What is Cylus?
Founded in 2017 and headquartered in Tel Aviv, Israel, Cylus operates within the vital sector of railway systems cybersecurity. The company provides advanced solutions designed to protect rail networks from sophisticated cyberattacks, ensuring the safety and reliability of transportation infrastructure. By focusing on the unique vulnerabilities of operational technology (OT) in the rail industry, Cylus aims to be a leader in safeguarding one of the world's most critical transportation sectors against digital threats.
How much funding has Cylus raised?
Cylus has raised a total of $42M across 2 funding rounds:
Series A
$12M
Series B
$30M
Series A (2019): $12M with participation from Cyient, Cerca Partners, Magma Venture Partners, Christian Kern, FollowTheSeed, SBI, GlenRock, Zohar Zisapel, and Vertex Ventures
Series B (2021): $30M led by Ibex Investors, Strides International Business, GlenRock Israel, Vertex Ventures, Magma Venture Partners, and Vertex Growth Fund
Key Investors in Cylus
Vertex Ventures
Vertex Ventures US is an early-stage venture capital firm that supports founders creating a smarter digital economy through B2B software. They focus on partnering with and investing in early-stage infrastructure and SaaS companies, leveraging their experience as former founders and operators.
Magma Venture Partners
Magma VC is a venture capital firm focused on investing in innovative startups, particularly in Israel. The company aims to support entrepreneurs by providing capital and strategic guidance to help them grow their businesses.
Cerca Partners
Cerca Partners is a prominent co-investment venture capital fund that specializes in identifying and investing in promising Israeli tech startups. The firm collaborates with top-tier VC funds and leverages a strong network of successful tech entrepreneurs to provide valuable guidance and mentorship to its portfolio companies.
What's next for Cylus?
The substantial enterprise-level capital infusion positions Cylus for a significant scaling phase. This strategic backing is anticipated to fuel further research and development, enabling the company to enhance its existing product suite and potentially expand into new markets or service offerings. With a clear focus on addressing the escalating cybersecurity challenges in the global railway industry, Cylus is poised to strengthen its market position and continue its trajectory of innovation and growth.
See full Cylus company page
