Cyberbit Ltd., a Ra’Anana, Israel-based subsidiary of Elbit Systems Ltd., and a provider of cyber range training and simulation platforms, and IT/OT threat detection and security orchestration solutions, raised $30m in funding.
The investment was made by Claridge Israel, a partnership between CDPQ, one of the largest institutional investors in North America with net assets of over US$230 billion, and Claridge Inc., the Stephen Bronfman Family Office. Oded Tal, Managing Partner of Claridge Israel, will join Cyberbit’s board of directors.
The company intends to use the funds to expand sales and marketing, primarily in North America, accelerate product development, and enhance customer and partner support.
Founded in mid-2015 and led by Adi Dar, CEO, Cyberbit provides a consolidated detection and response platform that protects an organization’s entire attack surface across IT, OT and IoT networks.
Products included endpoint detection and response powered by behavioral analysis, security automation, orchestration and response (SOAR), ICS/SCADA security (OT security), and cyber range for simulated cyber training were adopted by enterprises, governments, academic institutions and MSSPs around the world.
Cyberbit is a subsidiary of Elbit Systems Ltd. (NASDAQ: ESLT and TASE: ESLT) and has offices in Israel, the US, Europe, and Asia.