Radiflow, a Singapore-based provider of industrial cybersecurity solutions for critical infrastructure, closed an $18m funding round.
The round was led by ST Engineering Ventures, the corporate venture capital unit of ST Engineering. Radiflow’s existing investors, led by Zohar Zisapel, also participated in this investment round.
The company will use the proceeds to extend its sales network, strengthen its brand globally and continue developing its innovative solutions.
Led by Ilan Barda, CEO, Radiflow provides cybersecurity solutions for industrial control systems (ICS) and supervisory control and data acquisition (SCADA) networks. The company has more than 50 customers worldwide, including Tier 1 critical infrastructure operators in the United States and Europe, and endorsements from US national labs and consultants.
Its product portfolio, which consists of risk assessment, threat detection and secure remote access tools with in-depth industrial asset visibility, anomaly detection and distributed architecture, offers extensive use cases and applications for protecting ICS and SCADA networks.