Radiflow announces $ 18 million financing round

  Radiflow Announces Closing of $ 18 Million Financing Round

12. July 2018 – Radiflow, a provider of critical cybersecurity critical infrastructure solutions, announced it has completed a $ 18 million investment round. This round of investment was led by ST Engineering Ventures, ST Engineering's corporate venture capital unit. Radiflow's existing investors, led by Zohar Zisapel, also participated in this round of investment.

Radiflow provides cybersecurity solutions for industrial control systems (ICS) and monitoring and data acquisition (SCADA) networks. The Radiflow product portfolio, consisting of risk analysis, threat detection and secure remote access tools with unique industrial visibility, anomaly detection and distributed architecture, provides use cases and applications to protect ICS and SCADA networks.

Cyber ​​security risks in the conservative industrial market have recently been highlighted by both targeted attacks, such as the Triton case, and IT-based attacks, including the attack on cryptocurrency mine malware discovered by Radiflow's iSID system in a wastewater treatment plant Has. Radiflow responds to these challenges with its advanced cybersecurity solutions for the industry and its re-expanding technology partner ecosystem, including the recently announced collaboration with Palo Alto Networks and RSA to facilitate field operations and compliance with new regulations, including NERC CIP and EU NIS Directive to Ensure

Radiflow will use the investment proceeds to expand its distribution network to support growing market demand, strengthen its brand globally and refine its innovative solutions to meet evolving customer needs.

The investment and partnership enables ST Engineering to access Radiflow's detection and prevention tools that have been integrated into the Rail Command, Control and Communications (C3) system (SCADA) – the system right now for monitoring and controlling the web monitoring (SCADA). The combination of these two technologies has led to the development of the region's first end-to-end cybersecurity solution for rail transport

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 Radiflow announces $ 18 million financing round

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