SynSaber, an early-stage ICS/OT cybersecurity and asset monitoring company, has nabbed $13m for its Series A round.
SYN Ventures led the round with participation coming from Rally Ventures and Cyber Mentor Fund.
With the close of the round, the company has raised $15.5m in total investment.
This fresh capital will support the innovation efforts, expand its global footprint, grow sales, marketing and development, and build customer momentum and industry research.
The CyberTech company was founded in 2021 by industry veterans Ron Fabela and Jori VanAntwerp. They released the first version of their operational technology (OT) visibility and detection solution in February 2022.
Its vendor-agnostic software allows critical infrastructure asset owners and operators to send OT edge data to empower their SIEM, SOAR or MSSP, it said.
The company offers asset and network monitoring that supplies continuous insight into the status, vulnerabilities and threats across every point in the ecosystem.
SynSaber co-founder/CEO Jori VanAntwerp said, “We’re honoured and deeply grateful for the continued support from our investors and their dedication to accelerating SynSaber’s innovation capabilities.
“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.”
SYN Ventures recently closed a $300m investment fund, as it seeks cybersecurity startups to back. The company has focused the new vehicle on companies developing solutions in cybersecurity, industrial security, national defence, privacy, data governance firms and regulatory compliance.
Some of the companies in its portfolio are Adlumin, Halcyon, Matabase Q, Netography, Pangea, Boldend and Query.ai.
There have been many CyberTech companies to raise capital this year. Earlier this week, Aceiss closed its seed round on $3.25m. The company also unveiled its flagship solution, which solves the problem of access observability and mitigates the risk of unauthorised user access.
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