SCADAfence

OT and IoT Cyber Security Platform for Critical Infrastructure and Enterprises

Cyber Security
Acquired (Inactive) by Honeywell on Jul 2023 - closed due to acquisition

Company Overview

Snapshot

Founded in January 2014 by Ofer Shaked, SCADAfence operated with 11–50 employees. The company secured funding across 4 rounds from 12 investors, culminating in its acquisition by Honeywell in July 2023.

Business overview

SCADAfence specializes in developing cybersecurity solutions for Operational Technology (OT) and Internet of Things (IoT) environments. The company offers a comprehensive suite of industrial cybersecurity products designed for large-scale networks, providing network monitoring, asset discovery, governance, remote access, and IoT device security. SCADAfence serves organizations within critical infrastructure, manufacturing, and building management industries, enabling them to maintain secure, reliable, and efficient operations.

Strategic signal

The acquisition of SCADAfence by Honeywell in July 2023 represents a significant strategic move, integrating SCADAfence's OT and IoT cybersecurity capabilities into a major industrial player. This acquisition signals a growing consolidation trend in the industrial cybersecurity market, where larger entities are seeking to enhance their offerings with specialized security solutions for critical infrastructure and manufacturing sectors. For investors, this highlights the increasing value placed on robust OT security technologies and the potential for strategic exits in this domain.

Company Intelligence Q&A

What was the most significant corporate event for SCADAfence?
SCADAfence was acquired by Honeywell in July 2023, leading to its current inactive status.
When was SCADAfence founded and by whom?
SCADAfence was founded in January 2014 by Ofer Shaked.
Which investors participated in SCADAfence's March 2023 funding round?
In March 2023, SCADAfence received funding from Mitsubishi Corporation and Fujitsu, among other investors.
What was the last disclosed funding amount for SCADAfence?
SCADAfence's last disclosed funding round was in March 2023, raising $16 million from investors including Mitsubishi Corporation and Fujitsu.
Which investor led SCADAfence's March 2021 funding round?
The March 2021 funding round for SCADAfence, which raised $12 million, was led by JVP.

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