Israel-based Cervello, a company focused on cybersecurity solutions for rail and Metro signaling systems, announced this week that it has raised $4.5 million in a seed funding round.
Founded in 2017 by veterans of the Israeli Defense Force (IDF), the company has been operating in steal-mode until recently.
The company explains that it is on a mission to address security vulnerabilities and exploits in critical systems that railway companies rely on.
“As operators further digitize their infrastructures, the railway industry is adopting an active approach towards both the security of its critical systems and international compliance,” says Roie Onn, Cervello CEO. “The Cervello Dashboard provides operators with full visibility of their railway signaling systems and critical assets and alerts on cyber incidents in the day to day operation. The solution can be either added to support existing rail equipment or installed during the manufacturing and design process”.
The company says the funding will be used to support product development and continue expansion into international markets.
Investors include North First Ventures of Israel and Awz Ventures of Canada, along with the founder of Comsec Group, Nissim Bar-El.
Cylus, another player in the railway cybersecurity space, announced $12 million in Series A funding in June.
Railways cybersecurity will be discussed at SecurityWeek’s upcoming ICS Cyber Security Conference in Atlanta, including a presentation on Level 0 exploits on train control systems.