Microsoft acquires CyberX to boost IoT security
June 24, 2020
Microsoft is acquiring CyberX, a Massachusetts-based IoT and OT security company.
By integrating the CyberX platform with the Azure IoT stack, Azure Security Center for IoT and Azure Sentinel with native IoT support, Microsoft says it will now provide a simpler approach to unified security governance across both IT and industrial networks, as well as end-to-end security across managed and unmanaged IoT devices, enabling organisations to detect and respond quickly to threats in converged networks.
As enterprises implement digital transformation and Industry 4.0 for greater efficiency and productivity, boards and management teams are increasingly concerned about the financial and liability risk resulting from the deployment of massive numbers of connected IoT and OT devices. Adversaries targeting this expanded attack surface can cause corporate impact including safety and environmental incidents, costly production downtime, and theft of sensitive intellectual property.
“CyberX’s technology and team are a great addition to Microsoft,” said Michal Braverman-Blumenstyk, Microsoft corporate vice president. “With CyberX’s expertise and innovative platform, together with Microsoft’s exciting security products, Microsoft is offering a powerful and scalable solution that accelerates digitalisation for enterprises at all phases of their IoT and OT journey.”
Founded in 2013, CyberX grew with some of the world’s largest enterprises adopting its IoT and OT security platform to secure their facilities. Leveraging patented IoT and OT-aware behavioural analytics, CyberX’s agentless technology deploys in minutes to deliver deep visibility into IoT and OT risk, including asset discovery, vulnerability management and continuous threat monitoring, with zero impact due to its passive network traffic analysis approach.
CyberX’s founders Nir Giller and Omer Schneider will join Microsoft and the platform will continue to be enhanced and supported by CyberX personnel.
“Nir and I founded CyberX with the goal of delivering a scalable solution that would be easy to deploy and reduce risk for enterprises worldwide,” said Schneider, CEO of CyberX. “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 on-going support.”
Giller, CTO of CyberX, added: “By joining forces with Microsoft, we will rapidly scale our business and technology to securely enable digital transformation for many more organisations. Together, CyberX and Microsoft provide an unbeatable solution for gaining visibility and a holistic understanding of risk for all IoT and OT devices in your enterprise.”
Microsoft says it will continue working with CyberX’s strategic reseller and technology partners worldwide. The CyberX platform will continue to be available in a hybrid model supporting cloud-connected and air-gapped networks.
CyberX was funded by Norwest Venture Partners, Qualcomm Ventures, Flint Capital, Glilot Capital Partners, Inven Capital and OurCrowd.