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Microsoft acquires CyberX, a Boston based IoT Security Company

Microsoft acquires CyberX, a Boston based IoT Security Company

Microsoft

Microsoft has acquired CyberX, a Boston based IoT Security Company. The financial terms of the transaction were not disclosed.

CyberX is founded by the Omer Schneider in 2013. It offers large enterprises with an IoT security platform to secure their facilities across the globe. According to CrunchBase, the company has secured a total of $47 million in five funding rounds.

The company was backed by Qualcomm Ventures, Glilot Capital Partners, OurCrowd, Inven Capital, Norwest Venture Partners, and Flint Capital.

Executive Opinion

Michal Braverman-Blumenstyk, Corporate Vice President, Cloud & AI Security CTO, and Israel R&D Center GM said, "CyberX’s technology and team are a great addition to Microsoft. With CyberX’s expertise and innovative platform, together with Microsoft's exciting security products, Microsoft is offering a powerful and scalable solution that accelerates digitalization for enterprises at all phases of their IoT/OT journey."

Omer Schneider, co-founder, and CEO of CyberX, said, "Nir and I founded CyberX with the goal of delivering a scalable solution that would be easy to deploy and reduce the risk for enterprises worldwide. We’re thankful to our loyal customers and partners as well as to our dedicated employees whose innovation and hard work made it possible for us to reach this important milestone, and also to our investors for their ongoing support."

Microsoft's CyberX Acquisition

According to the deal, CyberX IoT aware behavioral analytics platform integrates with the Azure security to deliver end to end security across the managed and unmanaged IoT devices, notes the announcement. 

With this deal, CyberX founders will join Microsoft, and the platform will continue to be enhanced and supported by CyberX personnel.

The platform will even continue to be available in a hybrid model supporting both the cloud-connected and air-gapped networks.


PC: Pablo, Unsplash

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Udit Agarwal Opinions expressed by techsutram contributors are their own. More details

Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to Techsutram. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.

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