Salvador Technologies secures $6m funding for cyber-attack recovery expansion
Salvador Technologies, the breakthrough cyber-attack recovery platform provider for critical infrastructures and industrial organisations, has announced the successful procurement of $6 million in funding.
The integral investment round included contributions from previously committed investors Pitango VC and Sarona Partners and was headed by Pico Venture Partners. The funds will be used to promote Salvador Technologies' global growth.
They also aim to strengthen their cyber-attack recovery solutions and technologies to cater to evolving customer needs and market demands. Salvador distributes its platform via sales channels and go-to-market partnerships in local markets, including managed security service providers, system integration firms and value-added resellers.
Co-founded in 2020 by Alex Yevtushenko and Oleg Vusiker, who are childhood friends and veterans of the elite Intelligence Corps of the Israel Defense Forces, Salvador Technologies has developed a market-leading cyber-attack recovery platform.
The patented security failover technology enables full operational recovery and continuity within 30 seconds, thus preventing downtime damage. It is a significant development considering that the average downtime period following a cyber-attack can span up to three weeks, causing most of the direct and indirect damages.
Alex Yevtushenko, the Co-Founder and CEO of Salvador Technologies said, "The number of cyber-attacks on critical infrastructures is exponentially increasing. The security challenges are growing, especially in light of the artificial intelligence that has penetrated into cybercrime and the need for an effective recovery solution is critical."
The platform offered by Salvador Technologies bypasses standard recovery protocols, enabling critical infrastructure operators and industrial enterprises to recover from attacks and malfunctions rapidly.
Their expanding customer base includes multi-national manufacturing corporations in various sectors including, but not limited to, chemical, food, automotive, and aerospace. They also service critical infrastructure organisations, such as national maritime ports, healthcare centres, and energy providers.
Tal Yatsiv, General Partner at Pico Venture Partners, acknowledged the role of Salvador in the industry, saying, "Salvador solves a tremendous problem in the underserved OT cybersecurity market."
"The company's innovative solution acts as an insurance policy for organisations, eliminating risk by ensuring an immediate full recovery following an attack or a system malfunction."
Founded in 2020, Salvador Technologies provides security failover technology for cyber-attack recovery and downtime prevention in Industrial Control Systems (ICS) and Operational Technology (OT) organisations. Its solution bypasses standard cyber-attack recovery protocols and forensics measures, minimising downtime, and regains operations within an astonishing 30-second timeframe. The company's platform is used by some of the world's most secure critical infrastructure organisations, including manufacturing, aerospace, maritime, energy and water companies.
