Cylus, a Tel Aviv, Israel-based rail and metro cybersecurity company, raised $12M in Series A funding.
The round was co-led by existing investors Magma Venture Partners and Vertex Ventures with participation from:
– Cyient (CYIENT.NS), a global provider of engineering and technology solutions for rolling stock and signaling OEMs and rail operators,
– Cerca Partners,
– GlenRock, Leon Recanati’s private investment company,
– Former Chancellor of Austria Christian Kern, who is now a Partner and Managing Director of The Blue Minds Company,
– Zohar Zisapel,
The company, which has already raised $17m in total funding to date, intends to use the funds to grow the team, to accelerate its activities in the EU, US, and APAC, and increase R&D efforts.
Led by Amir Levintal, CEO and Co-founder, Cylus is a provider of rail cybersecurity solutions for rail and metro companies to avoid safety incidents and service disruptions caused by cyber-attacks. CylusOne™ detects cyber threats in the signaling and control networks, trackside and onboard, facilitating a timely and effective response before any harm is done.
The company is already cooperating with leading rail integrators and other key players in the rail ecosystem.