CyberX

IIoT and ICS Cyber-security Platform

Cyber Security
Acquired (Inactive) by Microsoft on Jun 2020 - closed due to acquisition

Company Overview

Snapshot

Founded in December 2012 by Omer Schneider and Nir Giller, CyberX operated with 11–50 employees. The company secured $47.02 million across 5 funding rounds from 11 investors. CyberX was acquired by Microsoft in June 2020.

Business overview

CyberX developed an industrial cybersecurity platform designed to continuously reduce industrial cybersecurity risk and prevent production outages, safety failures, and environmental incidents. Its core technology provided asset discovery, vulnerability identification, and continuous monitoring for industrial control system (ICS) networks, integrating with existing security operations center workflows for unified IT/OT security. The company served markets including US energy providers, chemical companies, pharmaceutical firms, and national electric and gas utilities across Europe and Asia-Pacific, operating within the Cyber Security sector.

Strategic signal

In June 2020, Microsoft confirmed its acquisition of CyberX, a move that integrated CyberX's industrial IoT security capabilities into Microsoft's Azure Security Center for IoT. This acquisition underscored the growing importance of securing critical infrastructure and operational technology environments, signaling a strategic consolidation within the industrial cybersecurity market and enhancing Microsoft's offerings in the IoT security space.

Company Intelligence Q&A

When was CyberX acquired?
CyberX was acquired by Microsoft in June 2020.
What was the total capital raised by CyberX?
CyberX raised a total of $47.02 million across 5 funding rounds.
Which investors participated in the March 2019 funding round?
In March 2019, CyberX received funding from OurCrowd and Glilot Capital Partners.
What was a key partnership announced by CyberX in February 2020?
In February 2020, CyberX announced an integration with Microsoft Azure Security Center for IoT and joined the Microsoft Intelligent Security Association.
What was the outcome for employees following the acquisition?
Following the acquisition by Microsoft in June 2020, CyberX initiated layoffs affecting dozens of employees.

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