s water facilities was struck by three known cyberattacks in 2020 and these were followed by an attack on the water supply of a city in Florida that saw hackers briefly increase the quantity of sodium hydroxide in Oldsmar’s water treatment system.Decrypted
The $8.1 million financial investment lands three years after the startup protected $3.5 million in Series A financing. Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.
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