Microsoft is Taking Over IoT Security Company CyberX
Microsoft is taking over Israeli CyberX. The latter focuses on the security of IoT and industrial machines.
How much Microsoft will pay for the acquisition is unknown, but Techcrunch sources say it is $ 165 million. According to the site, there were rumours of a takeover for several months, but initially for $ 150 million.
CyberX was originated in 2013 by Omer Schneider (CEO) and Nir Giller (CTO) and has raised investments of $ 48 million in recent years.
The company specializes in detecting, stopping and predicting security breaches on IoT and industrial networks. It is active among others with energy companies, telecom players, chemical companies and industrial players with many unmanned machines.
It uses artificial intelligence to apply behavioural analysis, among other things, to monitor networks and to detect abnormal behaviour.
Microsoft and CyberX have been working together for a short time.
According to Techcrunch, the Azure cloud platform was integrated into the CyberX ecosystem in March. In the future, the security company will become part of the Azure IoT security offering.