Microsoft today announced that it is acquiring CyberX, a platform for protecting industrial systems control. Terms of the deal have not yet been disclosed, but TechCrunch claims the amount is as high as $165 million.
The acquisition strengthens Microsoft's strategic position in the stand-alone market, which it entered in 2018 with the purchase of Bonsai (now Project Bonsai). The Project Bonsai team applies AI technology to industrial control systems, and CyberX's technology promises to protect these control systems from cyberattacks.
"CyberX will complement the existing ones possibilities ασφάλειας του Azure IoT αλλά και σε υπάρχουσες συσκευές, όπως εκείνες που χρησιμοποιούνται σε βιομηχανικές εφαρμογές IoT, επιχειρησιακή τεχνολογία και υποδομές”, said Michal Braverman-Blumenstyk, CVP of Microsoft Cloud and AI, and Sam George, head of Azure IoT.
"With CyberX, our customers will be able to discover existing IoT components, manage and improve the security of these devices."
CyberX was created in 2012 by Omer Schneider and Nir Giller (two veterans of the elite cyber unit of the Israel Defense Forces), and aims to stop any attack on platforms that monitor any control systems.
CyberX claims to be able to provide information on each incident in less than an hour, on average. Prior to the acquisition, its customers included two of the top five US energy providers, a leading global pharmaceutical company, a leading US chemical company, national electricity and gas companies across Europe and Asia.
