{"id":23365300,"date":"2021-09-09T06:44:49","date_gmt":"2021-09-09T06:44:49","guid":{"rendered":"https:\/\/www.phoenixcontact-innovationventures.com\/2021\/09\/09\/we-complete-investment-in-level-0-ot-cyber-security-provider-siga\/"},"modified":"2023-11-06T07:42:50","modified_gmt":"2023-11-06T07:42:50","slug":"we-complete-investment-in-level-0-ot-cyber-security-provider-siga","status":"publish","type":"post","link":"https:\/\/www.phoenixcontact-innovationventures.com\/en\/2021\/09\/09\/we-complete-investment-in-level-0-ot-cyber-security-provider-siga\/","title":{"rendered":"We complete investment in Level 0 OT cyber security provider SIGA"},"content":{"rendered":"\n[et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.22.2&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_row _builder_version=&#8221;4.22.2&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.22.2&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_text _builder_version=&#8221;4.22.2&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; sticky_enabled=&#8221;0&#8243;]<p><strong>In a consortium with leading international investors, Phoenix Contact Innovation Ventures is supporting the Series B financing round of the Israeli tech start-up. The new funds will be invested in scaling the company and expanding the technology and product portfolio.<\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.phoenixcontact-innovationventures.com\/wp-content\/uploads\/2023\/10\/Phoenix-Contact-Innovation-Ventures_Portfolio_SIGA-OT-Solutions.png\" width=\"605\" height=\"214\" alt=\"\" class=\"wp-image-23364837 alignnone size-full\" srcset=\"https:\/\/www.phoenixcontact-innovationventures.com\/wp-content\/uploads\/2023\/10\/Phoenix-Contact-Innovation-Ventures_Portfolio_SIGA-OT-Solutions.png 605w, https:\/\/www.phoenixcontact-innovationventures.com\/wp-content\/uploads\/2023\/10\/Phoenix-Contact-Innovation-Ventures_Portfolio_SIGA-OT-Solutions-480x170.png 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) 605px, 100vw\" \/><\/p>\n<p>Phoenix Contact Innovation Ventures has completed an investment in SIGA (www.sigasec.com), an Israel-based high-tech startup that develops and provides Operational Technology (OT) monitoring and anomaly detection for Industrial Control Systems (ICS) and SCADA (Supervisory Control and Data Acquisition) in industrial and critical infrastructure applications.<\/p>\n<h2>More security thanks to SIGA<\/h2>\n<p>&#8220;With the increasing convergence between IT and OT, industrial and critical infrastructure operators are facing new cyber security threats. The consequences and potential damage of process failures are unpredictable, especially in critical infrastructures such as water treatment or utilities. SIGA&#8217;s technology improves the reliability, safety and cyber security of industrial assets by analyzing the purest form of data and providing insights that other higher level solutions cannot achieve,&#8221; acknowledges Marcus B\u00f6ker, Managing Director of Phoenix Contact Innovation Ventures.<\/p>\n<p>Since its foundation in 2015, SIGA has continuously developed its core technology into the SigaPlatform. This combines proprietary software with data acquisition hardware to capture and analyze process information before it reaches the PLC. By directly monitoring raw electrical signals at level 0 (instead of data packets), SIGA technology provides a more accurate and comprehensive picture of physical processes. Using proprietary machine learning algorithms and analytics, SIGA helps its customers to detect process anomalies in real time, regardless of whether they are due to technical malfunctions or a cyberattack.<\/p>\n<p>Amir Samoiloff, co-founder and CEO of SIGA, says: &#8220;Level 0 monitoring is becoming increasingly important for ensuring the resilience and integrity of processes, especially in critical infrastructures around the world. SIGA&#8217;s technology is perfectly suited to this task and offers the industry unprecedented added value. We are very pleased to have Phoenix Contact Innovation Ventures on board as we expect to benefit greatly from the market and industry expertise of such a leading industrial automation provider as Phoenix Contact.&#8221;<\/p>\n<p>This significant Series B investment was made by a consortium led by PureTerra Ventures and joined by Phoenix Contact Innovation Ventures, Israeli venture fund SIBF, Moore Capital and existing investors.<\/p>\n<h2><b>more information<\/b><\/h2>\n<p>Marcus B\u00f6ker, <span>Managing Director<\/span><\/p>\n<p><a href=\"mailto:contact@phoenixinnovation.de\">contact@phoenixinnovation.de<\/a><\/p>\n<h2><strong>ABOUT SIGA:<\/strong><\/h2>\n<p>SiGa Data Security (2014) Ltd (SIGA) is an Israel-based technology startup founded in 2014 by Amir Samoiloff and Ilan Gendelman. SIGA&#8217;s incipient failure detection solution, SiGaPlatform, monitors electrical signals directly at the source (Level 0) to detect process anomalies caused by misuse, malfunction or even cybersecurity breaches. Without disrupting existing industrial control systems, SIGA&#8217;s technology enables industrial, commercial and critical infrastructure operators to dramatically improve the reliability, safety and cyber security of their assets.<\/p>\n<p>For more information, please visit: <a href=\"http:\/\/www.sigasec.com\">www.sigasec.com<\/a><\/p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]\n","protected":false},"excerpt":{"rendered":"<p>In a consortium with leading international investors, Phoenix Contact Innovation Ventures is supporting the Series B financing round of the Israeli tech start-up. The new funds will be invested in scaling the company and expanding the technology and product portfolio. Phoenix Contact Innovation Ventures has completed an investment in SIGA (www.sigasec.com), an Israel-based high-tech startup [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":23365088,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1],"tags":[61],"dipi_cpt_category":[],"class_list":["post-23365300","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-unkategorisiert","tag-siga-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.6 (Yoast SEO v28.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>We finalize investment in cyber security provider Siga - Phoenixcontact Innovationventures<\/title>\n<meta name=\"description\" content=\"Phoenix Contact Innovation Ventures is supporting the 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