Israeli cybersecurity startup Cylus has raised a seed round of $4.7 million for its security solutions for the rail industry.
The round of funding comes from Magma Venture Partners, Vertex Ventures, SBI Group, and company cofounder Zohar Zisapel.
Cylus develops cybersecurity protections for railways network to meet the challenge of automation and greater connectivity. The industry is rife with legacy systems that were not built originally to meet these challenges. The company declined to name any of its clients so far.
The company has developed solutions that are tailored to the unique challenges of railway networks, said CEO Amir Levintal.
“Our solution enables rail companies to detect cyber-attacks in their operational network, including their signaling systems and rolling stocks, and block attackers before they can cause any damage,” he said. “The automotive industry has woken up to the critical need for cyber protection– it’s time the railway industry got on board as well.”
The company cites different rail cyber-attacks, like those in Germany, “Train attacks are no longer science fiction,” said investor and cofounder, Zohar Zisapel.
Boaz Zafrir, former CEO of Israel Railways, is president of Cylus.