Radiflow News
15 articles
growth-positive
Cisco partners with Radiflow for its OT security expertise
Cybersecurity company Radiflow has announced a technology partnership with Cisco to provide intrusion detection systems (IDS) in Cisco-run operational technology (OT) facilities. The partnership aims to counter growing cybersecurity threats and attacks against OT facilities. Radiflows IDS solution will integrate directly into Ciscos network access control (NAC) system, protecting connected devices in OT networks. The OT security market is expected to grow from $15.5 billion in 2022 to $32.4 billion in 2027. The partnership addresses the need for specific security tools in OT networks and aims to simplify network security and asset management in complex IT-OT networks.
Partners
growth-positive
Sabanci Acquires OT Security Vendor Radiflow - Radiflow
Israeli OT cybersecurity startup Radiflow is being acquired by Sabanci Group in a two-phase process. The initial phase involves a $45 million investment to reach a majority stake in Radiflow, with the second phase aiming to acquire 100% stake by 2025. Radiflow has experienced rapid growth due to increased demand for its OT cybersecurity solutions, doubling its sales in 2021. The companys CIARA Risk Management platform, which provides data-driven digital risk assessment for OT facilities, has been instrumental in its success. The acquisition will allow Radiflow to enhance its portfolio and strengthen its position in critical industries. Sabanci Group plans to create a digital business pillar focused on Advanced Analytics, IoT, and Cybersecurity.
Acquisition
growth-positive
אקזיט בשני שלבים: חברה טורקית תרכוש את רדיפלואו ב-105-85 מיליון דולר
Turkish company Sabanci Group has announced its acquisition of a controlling stake in cybersecurity startup Radiflow. The transaction will be completed in two stages, with Sabanci Group initially investing $45 million in cash, some of which will go into Radiflows treasury and the rest used to purchase existing shareholders stocks. In the second stage, the Turkish company plans to acquire the remaining shares of Radiflow by 2025. The announcement confirms previous reports of the deal, which were published about two weeks ago.
Acquisition
growth-positive
Radiflow and Fraunhofer Institute Launch Joint Research on Applying Artificial Intelligence to Industrial Cybersecurity
Radiflow and the Fraunhofer Institute of Optronics, System Technologies and Image Exploitation (Fraunhofer IOSB) have launched a joint research project to apply advanced machine learning and artificial intelligence to cybersecurity for industrial automation networks. The research will focus on developing methods and techniques for autonomous detection of non-compliant and anomalous behaviors on industrial automation networks. The outcome will be the development of a prototype for an Autonomous Industrial Cybersecurity Assistance System (AICAS) that can detect new and unknown cyberthreats. The research project is funded by the Innovation Authority in Israel and the Federal Ministry of Education and Research in Germany. Radiflow intends to incorporate the new capabilities into its iSID industrial threat detection system.
PartnersInvestment
growth-positive
Radiflow and Asset Guardian Introduce Joint Solution to Enrich Industrial Asset Monitoring and Risk Assessment
Radiflow and Asset Guardian have launched a joint solution to expand industrial asset monitoring, change management, and risk assessment capabilities for industrial enterprises. Radiflows iSID industrial threat detection system and Asset Guardians change management solution are integrated to provide real-time visibility of networked industrial assets and manage software and hardware configurations. The joint solution enhances OT asset monitoring and risk assessment for industrial enterprise customers. Radiflow will be demonstrating the joint solution at the Industrial Control Systems Cyber Security Conference.
Partners
growth-positive
Frost & Sullivan Recognizes Radiflow as Global Customer Value Leader in IT/OT Security for Smart Buildings
Radiflow has been recognized as the Global Customer Value Leader in IT/OT Security for Smart Buildings by Frost & Sullivan. The award highlights Radiflows role in providing cybersecurity protection for smart building operations. Radiflows iSID Industrial Threat Detection System is being used to protect smart buildings, industrial automation networks, and critical infrastructure. The company has launched an OT MSSP partner program to introduce new cybersecurity services for ICS/SCADA systems and OT networks. Radiflow works closely with MSSP partners to implement network mapping, monitoring, and security alert response procedures. The company sees potential for growth in the smart building segment and is pleased with its initial traction in critical facilities. The recognition from Frost & Sullivan confirms Radiflows position in the market.
