Industrial cybersecurity and asset monitoring startup SynSaber Inc. has raised $13 million in new funding to continue development, expand its global footprint and build on its customer momentum and industry research.
SYN Ventures led the Series A round, with Rally Ventures and Cyber Mentor Fund also participating. Including the new funding, SynSaber has raised $15.5 million to date.
Founded in 2021, SynSaber offers an industrial asset and network monitoring solution designed to provide continuous insight into status, vulnerabilities and threats. The solution enables operators to see, know and take action more effectively to defend industrial systems and protect critical infrastructure.
SynSaber argues that existing network monitoring products are increasingly inflexible and hardware-dependent: They can be used, but only on their terms. The company says its solution is uniquely designed to empower operators to become even better at dealing with industrial challenges with unmatched visibility and awareness to help defend with laser precision.
The product is pitched as delivering the power of a scalable, future-proof solution that puts the control back into the hands of operational technology and industrial control system operators, allowing them to detect threats quickly and defend against them in real time — whether on-premises or in the cloud.
SynSaber released version 1.0 of its vendor-agnostic operation and detection solution in February, allowing critical infrastructure asset owners and operators to send OT edge data to empower their security information event management, orchestration, automation and response, or managed service security provider services — better known by their acronyms SIEM, OAR and MSSP.
The company has gained significant traction and was recently selected as an SC Awards finalist for Best SCADA Security Solution. SCADA stands for supervisory control and data acquisition.
“As the cybersecurity threat landscape increasingly targets industrial assets, we are enabling operators to more effectively see, know and take action to defend industrial systems and protect critical infrastructure, Jori VanAntwerp, co-founder and chief executive of SynSaber, said in a statement.