Today: Jul 20, 2024

Salvador Tech bags $6M seed for cyber-attack recovery prowess.

7 months ago

Salvador Technologies, an Israeli startup serving critical infrastructures and industrial organizations, has raised $6 million in Seed funding. The round was led by Pico Venture Partners, with participation from existing investors such as Pitango VC and Sarona Partners. Salvador Technologies offers a platform designed to recover from cyberattacks and malfunctions efficiently.

  • Salvador Technologies’ platform bypasses standard recovery protocols to recover from attacks and malfunctions within 30 seconds.
  • The startup serves a wide range of industries including chemical, food, automotive, aerospace and critical infrastructures like maritime ports, healthcare centers, water and energy providers.

Founded in 2020 by Alex Yevtushenko and Oleg Vusiker, Salvador Technologies aims to address the ever-increasing number of cyberattacks on critical infrastructures. With the average downtime period after a cyberattack being up to three weeks, leading to most direct and indirect damages, Salvador Technologies’ recovery solution proves to be a crucial step towards faster and more effective recovery.

Yevtushenko, the company’s Co-Founder and CEO, has raised concerns about the escalating security challenges due to the infiltration of artificial intelligence (AI) into cybercrime. This calls for an effective recovery solution that can deal with such sophisticated attacks, making Salvador Technologies’ platform an essential tool for cyberattack recovery.

Salvador Technologies serves a broad customer base that includes multinational manufacturing corporations in the chemical, food, automotive, and aerospace industries. Additionally, the company also caters to critical infrastructure organizations such as national maritime ports, healthcare centers, water, and energy providers across multiple geographical locations.

The funding will enable Salvador Technologies to further improve its platform’s capabilities and expand its reach to more industries and geographical locations, thereby helping more organizations better prepare and recover from cyberattacks.