Rehovot, Israel (September 21, 2023) – Salvador Technologiesthe modern supplier of the primary Instantaneous and Protected Cyber-Assault Restoration Platform for Important Property and Operational Applied sciences (OT), right this moment introduced that the corporate has gained funding for a $2.2m cybersecurity venture from the Israel-United States Binational Industrial Analysis and Improvement (BIRD) Basis, a company that gives capital for joint industrial analysis and growth between American and Israeli corporations.
Salvador Applied sciences has obtained this funding along with its US-based accomplice Bastazoa cybersecurity startup firm primarily based in Fayetteville, Arkansas, to collectively develop an AI-driven automated vulnerability administration and restoration platform to raised shield industrial management methods (ICS) from ransomware and different cybersecurity assaults. The joint answer will mix Bastazo’s risk simulation and detection capabilities with Salvador Applied sciences’ fast restoration framework.
Salvador Applied sciences experiences that this joint product growth collaboration will develop on the corporate’s rapid cyber-attack recovery solution for ICS and OT networks. The corporate’s patented fast restoration expertise gives three important layers of protection, making certain the operational continuity of workstations and servers of crucial infrastructures and manufacturing methods.
The innovation behind Salvador Applied sciences’’ fast restoration applied sciences relies on the experience of the corporate’s two founders, Alex Yevtushenko and Oleg Vusiker, who each served over ten years within the Nationwide Cyber Unit and elite Intelligence Corps of the Israel Protection Forces (IDF).
“This funding award from the BIRD Foundation is a significant recognition for us and brings together the two revolutionary cybersecurity concepts from our company and Salvador Technologies,” mentioned Philip Huff, co-founder of Bastazo. “The product that we are co-developing will help companies better see the weaknesses in their ICS and OT networks that allow ransomware to penetrate into their critical networks and recover rapidly from inevitable attacks.”
The funding for this grant was awarded by the BIRD Basis by way of its BIRD Cyber Program. This program is a joint initiative of the US Division of Homeland Safety (DHS) Science and Know-how Directorate (S&T), the Israel Nationwide Cyber Directorate (INCD) and the BIRD Basis.
“The BIRD Cyber program advances the US-Israeli partnership through cyber innovation and collaboration in order to build more secure and resilient critical infrastructure for the benefit of both countries,” mentioned Jaron Lotan, Government Director of the BIRD Basis. “As a result of a comprehensive selection process, we are proud to award this grant to Salvador Technologies and Bastazo from this important program.”
“As we ramp up our penetration into the US market, this grant is an amazing achievement for us and we are very proud to be representing Israel cyber innovations,” mentioned Alex Yevtushenko, CEO of Salvador Applied sciences. “We are currently expanding our sales and support teams across the US and this recognition from the BIRD Foundation serves as an important cornerstone for our entry into the US market.”
About Salvadore Applied sciences
Salvador Applied sciences gives breakthrough technological options for operational continuity and cyber-attack restoration for Industrial Management Programs (ICS) and Operational Know-how (OT), making certain a simple validation of the backup integrity with an instantaneous restoration check. The patented air-gap expertise allows a full 30-second restoration from any situation. The corporate’s experience relies on greater than ten years of expertise within the Nationwide Cyber Unit and elite intelligence corps of the Israel Protection Forces (IDF) and on the fervour for contributing to the worldwide cyber safety agenda. For extra info, please go to www.salvador-tech.com.
Date: 2023-09-21 17:18:00