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).
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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.
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
Eduard Kovacs (@EduardKovacs) is a contributing 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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