US tech giant Microsoft ha acquired Israel-based Internet of Things (IoT) security company CyberX to accelerate and secure customers’ IoT deployments, announced Microsoft in a official blog post.
Financials of the deal are not being disclosed however according to TechCrunch sources it’s in the region of $165 million.
Post the acquisition, CyberX is integrated with Microsoft’s broad portfolio of IoT security offerings in threat protection that span users, endpoints, applications, data and more. CyberX will complement the existing Azure IoT security capabilities, and extends to existing devices including those used in industrial IoT, Operational Technology and infrastructure scenarios.
Founded in 2013, by Omer Schneider and Nir Giller, CyberX delivers the only IoT/OT cybersecurity platform built by blue-team experts with a track record of defending critical national infrastructure. Headquartered in Boston, CyberX has its development center in Herzliya, Israel.
CyberX’s founders will join Microsoft and the platform will continue to be enhanced and supported by CyberX personnel. In addition, Microsoft is committed to the channel and will continue working with CyberX’s strategic reseller and technology partners worldwide. The CyberX platform will continue to be available in a hybrid model supporting both cloud-connected and air-gapped networks.
CyberX has been raised funding of about $48 million from Norwest Venture Partners, Qualcomm Ventures, Flint Capital, Glilot Capital Partners, Inven Capital, and OurCrowd. CyberX claims to be the only cybersecurity company with a patent for M2M-aware behavioral analytics and machine learning technology.
Omer Schneider, co-founder and CEO of CyberX, said, “Nir and I founded CyberX with the goal of delivering a scalable solution that would be easy to deploy and reduce risk for enterprises worldwide. We’re thankful to our loyal customers and partners as well as to our dedicated employees whose innovation and hard work made it possible for us to reach this important milestone, and also to our investors for their ongoing support.”