Cyber security company serving IIoT clients grabs $18M Series B

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CyberX, an IIoT and industrial control system (ICS) security company raised a $ 18M Series B round led by Norwest Venture Partners, early investors in cybersecurity leaders FireEye and Fireglass (acquired by Symantec). Existing investors that participated in the round include Glilot Capital Partners, Flint Capital, ff Venture Capital, and OurCrowd.

To date, CyberX raised a total of $ 30M in venture funding. The company plans to use the proceeds to expand in the United States and Europe, product development, and to grow security research and threat intelligence teams.

CyberX’s continuous ICS threat monitoring platform uses ICS-specific self-learning that enables it to map and predict information security threats (in operational technology) in less than an hour.

A key factor that differentiates CyberX is it does not rely on rules, specialized skills, or any prior knowledge of a user’s environment.

The company’s target market includes companies from energy, oil & gas, and manufacturing. The customers can protect their operational technology from attackers performing cyber reconnaissance to sniff passwords and crucial network credentials.

CyberX Sanbox

It appears that cyber incidents like WannaCry and NotPetya have made executives from legacy industries like manufacturing and oil & gas nervous. There are reasons for the worry.The latest research by CyberX, based on analyzing 375 industrial control networks via Network Traffic Analysis (NTA), reveals that every one out of three industrial sites is connected to the public internet making it vulnerable to cyber-attacks. The company also found that un-patchable Windows operating system is found everywhere in the industrial settings. It reported such systems can be easily compromised by malware such as WannaCry/NotPetya.

“As a top-tier global VC, NVP’s investment in CyberX is recognition that we are successfully delivering differentiated technology and expertise enabling us to win over the world’s most sophisticated and demanding customers.” Omer Schneider, CyberX co-founder and CEO.

Pointing towards CyberX’s technology, Dror Nahumi, general partner at Norwest Venture Partners dais that “there is a growing need in many enterprises to connect their IIoT and ICS networks to corporate IT networks for performance, monitoring, and manageability reasons. This trend creates a new security risk which requires a modern, IIoT-optimized, security solution”.


Postscapes: Tracking the Internet of Things

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FieldIn AgTech startup grabs $4M in new funding

Fieldin, an end-to-end pest management software using sensors to automatically record field data to make any tractor smart raised $ 4M in new funding. The round was co-lead by Gal Ventures and Germin8 Ventures.

Record and organize notes automatically on a native mobile app synced to the cloud.

Fieldin operates in the AgPest (Agricultural Pesticide) market and monitors pesticide and sprays used by professional specialty crop farmers. Designed essentially for perennial crops and primarily aimed towards for orchard, grove and vineyard growers.

The startup uses its sensor-based device appended to tractors to provide real-time speed, location, coverage and efficiency logs. It then uses the data to recommend spray methods and routine helping to correct spraying mistakes. The cloud-based software of Fieldin can be used to gain a situational view of pest levels, spray history and hotspots.

Performance reports summarizing activity trends and patterns

One of the key factors that are helping Fieldin gain a leg up over its competitors is the number of ‘sprayed acres’ it has monitored over the past two years (which according to the startup’s own estimate equals 1 million). This has helped the startup create a vast ‘AgPest Dataset’.

“Our AgPest dataset has reached a critical-mass coverage that enables us to provide unique insights on crops, chemicals, and geographies. We started our initial activities in Israel and expect to cover over 40 percent of the citrus and vine markets in 2018. Fieldin is rapidly expanding to the US, Europe and Africa, and has landed major contracts with some of the biggest names in the industry.”
Boaz Bachar, Founder and CEO of FieldIn.

There’s been an uptick in the number of AgTech startups using a combination of hardware and software to provide farm data. Farmobile that raised a $ 18.1M Series B in Nov last year also uses a small device called PUC that installs on farm machinery. It then collects data wirelessly and relays to its cloud platform where it uses analytics to help farmers take corrective actions.

Similarly, the Australian startup The Yield raised $ 6.5M Series A funding in April last year where by the startup provides on-farm sensors and hardware with an advanced data analytics platform for farmers to improve crop yield and reduce weather-related uncertainty.


Postscapes: Tracking the Internet of Things

Giveaway: Enter to win a pair of custom painted AirPods from BlackPods (2 pairs are up for grabs)

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It’s time for another giveaway! BlackPods is partnering with AppleInsider this week to offer readers the chance to win a pair of BlackPods (AirPods finished with a military-grade coating) in Classic or Stealth. Two pairs are up for grabs — enter today for your chance to win.
AppleInsider – Frontpage News

Giveaway: 2 Pairs of BlackPods (customized AirPods) are up for grabs, enter today for your chance to win

Article Image

BlackPods is partnering with AppleInsider this week to offer readers the chance to win a pair of BlackPods (AirPods finished with a military-grade coating) in Classic or Stealth. Two pairs are up for grabs — enter today for your chance to win.
AppleInsider – Frontpage News

Opinion: Motorola’s Z phones are quickly becoming little more than Mod money grabs

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Motorola announced the Z2 Force at an event in New York City yesterday, ostensibly the 2017 flagship for the struggling smartphone brand, following up the Z and Z Force of 2016. The Z series is notable both for marking a major transition of Moto’s flagship strategy, but also for the Moto Mods that underpinned the alleged reasoning behind that shift.

Motorola loves to toss out figures about the adoption rate for Moto Mods, but it hasn’t issued any real solid ones in regard to which Mods people are using or how often they’re using them.

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Opinion: Motorola’s Z phones are quickly becoming little more than Mod money grabs was written by the awesome team at Android Police.

Android Police – Android News, Apps, Games, Phones, Tablets

Industrial IoT startup Augury grabs $17 million in Series B funding

Augury, New York and Haifa, Israel-based platform for mechanical diagnostics of Internet of Things has closed $ 17 million Series B round. It was led by Eclipse Ventures and Munich Re/HSB Ventures. Sound Ventures, First Round Capital, Lerer Hippeau Ventures and Pritzker Group Venture Capital also participated in the round.

iPhone App

The startup plans to use the proceeds to strengthen Original Equipment Manufacturer (OEM) relationships and build strategic partnerships. Augury’s total equity funding has reached 26M in 3 Rounds from 10 Investors.

“This investment perpetuates the commercial application of IIoT technology into what will become an inevitable part of predictive maintenance technology. We are confident that Augury will continue to redefine and lead the future of diagnostics in the Industrial Internet of Things,” said Lior Susan, Managing Partner, Eclipse Ventures.

Auguscope

The company provides solutions which include diagnostics as a service and predictive maintenance. Diagnostics as a service is a “Pay as you go” service subscription service which lets regular maintenance staff perform recording and diagnostics on HVAC and other building machinery.

Industrial IoT startups are scooping a lot of cash from investors. DataRPM, an industrial IoT-focused predictive analytics startup got acquired by Progress for $ 30M and Akua raised $ 3M to secure cargo-based IoT through its predictive analytics technology.


Postscapes: Tracking the Internet of Things