Israel Aerospace Industries (IAI) is investing millions of dollars in two cyber companies in the Netherlands and Hungary. The investments, which are carried out through the IAI's Cyber Division, are meant to expand IAI's cyber R&D and its global footprint in this field.
In the Netherlands, IAI is investing in Inpedio BV, a provider of cybersecurity solutions to governments and enterprises. Inpedio BV offers 'Zerox', which detects and stops exploitation attempts without a set of signatures, thus addressing the unknown and known vulnerabilities the same time. Using Zerox' anti-ransomware detection and prevention module provides a novel solution to this emerging threat. Inpedio's 'Mercury' product works with a multilayer approach to protect cellular iOS and Android devices from sophisticated attacks by integrating the protection layers of the devices with those of network and communications layers.
In Hungary, IAI is investing in Cytrox, which provides governments with operational cyber solutions for the design, management, and implementation of cyber intelligence as well as innovative engines for gathering intelligence from end devices and cloud services.
The new investments add to IAI's existing cyber operations in Israel, Switzerland, and Singapore. Secura Group from Singapore has recently invested $4.5 million in Custodio Technologies, IAI's R&D center in Singapore, in exchange for 20% of its shares.
Esti Peshin, General Manager of IAI's Cyber Division, said, "The investments in local software companies form the basis for expanding our R&D into fields that complement our Israeli operations while reinforcing our European representations in advancing joint business activities. In the same way, Secura Group's investment in our R&D center in Singapore allows us to advance the development of early warning technologies and our positioning in Singapore's business community."