IoT
2/12/2018
10:44 AM
Dark Reading
Dark Reading
Products and Releases
50%
50%

Aperio Systems Announces $4.5M Strategic Investment for Next Generation Cybersecurity Intrusion Protection System to Secure Critical Infrastructure

Investments from leading global energy company EDP and deployments on three continents reflects growing demand worldwide to secure industrial control systems against the most sophisticated attacks

Haifa, Israel, February 7, 2018 - Aperio Systems, the company providing the last line of defense for securing critical infrastructure, today announced a strategic investment from Energias de Portugal (EDP), one of Europe’s largest utilities. EDP was joined in the round of financing by Data Point Capital, a venture fund with deep cybersecurity expertise from Siemens, expansion stage venture firm Jump Capital with strong Enterprise Infrastructure focus, and Scopus Ventures, a venture fund investing in category-defining companies. The $4.5 Million in seed funding will support Aperio Systems’ global growth and the introduction of its next-generation Intrusion Protection System (IPS for SCADA).

Following highly successful beta programs across sites in EMEA, Aperio Systems has moved to the installation phase at some of the world’s largest utilities. EDP’s investment follows a successful pilot program with Aperio Systems to protect thermal generation assets.

“Aperio Systems impressed us as truly innovative during a successful pilot in which the system was rigorously tested and showed its ability to prevent sophisticated attacks,” said Luís Manuel, Executive Board Member at EDP Inovação.  

Headline-making cyberattacks have demonstrated that attackers are able to penetrate critical systems. Once attackers breach a system, the only way to cause severe and long-lasting damage is to blind operators by falsifying operational sensor data. Aperio Systems’ proprietary Intrusion Protection System based on Data Forgery Protection (DFP) technology detects artificial manipulations of industrial process data. From the rate of gas flow at a petroleum refinery, to the temperature and spin rates of turbines in a power plant, or the chlorine level of water supply networks, Aperio Systems delivers the last line of defense in protecting critical assets against insider and external threats.

“The utility sector is embracing the digital world at an incredible speed — with devices including smart meters, smart home devices, and smartphones — making us ever more dependent on sensors to run and secure our most critical systems from malicious attacks and damage,” said EDP’s Manuel. “By protecting critical assets – be they isolated systems or IoT connected to physical systems – Aperio Systems offers resilience along with peace of mind. As a customer, and now investor, EDP is proud to partner with Aperio Systems to accelerate its growth globally.”

Data Point Capital, a Boston-based venture capital fund affiliated with Leonardo DiCaprio, has an impressive leadership team that includes Managing Partner Mike Majors, known for his previous role at Siemens Venture Capital where he was founder and head of the $100 million early-stage Industry of the Future Fund and one of the most active global investors in cybersecurity for critical infrastructure. Scopus Ventures is an LA-based firm with a team that collectively holds more than 80 years of operating and investing experience in enterprise technologies. Jump Capital is an early and growth stage firm that focuses on data-driven, enterprise software companies across a breadth of industries.

“There is a global need to protect every critical control system from internal and external cyber threats and malicious actors,” said Bahram Nour-Omid, Managing Partner, Scopus Ventures. “Aperio Systems’ founders are exceptional technologists and visionaries, whose AI based approach, requiring no new hardware, provides exceptional protection for critical infrastructure against potentially catastrophic attacks.”

EDP, Data Point Capital, Jump Capital and Scopus Ventures join a consortium of private investors, including prominent cybersecurity veterans Doron Bergerbest-Eilon, Liran Tancman, and Shlomi Boutnaru.

“We are thrilled by EDP’s vote of confidence and are excited by the possibilities offered through the investments from EDP, Data Point Capital and Scopus Ventures, which allow us to expand Aperio Systems’ presence globally to secure critical infrastructure and ensure data quality,” said Michael Shalyt, CEO Aperio Systems. "This past year has demonstrated without a doubt that physical assets are the true targets of attacks against critical infrastructure. You don't target nuclear plant engineers to steal credit cards. Securing critical infrastructure has tangible financial, social, and even life-or-death implications. We are heartened to see the heavy industries are gaining awareness of the threats and taking them seriously."

Since emerging from stealth in November 2016 Aperio Systems has garnered a stream of awards and accolades, including:

·  Gartner Cool Vendor in Digitalization Through Industrie 4.0

·  Most Innovative Energy Startup - Free Electrons

·  Hot Company in ICS/SCADA - Cyber Defense Magazine InfoSec Award

·  CyberTech 2017 Startup Challenge Winner

·  Global utility Enel’s Cybersecurity Hackathon Winner

·  Government Security News award winner, 2016

·  ASTORS Homeland Security Award. Platinum Award Winner, Best Cyber Critical Infrastructure Solution.

 

About Aperio Systems 

Aperio Systems secures critical infrastructure systems against internal and external cybersecurity threats by ensuring ironclad operational data integrity.  Integrating into existing SCADA and industrial control solutions, its Data Forgery Protection (DFP) technology reveals the true state of ICS systems in the face of malicious manipulation.  Providing a last line of defense against sophisticated cyberattacks, Aperio Systems dramatically lowers the risk of shutdowns and service outages – delivering operational continuity and maximum system resilience.  More information at http://www.aperio-systems.com.

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
Veterans Find New Roles in Enterprise Cybersecurity
Kelly Sheridan, Staff Editor, Dark Reading,  11/12/2018
Understanding Evil Twin AP Attacks and How to Prevent Them
Ryan Orsi, Director of Product Management for Wi-Fi at WatchGuard Technologies,  11/14/2018
7 Free (or Cheap) Ways to Increase Your Cybersecurity Knowledge
Curtis Franklin Jr., Senior Editor at Dark Reading,  11/15/2018
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
Current Issue
Flash Poll
Online Malware and Threats: A Profile of Today's Security Posture
Online Malware and Threats: A Profile of Today's Security Posture
This report offers insight on how security professionals plan to invest in cybersecurity, and how they are prioritizing their resources. Find out what your peers have planned today!
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2018-18519
PUBLISHED: 2018-11-19
BestXsoftware Best Free Keylogger 5.2.9 allows local users to gain privileges via a Trojan horse "%PROGRAMFILES%\BFK 5.2.9\syscrb.exe" file because of insecure permissions for the BUILTIN\Users group.
CVE-2018-19355
PUBLISHED: 2018-11-19
modules/orderfiles/ajax/upload.php in the Customer Files Upload addon 2018-08-01 for PrestaShop (1.5 through 1.7) allows remote attackers to execute arbitrary code by uploading a php file via modules/orderfiles/upload.php with auptype equal to product (for upload destinations under modules/productfi...
CVE-2008-7320
PUBLISHED: 2018-11-18
** DISPUTED ** GNOME Seahorse through 3.30 allows physically proximate attackers to read plaintext passwords by using the quickAllow dialog at an unattended workstation, if the keyring is unlocked. NOTE: this is disputed by a software maintainer because the behavior represents a design decision.
CVE-2018-19358
PUBLISHED: 2018-11-18
GNOME Keyring through 3.28.2 allows local users to retrieve login credentials via a Secret Service API call and the D-Bus interface if the keyring is unlocked, a similar issue to CVE-2008-7320. One perspective is that this occurs because available D-Bus protection mechanisms (involving the busconfig...
CVE-2018-19351
PUBLISHED: 2018-11-18
Jupyter Notebook before 5.7.1 allows XSS via an untrusted notebook because nbconvert responses are considered to have the same origin as the notebook server. In other words, nbconvert endpoints can execute JavaScript with access to the server API. In notebook/nbconvert/handlers.py, NbconvertFileHand...