Cervello, an Israel-based railway cybersecurity start-up, has raised $4.5m in a seed funding round to accelerate its global expansion.
The start-up secured the investment from local firm North First Ventures and Awz Ventures of Canada. Comsec Group founder Nissim Bar-El also participated in the round.
Besides funding its international expansion, Cervello plans to utilise the funds to further develop its cybersecurity technologies.
Established in 2017, Cervello focuses on addressing security vulnerabilities in the critical railway systems. Its solutions offer continual monitoring of rail and metro operational networks, facilitating threat detection and subsequent response times.
Based at the IDC Herzliya institute in Israel, the company aims to mitigate the growing railway-hacking trend that may jeopardise train operations and even lead to the loss of human life.
Cervello CEO Roie Onn said: “As operators further digitise their infrastructures, the railway industry is adopting an active approach towards both the security of its critical systems and international compliance.
“The Cervello Dashboard provides operators with full visibility of their railway signalling systems and critical assets and alerts on cyber incidents in the day to day operation.
“The solution can be either added to support existing rail equipment or installed during the manufacturing and design process.”
Currently, the former Israel Railways CISO (Cyber Director) Israel Baron is leading the company’s business development activity.
Last month, another Israel-based rail cybersecurity services provider Cylus raised $12m in a Series A funding round. It will use the proceeds to bolster its footprint in the European Union, the US and Asia-Pacific region.