SCADAfence

SCADAfence provides cybersecurity solutions focused on Operational Technology (OT) and the Internet of Things (IoT) for industrial settings. The company was founded in Tel Aviv, Israel, in 2014 by Yoni Shohet and Ofer Shaked, both veterans of the Israel Defense Forces. Their military backgrounds provided a strong foundation for developing security platforms for critical infrastructure. The company's journey began with a seed round in 2015, followed by a significant $10 million Series A in 2017, led by JVP and including investors from Japan and the US, which helped expand its R&D and global business development. Over its history, SCADAfence raised a total of $38 million through multiple funding rounds, attracting institutional investors like Mitsubishi Electric, Fujitsu, and Rapid7. A major milestone was its acquisition by Honeywell in July 2023, integrating SCADAfence into Honeywell's Forge Cybersecurity+ suite to create a comprehensive enterprise OT security offering.

The firm targets large-scale industrial clients in sectors such as manufacturing, pharmaceuticals, automotive, energy, and building management. Its business model is centered on selling its software-based platform and related services, including managed security services where their experts monitor client networks. SCADAfence's core offering is a non-intrusive platform that provides passive, continuous monitoring of industrial networks without causing operational downtime. Key features include automated asset discovery and inventory management, real-time threat detection of both malicious attacks and non-malicious anomalies, and risk and vulnerability management. The platform establishes an operational baseline and uses a combination of behavioral analysis, rule-based alerts, and threat intelligence to detect deviations that could indicate a cyberattack, malware, or operational misconfiguration. A central governance portal allows for the management of compliance with industry standards like IEC 62443 and NIST frameworks across multiple distributed sites. This provides CISOs and operations managers with unified visibility and control over their entire OT landscape, bridging the gap between IT and OT security. Keywords: OT security, IoT security, industrial cybersecurity, network monitoring, asset discovery, threat detection, compliance management, critical infrastructure, manufacturing security, Honeywell