Cyient makes strategic investment in Israel-based rail cybersecurity company Cylus

Image
ANI
Last Updated : Jun 07 2019 | 1:20 PM IST

Engineering and technology solutions company Cyient has announced a corporate venture investment in Israel-based Cylus which is a global leader in cybersecurity solutions for the rail industry.

The investment is in line with Cyient's focus on developing smarter and safer mobility solutions for the rail industry. It brings together Cyient's leadership position in engineering solutions for rail and focuses on digitalisation with Cylus' cybersecurity solutions developed specifically for the rail industry.

The move enables Cyient and Cylus to expand their industry-specific cybersecurity value proposition, jointly address market needs, and accelerate the development of cutting-edge cybersecurity solutions for rail, according to a statement.

Cylus is the developer of CylusOne, a cybersecurity software product designed for mainline and urban rail systems. The solution detects cyber threats in the signalling and control networks, both trackside and onboard, facilitating a timely and effective response.

"Rail systems have become technologically advanced and the threat of cyber-attacks is constantly growing," said Amir Levintal, CEO and Co-founder of Cylus. "We are moving full steam ahead to scale our team and expand globally."

Prabhakar Atla, Senior Vice President at Cyient, said: "This investment allows us to leverage the rapid evolution of connected and intelligent rail assets and further strengthen Cyient's value proposition of enabling the rail transportation industry to efficiently design, build, and maintain safe assets and secure networks."

Cyient's industry focus includes aerospace and defence, healthcare, telecommunications, rail transportation, semiconductor, geospatial, industrial and energy. It employs more than 15,000 employees in 20 countries.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 07 2019 | 1:02 PM IST

Next Story