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Industrial Cybersecurity Firm CyberX Raises $18 Million

Industrial cybersecurity firm CyberX on Monday announced that it raised another $18 million in a strategic funding round.

The latest round was led by Qualcomm Ventures and Inven Capital, with participation from existing investors Norwest Venture Partners, Glilot Capital Partners, Flint Capital and OurCrowd. CyberX says it will use the newly obtained funds to expand product development and its threat intelligence capabilities, along with its global go-to-market footprint.

With this latest funding round, CyberX has raised a total of $48 million, including $18 million in 2018 and $9 million in 2016.

“We believe CyberX has the right management team, deep domain expertise, and scalable technology to address the needs of the world’s largest and most complex enterprises,” said Boaz Peer, director of Qualcomm Israel and investment director of Qualcomm Ventures. “We’re delighted to join as an investor given Qualcomm’s strong interest in Industrial IoT and our ability to provide...(continued)

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