What is Cylus?
Founded in 2017 and based in Tel Aviv, Israel, Cylus specializes in providing advanced cybersecurity solutions tailored for the unique challenges of railway systems. The company's technology is designed to protect rail networks from cyber threats, ensuring the safety, reliability, and operational continuity of transportation infrastructure. By addressing the evolving landscape of digital risks in the railway sector, Cylus positions itself as a critical player in maintaining the integrity of global transportation networks.
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 SBI, FollowTheSeed, Cerca Partners, Magma Venture Partners, Christian Kern, Zohar Zisapel, Vertex Ventures, Cyient, and GlenRock
Series B (2021): $30M led by Magma Venture Partners, Vertex Ventures, Ibex Investors, Vertex Growth Fund, Strides International Business, and GlenRock Israel
Key Investors in Cylus
Magma Venture Partners
Magma Venture Partners 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.
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.
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.
What's next for Cylus?
The substantial enterprise-level funding, particularly the recent major strategic investment, signals Cylus's readiness for accelerated growth and market expansion. This capital infusion is expected to fuel further research and development, enhance product offerings, and broaden the company's global reach. Cylus is poised to solidify its leadership in railway cybersecurity, addressing the increasing demand for robust protection against sophisticated cyber threats in the transportation industry. The company's trajectory suggests a focus on scaling operations and deepening its impact on rail safety and security worldwide.
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