Microsoft acquired Israeli CyberX and paid for it more than $ 150 million

Microsoft approves acquisition of Israeli CyberX. The details of the transaction were not disclosed, but the deal is estimated to be slightly more than $ 150 million.
CyberX was founded in 2013 by Omar Schneider and Nir Giller, graduates of the IDF unit. Its product focuses on solutions for industrial network infrastructures and a dedicated self-study mechanism for these networks. The company has raised $ 48 million to date with its Northwest fund leading recent fundraising, Galilee Capital, Flint Capital Qualcomm Ventures, GlenRock and OurCrowd.
Microsoft said the acquisition will complement the existing Azure IoT security capabilities and expand on existing devices. Michal Braverman-Blumenstick, CEO of Microsoft's R&D Center, addressed the acquisition: "CyberX's technology and staff are a great addition to Microsoft. CyberX's cutting-edge expertise and platform, along with Microsoft's superior security products, enable Microsoft to offer a powerful, widely deployed solution that accelerates digitization for organizations at all stages of their IoT / OT journey. "