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Cybersecurity Funding

Industrial Cybersecurity Firm SynSaber Launches With $2.5M in Seed Funding

SynSaber, a new industrial cybersecurity company, announced its launch this week with $2.5 million in seed funding from SYN Ventures, Rally Ventures and Cyber Mentor Fund.

SynSaber, a new industrial cybersecurity company, announced its launch this week with $2.5 million in seed funding from SYN Ventures, Rally Ventures and Cyber Mentor Fund.

SynSaberThe Chandler, Arizona-based company was founded in 2020 by Jori VanAntwerp, who serves as the company’s CEO, and Ron Fabela, its CTO. VanAntwerp previously worked at Gravwell, industrial cybersecurity firm Dragos, CrowdStrike, McAfee and FireEye. Fabela also worked at Gravwell and Dragos, as well as several other major companies.

SynSaber is working on developing an industrial asset and network monitoring solution designed to provide “continuous insight into status, vulnerabilities, and threats.”

The company says its technology-agnostic solution relies on low-hardware sensors that can be placed anywhere to obtain total visibility into an organization’s industrial environment, including IIoT devices, mechanical systems, and legacy computing devices. Organizations will be able to integrate the solution with their existing products.

Learn more about industrial security products at SecurityWeek’s 2020 ICS Cyber Security Conference and SecurityWeek’s Security Summits virtual event series

“SynSaber plans to put hero over hardware by empowering industrial operators rather than overwhelming them, making great operators even better,” said VanAntwerp. “SynSaber will be delivering a game-changing approach to industrial visibility and security, as the solution will be the first to be deployed on-prem or in the cloud and can integrate seamlessly with existing current technology investments.”

The seed money will be used by the company for product development, channel relationships and go-to-market sales.

SynSaber expects its product to become generally available later this year.

Related: Industrial Cybersecurity Firm Claroty Raises $140 Million in Series D Funding

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Related: OPSWAT Acquires Industrial Cybersecurity Firm Bayshore Networks

Related: Rockwell Automation Acquires Industrial Cybersecurity Firm Oylo

Written By

Eduard Kovacs (@EduardKovacs) is a managing editor at SecurityWeek. He worked as a high school IT teacher for two years before starting a career in journalism as Softpedia’s security news reporter. Eduard holds a bachelor’s degree in industrial informatics and a master’s degree in computer techniques applied in electrical engineering.

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