TL;DR:
- Salvador Technologies secures $6 million in funding led by Pico Venture Partners.
- The company offers a cyber-attack recovery platform for critical infrastructures.
- Their patented security failover technology ensures minimal downtime.
- Founded in 2020 by Alex Yevtushenko and Oleg Vusiker, the company addresses the rising threat of cyber-attacks.
- Salvador Technologies’ clients include multinational manufacturers and critical infrastructure organizations.
Main AI News:
In a significant development for the cybersecurity sector, Salvador Technologies has successfully raised $6 million in funding. The cyber-attack recovery platform provider, known for its unwavering commitment to safeguarding critical infrastructures and industrial organizations, recently concluded its investment round. Pico Venture Partners spearheaded this round, joined by esteemed existing investors like Pitango VC and Sarona Partners, all of whom continue to play pivotal roles in shaping the company’s trajectory.
Salvador Technologies has gained prominence for its cutting-edge cyber-attack recovery platform, fortified by patented security failover technology. This technology is designed to preempt downtime damage and ensure uninterrupted operational continuity for Operational Technology (OT) and Industrial Control Systems (ICS). In an era where cyber-attacks can lead to prolonged downtime periods of up to three weeks, resulting in substantial direct and indirect damages, Salvador Technologies’ platform stands out by circumventing traditional recovery protocols. It empowers critical infrastructure operators and industrial enterprises to rebound from attacks and system malfunctions in a remarkable 30-second timeframe.
Founded in 2020 by Alex Yevtushenko (CEO) and Oleg Vusiker (CTO), who share a longstanding friendship and a passion for innovation, Salvador Technologies is at the forefront of cybersecurity. Yevtushenko emphasizes the pressing need for effective recovery solutions, given the exponential rise in cyber-attacks on critical infrastructures. “The number of cyber-attacks on critical infrastructures is exponentially increasing,” he notes. “The security challenges are growing, especially in light of the artificial intelligence (AI) that has penetrated into cybercrime, and the need for an effective recovery solution is critical.“
Yevtushenko further expressed his enthusiasm for the new round of financing and extended a warm welcome to additional investors joining their journey.
Salvador Technologies’ rapidly expanding clientele encompasses multinational manufacturing giants in industries like chemicals, food, automotive, and aerospace. Additionally, critical infrastructure organizations such as national maritime ports, healthcare facilities, and water and energy providers across multiple geographies have also embraced Salvador’s transformative solutions.
Tal Yatsiv, General Partner at Pico Venture Partners, lauded Salvador Technologies for addressing a substantial gap in the underserved OT cybersecurity market. He described the company’s innovative solution as akin to an insurance policy, effectively eliminating risk by guaranteeing immediate and complete recovery following an attack or system malfunction.
Conclusion:
Salvador Technologies’ successful funding round and its innovative cyber-attack recovery platform signal a significant development in the cybersecurity market. With a focus on reducing recovery time to just 30 seconds, Salvador addresses a critical challenge in the industry. This positions the company as a key player in fortifying cyber resilience for critical infrastructures and industrial organizations, making it an attractive prospect for investors and a valuable asset in the evolving cybersecurity landscape.
