Source: www.securityweek.com – Author: Ryan Naraine
Galvanick, an early-stage startup working on an Extended Detection & Response (XDR) platform for industrial infrastructure, has scored $10 million in venture capital financing.
The Los Angeles company, co-founded by cybersecurity veterans from the U.S. government and Amazon, said the seed-stage funding came from multiple investment firms, including MaC Venture Capital, Founders Fund, Village Global and Countdown Capital.
Galvanick plans to use the funding to expand engineering staff to build a modern detection and response platform geared specifically for critical infrastructure deployments.
The company said its founding team decided to work on an industrial-specific security platform to address the shortage of cybersecurity talent in the ICS space and the lack of tooling to analyze disparate industrial data streams in real time.
Galvanick said its initial product is capable of aggregating data from industrial assets and environments, and continuously monitoring that data for signs of malicious threats.
“[We will enable] both operations and IT/security teams to quickly understand the difference between, and context around, normal and malicious behavior,” the company said.
Galvanick said its engineering team at Galvanick comes from Amazon, Google, Uber, and Bechtel, and has experience securing industrial systems against cyber attacks.
Related: Industrial Cybersecurity Market Expected to Soar in Next Decade
Original Post URL: https://www.securityweek.com/galvanick-banks-10-million-for-industrial-xdr-technology/
Category & Tags: Funding/M&A,ICS/OT – Funding/M&A,ICS/OT
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