What is Cylus?
Founded in 2017, Cylus provides a dedicated cybersecurity platform designed specifically for the unique requirements of the rail industry. As rail networks become increasingly digitized and interconnected, the attack surface for malicious actors has expanded significantly. Cylus addresses this vulnerability by offering real-time monitoring and threat detection tailored to the operational technology (OT) environments of modern rail systems. By bridging the gap between traditional IT security and specialized rail signaling and control systems, the company has established itself as a critical partner for rail operators worldwide seeking to ensure passenger safety and operational continuity.
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 Cerca Partners, Magma Venture Partners, Christian Kern, FollowTheSeed, GlenRock, Zohar Zisapel, Vertex Ventures, SBI, and Cyient
Series B (2021): $30M led by Vertex Ventures, Ibex Investors, GlenRock Israel, Magma Venture Partners, Vertex Growth Fund, and Strides International Business
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, focusing on infrastructure and SaaS companies.
Magma Venture Partners
Magma VC is a venture capital firm focused on investing in innovative startups, particularly in Israel, 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 across sectors including cybersecurity.
What's next for Cylus?
With the infusion of capital from its latest financing round, Cylus is well-positioned to accelerate its global expansion and deepen its technological moat. The company is expected to focus on scaling its engineering teams and enhancing its threat intelligence capabilities to stay ahead of emerging risks in the rail sector. Furthermore, the strategic nature of its recent backing suggests a push toward deeper integration with major rail infrastructure providers and original equipment manufacturers. As the industry continues to prioritize the hardening of critical assets, Cylus is poised to leverage its specialized expertise to capture a larger share of the industrial IoT security market, potentially setting the standard for rail-specific cybersecurity protocols on an international scale.
See full Cylus company page
