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Cyber Range Developer Cyberbit Raises $30 Million

Israel-based Cyberbit Ltd., a provider of cyber range training and simulation platforms, announced on Monday that it has received a $30 million investment from Claridge Israel.

Cyberbit offers a cyber range for simulated cyber training, and a detection and response platform to help protect an organization’s attack surface across IT, OT and IoT networks.  

Founded in 2015, Cyberbit is a subsidiary of Elbit Systems and has offices in Israel, Unites States, Europe, and Asia.

With the funding, Cyberbit says it will expand sales and marketing, primarily in North America, boost product development, and enhance customer and partner support. 

“Cyberbit’s growth in just three years has been remarkable,” said Rami Hadar, Managing Director at Claridge Israel. “This growth is driven by a unique product portfolio that addresses several of the most pressing industry problems, a solid go-to-market strategy and a highly capable team that is executing successfully and creating a leadership position in several markets.”

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For more than 10 years, Mike Lennon has been closely monitoring the threat landscape and analyzing trends in the National Security and enterprise cybersecurity space. In his role at SecurityWeek, he oversees the editorial direction of the publication and is the Director of several leading security industry conferences around the world.