Security News > 2021 > August > OT Security Firm SIGA Raises $8.1 Million in Series B Funding Round
SIGA OT Solutions, an Israel-based company that specializes in operational technology cybersecurity solutions, on Monday announced raising $8.1 million in a Series B funding round.
The latest investment, which brings the total raised by the firm to $15 million, was led by Dutch investment firm PureTerra Ventures, with participation from Israeli venture fund SIBF, Moore Capital, and Germany-based industrial solutions provider Phoenix Contact.
SIGA has developed a SaaS solution designed to detect anomalies that could indicate cyberattacks or operational faults in industrial processes and critical infrastructure by monitoring Level 0 electrical signals.
"Level 0 is the richest and most reliable level of process data within any operational environment," SIGA explained.
SIGA claims its solution - available based on a monthly subscription fee - has already been used by organizations around the world, including the New York Power Authority, Israel Electric Corporation, Singapore's water company, Israel's water infrastructure operator, and organizations in the chemical, government, and defense sectors.
Eduard holds a bachelor's degree in industrial informatics and a master's degree in computer techniques applied in electrical engineering.