Cylus, an Israeli startup engaged in the development of cyber-security solutions for the railway industry, has raised $4.7m in seed funding.
The company plans to use the funding to continue its work on addressing various cyber-security challenges faced by the rail industry.
Magma Venture Partners, Vertex Ventures, the SBI Group and private investor Zohar Zisapel participated in the fundraising round.
Cylus CEO Amir Levintal said: “Current approaches to cyber-security do not fit the architecture of railway networks today.
“Our team of world-class cyber specialists, together with rail industry experts, have tailored a solution to the industry’s unique requirements.
“Our solution enables rail companies to detect cyber-attacks in their operational network, including their signalling systems and rolling stocks, and block attackers before they can cause any damage.”
Railways worldwide have begun to adopt automated, wireless and connected technologies in recent years, which has made them vulnerable to cyber-attacks.
Any form of cyber-attack has the potential to threaten passenger safety, disrupt normal operations and even cause economic damage.
The rise in threat levels has raised awareness of the need for operators to enhance cyber-security systems across the rail industry.
Cylus was founded last year and intends to focus on providing rail network protection solutions to the rail sector, which currently operates using conventional components and communication protocols that are not designed to handle modern cyber-security risks.
Cylus president Boaz Zafrir said: “Railway companies cannot compromise on passenger safety, and one of the pillars of passenger safety is cyber-security.
“Railway executives are acutely aware of the dangers and are looking for answers.”