Salvador Technologies, an innovative provider of cyber-attack recovery platforms, has secured $2.2 million in funding for a cybersecurity project. The funding was granted by the Israel-United States Binational Industrial Research and Development (BIRD) Foundation, which supports joint research and development ventures between American and Israeli companies. The funding was awarded to Salvador Technologies and its US-based partner, Bastazo, a cybersecurity startup company based in Fayetteville, Arkansas.
The aim of the joint project is to develop an AI-driven automated vulnerability management and recovery platform to enhance the protection of industrial control systems (ICS) from ransomware and other cyber threats. The collaboration will leverage Bastazo’s threat simulation and detection capabilities with Salvador Technologies’ rapid recovery framework. This joint effort will build on Salvador Technologies’ existing rapid cyber-attack recovery solution for ICS and operational technology (OT) networks.
Salvador Technologies’ patented rapid recovery technology employs three defense layers, ensuring the operational continuity of critical infrastructures, manufacturing systems, and workstations. The foundation of this technology stems from the expertise of the company’s two founders, Alex Yevtushenko and Oleg Vusiker, who both have more than a decade of experience in the National Cyber Unit and elite Intelligence Corps of the Israel Defense Forces (IDF).
Philip Huff, co-founder of Bastazo, expressed enthusiasm about the funding award, stating that the joint product being developed will enable companies to identify weaknesses within their ICS and OT networks to prevent ransomware attacks and recover swiftly when breaches occur.
The grant was provided through the BIRD Cyber Program, a collaboration between the US Department of Homeland Security (DHS) Science and Technology Directorate (S&T), the Israel National Cyber Directorate (INCD), and the BIRD Foundation. This program seeks to promote cyber innovation and collaboration, bolstering the security and resilience of critical infrastructures in both countries.
Jaron Lotan, Executive Director of the BIRD Foundation, highlighted the significance of the BIRD Cyber program, which serves to strengthen the US-Israeli partnership in cybersecurity. Lotan emphasized that the selection process was comprehensive and expressed pride in awarding the grant to Salvador Technologies and Bastazo.
As Salvador Technologies expands its presence in the US market, the funding from the BIRD Foundation serves as a noteworthy achievement. Alex Yevtushenko, CEO of Salvador Technologies, expressed pride in representing Israel’s cyber innovations and stated that the grant marks a significant milestone in the company’s entry into the US market. Yevtushenko mentioned that the company is in the process of expanding its sales and support teams across the US.
Salvador Technologies specializes in providing breakthrough technological solutions for the operational continuity and cyber-attack recovery of Industrial Control Systems (ICS) and Operational Technology (OT). They offer an easy validation of backup integrity with instant restoration tests. With their patented air-gap technology, the company ensures a full 30-second recovery from any scenario. Salvador Technologies’ expertise is rooted in the extensive experience of its founders, who bring a wealth of knowledge from their time in the IDF’s National Cyber Unit and elite intelligence corps.
This funding grant from the BIRD Foundation serves as a testament to the forward-thinking approach and dedication of Salvador Technologies and Bastazo in developing advanced cybersecurity solutions. The partnership between these two companies, fueled by cutting-edge AI technology, promises to enhance the protection and resilience of critical infrastructures against cyber threats. As Salvador Technologies continues to expand its operations in the US, this recognition from the BIRD Foundation will undoubtedly bolster its position in the market and contribute to the global cybersecurity agenda.