CustomersPartners
growth-positive
Industrial Cybersecurity Company Radiflow Hires New Vice Presidents
Tel Aviv-based industrial cybersecurity company Radiflow Ltd. has added three new vice presidents to its management team following an $18 million investment round led by ST Engineering Ventures. The company offers cybersecurity services designed to support critical infrastructure and industrial networks in power and water utilities. The new vice presidents include Sarah Moss as VP of marketing, Tsur Segal as VP of strategic sales, and Rani Kehat as VP of business development. Moss previously worked at Sailpoint Technologies Holdings Inc., Segal at Siemens Israel, and Kehat at Elbit Systems. The appointments aim to drive brand leadership, strengthen partnerships with industrial automation vendors, and launch security technologies in new applications.
Management ChangesPartners
growth-positive
Industrial Cybersecurity Company Radiflow Raises $18 Million
Radiflow, an Israel-based industrial cybersecurity company, has closed an $18 million investment round led by ST Engineering Ventures. The investment will allow Radiflow to invest in marketing and sales, hire 15 more employees, and expand its presence in Asian markets through a strategic partnership with ST Engineering. Radiflow offers cybersecurity services for critical infrastructure and industrial networks, with over 50 customers primarily in the U.S. and Europe. The company was founded in 2010 and is headquartered in Tel Aviv.
InvestmentPartnersExpand
https://radiflow.com/finanical-times-cryptojackers-steal-computer-power-to-mine-digital-coins/
growth-positive
Radiflow Wins Excellence Award for Critical Infrastructure Security
Industrial cybersecurity firm Radiflow has won the 2018 Cybersecurity Excellence Award for its iSID Industrial IDS solution, which protects SCADA and ICS networks and OT environments of critical infrastructure operators from intrusion. The award comes as Radiflow reports a double increase in sales of the iSID solution and related services over the past year. The company is looking to expand the adoption of its technology in sectors such as chemical factories, transportation systems and building management systems. Radiflow has also upgraded its technology to meet the latest cybersecurity standards.
CustomersExpand
https://www.securityworldmarket.com/na/News/Product-News/resilientgrid-integrates-radiflow-cyber-security#.WyCuikgjRPY
growth-positive
RadiFlow and CyberForce LLC Partner for Critical Infrastructure Cybersecurity
RadiFlow and CyberForce LLC have announced a collaboration for the use of RadiFlow products in CyberForce’s Cybersecurity Solutions for Critical Infrastructure. CyberForce has entered into a value-added reseller relationship with RadiFlow for use of its products as part of CyberForce’s cybersecurity solutions and system integration services for critical infrastructure. RadiFlow has also entered into a Cybersecurity Center of Excellence (CCoE) stakeholder relationship agreement. RadiFlow has committed to support the multi-stakeholder CCoE that has been established as a public-private collaboration between NOVA (Northern Virginia Community College) and CyberForce LLC.
Partners
growth-positive
Radiflow Introduces IDPS (Intrusion Detection & Prevention Solution) for Cyber-Securing Critical Utilities
Radiflow, a pioneer developer of ICS/SCADA network security, analyzes a cyber-attack on a Ukrainian power provider. The attack disconnected thirty substations and left 80,000 customers without power. Radiflows IDPS meets and exceeds the NCCoE guidelines for preventing such attacks. The companys new IDPS has been successfully deployed at a renewable energy site operated by a large-scale European utility.
Customers
POLITICO Pro
growth-positive
http://www.jpost.com/Enviro-Tech/US-Israel-Binational-Research-Foundation-invests-9m-in-new-projects-336593
The Israel-United States Binational Industrial Research and Development Foundation has approved $9 million in funding for 11 new joint projects between American and Israeli companies. The projects span various sectors and will receive conditional grants of up to $1 million each. In addition to the funding from the foundation, the companies will gain access to private-sector funding, bringing the total value of the projects to approximately $23 million. The projects aim to develop innovative technologies and increase the chances of commercialization in the global market. The Israel-United States Binational Industrial Research and Development Foundation has a history of investing in projects and has contributed to the economy of both Israel and the United States.
Investment
