Israeli cybersecurity co Indegy raises $18m

Cyber surveillance Photo: ASAP Shutterstock

Indegy specializes in technology that gives businesses visibility and control over their industrial control systems.

Israeli cybersecurity company Indegyhas raised $18 million in a financing round led by Liberty Technology Fund and which included an investment by UK energy company Centrica Innovations. Previous investors Vertex Ventures, Aspect Ventures, Magma Venture Partners and angel investor Shlomo Kramer also participated. The company has raised $36 million including the latest financing round.

The Tel Aviv-based company was founded in 2014 by CEO Barak Perelman, CTO Mille Gandelsman and VP, R&D Ido Trivizki, are graduates of the IDF's Talpiot program.

Indegy specializes in technology that gives businesses visibility and control over their industrial control systems to protect against cyber threats, malicious insiders and human error. Totally non-intrusive, the Indegy solution can be deployed with no impact on customers' operations, and has been designed to detect anomalies on industrial control systems, using advanced machine-learning technology to analyze and alert users to suspicious activity on their network.

Centrica Innovations ventures director Christophe Defert said, "Indegy has developed an impressive suite of products that help protect industrial systems used in a variety of sectors including energy, water, manufacturing and pharmaceuticals. We are looking forward to working with the team as we explore ways to deploy distributed energy resources with the optimal security solution."

Published by Globes [online], Israel business news - www.globes-online.com - on August 28, 2018

© Copyright of Globes Publisher Itonut (1983) Ltd. 2018

Cyber surveillance Photo: ASAP Shutterstock
Cyber surveillance Photo: ASAP Shutterstock
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