Hyderabad, Jun 7: Cyient, a global engineering and technology solutions company on Thursday announced a corporate venture investment in Cylus, a global leader in cybersecurity solutions for the rail industry.
This investment is in line with the company’s focus on developing smarter and safer mobility solutions for the rail industry. It brings together Cyient’s leadership position in engineering solutions for rail and focus on digitalization, with Cylus’ cybersecurity solutions developed specifically for the rail industry, a company statement here said.
The move enables Cyient and Cylus to expand their industry-specific cybersecurity value proposition, jointly address market needs, and accelerate the development of cutting-edge cybersecurity solutions for rail.Israel-based Cylus is the developer of CylusOneTM, a cybersecurity software product, designed for mainline and urban rail systems. The solution detects cyber threats in the signaling and control networks, both trackside and onboard, facilitating a timely and effective response.
“We are excited about investing in Cylus and their world-leading cybersecurity solutions as part of our strategy to develop intelligent mobility solutions for a safer tomorrow,” said Prabhakar Atla, Senior Vice President - Rail Transportation, Cyient. “This investment allows us to leverage the rapid evolution of connected and intelligent rail assets and further strengthen Cyient’s value proposition of enabling the rail transportation industry to efficiently design, build, and maintain safe assets and secure networks” he added.
“Rail systems have become technologically advanced, and the threat of cyber-attacks is constantly growing,” said Amir Levintal, CEO and Co-founder of Cylus.“We have already established strong relationships with key players in the rail industry and are growing our partnerships with leading rail operators. We are moving full steam ahead to scale our team and expand globally”, Mr Levintal said. (UNI)