# SIGASEC

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

- Industry: IT Security/Cybersecurity
- Headquarters: Wilmington, US
- Website: www.sigasec.com
- Total disclosed funding: $8.1M
- Latest round: Series B (Aug 9, 2021)
- Investors on record: 4

## About

Based in the US, SIGASEC Ltd. specializes in Operational Technology cybersecurity, focusing on safeguarding critical infrastructure from cyber threats through innovative monitoring solutions.SIGASEC Ltd. provides cybersecurity solutions specifically for Operational Technology. Established in 2014, the company is headquartered in Wilmington, US. The CEO, Amir Samoiloff, leads the firm, which has undergone no significant business pivots or changes. The company secured USD 8.1 mn in Series B funding in August 2021, led by PureTerra Ventures with participation from Moore Capital Management - Private Equity, Phoenix Contact Innovation Ventures, and Southern Israel Bridging Fund, bringing the total amount raised to USD 8.1 mn across 2 deals.SIGA specializes in Operational Technology (OT) cybersecurity, offering its flagship product, SigaGuard. This product enhances the resilience of critical infrastructure by monitoring electrical signals directly from Level 0, the physical layer of industrial processes. SigaGuard enables rapid detection of cyber-attacks that traditional monitoring techniques might miss, and is utilized in sectors including energy, water, chemicals, and manufacturing across North America, Europe, and the Middle East. Through continuous monitoring and anomaly detection, SIGA ensures the integrity and continuity of critical processes, addressing issues such as cyber breaches and equipment malfunctions.SIGA generates revenue through a subscription-based model for its SigaGuard product, providing clients with ongoing access to anomaly detection and cybersecurity services. The transactions are structured as B2B relationships with industrial, commercial, and critical infrastructure entities, where clients invest in customizable packages tailored to their operational needs. This approach ensures a predictable revenue stream for the company as it delivers its cybersecurity solutions.In August 2021, SIGASEC Ltd. raised USD 8.1 mn in Series B funding to support its growth initiatives. The company plans to expand its presence in new geographic regions, targeting additional markets in Europe and the Middle East by 2023. The recent funding will be utilized to enhance product development, including the design and launch of new functionalities for SigaGuard, aimed at improving cybersecurity measures for clients in various industrial sectors.

## Funding rounds

- Series B, Aug 9, 2021, $8.1M — Moore Capital Management - Private Equity, Phoenix Contact Innovation Ventures, PureTerra Ventures, Southern Israel Bridging Fund

## Investors

- Moore Capital Management - Private Equity — Series B
- Phoenix Contact Innovation Ventures (https://capitalatlas.ai/funds/phoenix-contact-innovation-ventures) — Series B
- PureTerra Ventures (https://capitalatlas.ai/funds/pureterra-ventures) — Series B
- Southern Israel Bridging Fund (https://capitalatlas.ai/funds/southern-israel-bridging-fund) — Series B