# SCADAfence

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/scadafence

- Industry: IT Security/Cybersecurity
- Headquarters: New York, US
- Website: www.scadafence.com/
- Total disclosed funding: $22M
- Latest round: Series B (Mar 22, 2021)
- Investors on record: 7

## About

SCADAfence Ltd. is a cybersecurity firm specializing in operational technology (OT) solutions, providing organizations with robust protection against cyber threats in industrial environments.Based in New York, US, SCADAfence Ltd. offers cybersecurity solutions tailored for operational technology environments. The company was founded in 2014 by Ofer Shaked and has completed a total of 6 funding rounds. In July 2023, Honeywell International Inc. agreed to acquire SCADAfence Ltd from Connecticut Innovations, iAngels Crowd Ltd, NexStar Partners, Mitsui Fudosan Co., Ltd., DS Strategic Partners, Global Brain, Jerusalem Venture Partners, Prosegur Ventures, Rapid7 LLC, Fujitsu Ventures, Mitsubishi Electric and HCS Capital Partners. Financial terms were not disclosed. This acquisition aims to enhance both operational technology and cybersecurity capabilities.SCADAfence Ltd. provides comprehensive cybersecurity solutions specifically designed for operational technology (OT) environments, focusing on near real-time visibility into threats, vulnerabilities, and anomalous behaviors within industrial control systems (ICS). Its offerings include advanced monitoring capabilities and automated asset discovery, tailored to sectors such as manufacturing, energy, and healthcare, and marketed globally, particularly in regions advancing industrial automation and cybersecurity.SCADAfence’s revenue model is primarily subscription-based, involving software licenses, deployment services, and ongoing technical support. This allows clients to maintain continuous access to updated cybersecurity measures and compliance monitoring tools under agreements that cover multiple sites, ensuring centralized oversight of their cybersecurity posture.Following the acquisition by Honeywell International Inc. in July 2023, SCADAfence plans to leverage the new partnership to expand its product offerings and enhance its operational strategies. The company aims to introduce new cybersecurity solutions designed for operational technology environments, focusing on a broader market reach across North America, Europe, and Asia-Pacific, with the goal of reinforcing its position in the industrial cybersecurity sector. The funding from the acquisition is expected to support these initiatives and facilitate further technological advancements.

## Funding rounds

- Series B, Mar 22, 2021, $12M — Jerusalem Venture Partners, Rapid7 LLC
- Series A, Nov 21, 2017, $10M — Jerusalem Venture Partners, Global Brain, iAngels Crowd Ltd, NexStar Partners, Mitsui Fudosan Co., Ltd., DS Strategic Partners
- Seed, Apr 1, 2015 — Jerusalem Venture Partners

## Investors

- Jerusalem Venture Partners (https://capitalatlas.ai/funds/jerusalem-venture-partners) — Seed, Series A, Series B
- Global Brain (https://capitalatlas.ai/funds/global-brain) — Series A
- iAngels Crowd Ltd — Series A
- NexStar Partners (https://capitalatlas.ai/funds/nexstar-partners) — Series A
- Mitsui Fudosan Co., Ltd. — Series A
- DS Strategic Partners (https://capitalatlas.ai/funds/ds-strategic-partners) — Series A
- Rapid7 LLC — Series B