Cyberbit Raises $30 Million from Claridge Israel
This investment will facilitate Cyberbit’s ability to meet the rising demand for its product line, as well as expand sales and marketing operations, enhance customer and partner support, and boost development
IsraelDefense
| 04/06/2018
Photo: Cyberbit
Elbit Systems announced on Monday that it’s wholly-owned subsidiary, Cyberbit, raised a $30 million investment from the private equity investor Claridge Israel. Engaged in the cybersecurity area, Cyberbit provides the Cyberbit Range cyber training and simulation solution and a consolidated detection and response platform that protects an organization’s entire attack surface across IT, OT and IoT networks.
This investment will facilitate Cyberbit’s ability to meet the rising demand for its product line, as well as expand sales and marketing operations, primarily in North America, enhance customer and partner support, and boost development.
Oded Tal, Managing Partner of Claridge Israel, will join Cyberbit’s board of directors.
Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems, commented: “We see the cybersecurity field as a growth engine. We are encouraged by the technological and business achievements of Cyberbit in recent years, led by the rapid adoption of the market-leading cyber training and simulation solution – the Cyber Range. I am confident that the partnership with Claridge Israel will lead Cyberbit to even greater achievements.”
This investment will facilitate Cyberbit’s ability to meet the rising demand for its product line, as well as expand sales and marketing operations, enhance customer and partner support, and boost development
Photo: Cyberbit
Elbit Systems announced on Monday that it’s wholly-owned subsidiary, Cyberbit, raised a $30 million investment from the private equity investor Claridge Israel. Engaged in the cybersecurity area, Cyberbit provides the Cyberbit Range cyber training and simulation solution and a consolidated detection and response platform that protects an organization’s entire attack surface across IT, OT and IoT networks.
This investment will facilitate Cyberbit’s ability to meet the rising demand for its product line, as well as expand sales and marketing operations, primarily in North America, enhance customer and partner support, and boost development.
Oded Tal, Managing Partner of Claridge Israel, will join Cyberbit’s board of directors.
Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems, commented: “We see the cybersecurity field as a growth engine. We are encouraged by the technological and business achievements of Cyberbit in recent years, led by the rapid adoption of the market-leading cyber training and simulation solution – the Cyber Range. I am confident that the partnership with Claridge Israel will lead Cyberbit to even greater achievements.”
