Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Cybersecurity Funding

SynSaber Raises $13 Million for OT Asset and Network Monitoring Solution

SynSaber, a startup that specializes in protecting industrial control systems (ICS) and other operational technology (OT), announced on Thursday that it has raised $13 million in Series A funding.

SynSaber, a startup that specializes in protecting industrial control systems (ICS) and other operational technology (OT), announced on Thursday that it has raised $13 million in Series A funding.

The funding round, which brings the total raised by the company to $15.5 million, was led by SYN Ventures, with participation from Rally Ventures and Cyber Mentor Fund.

The investment will be used to continue improving the company’s industrial asset and network monitoring solution, expand its global footprint, and to boost sales, marketing, and development efforts.

SynSaber announced its launch in July 2021 with $2.5 million in seed funding. The company is based in Chandler, Arizona, and it was founded by Jori VanAntwerp (CEO) and Ron Fabela (CTO).

Learn More About Industrial Security Products at

SecurityWeek’s 2022 ICS Cyber Security Conference

In February 2022, SynSaber announced the general availability of its product, a small device that enables organizations to gain visibility into their OT environments and detect potential threats.

The vendor-agnostic threat sensor can be hosted on existing infrastructure and it relies on so-called ‘Sabers’ to continuously collect data from ICS, IIoT, and legacy computing systems to enable operators and analysts to monitor and secure their networks.

Advertisement. Scroll to continue reading.

Related: SYN Ventures Closes $300M Fund for Cybersecurity Bets

Related: Hundreds of ICS Vulnerabilities Disclosed in First Half of 2022

Related: IoT/OT Device Security Firm NanoLock Raises $11 Million

Related: OT Security Firm Shift5 Raises $50M to Protect Planes, Trains, and Tanks From Cyberattacks

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.

Click to comment

Trending

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Understand how to go beyond effectively communicating new security strategies and recommendations.

Register

Join us for an in depth exploration of the critical nature of software and vendor supply chain security issues with a focus on understanding how attacks against identity infrastructure come with major cascading effects.

Register

Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Cybersecurity Funding

SecurityWeek investigates how political/economic conditions will affect venture capital funding for cybersecurity firms during 2023.

CISO Strategy

SecurityWeek spoke with more than 300 cybersecurity experts to see what is bubbling beneath the surface, and examine how those evolving threats will present...

CISO Conversations

Joanna Burkey, CISO at HP, and Kevin Cross, CISO at Dell, discuss how the role of a CISO is different for a multinational corporation...

CISO Conversations

In this issue of CISO Conversations we talk to two CISOs about solving the CISO/CIO conflict by combining the roles under one person.

CISO Strategy

Security professionals understand the need for resilience in their company’s security posture, but often fail to build their own psychological resilience to stress.

Cyber Insurance

Cyberinsurance and protection firm Boxx Insurance raises $14.4 million in a Series B funding round led by Zurich Insurance.