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Business/Financial

CyberX Raises $9 Million In Funding For Industrial Cyber Protection

Tuesday, August 2nd, 2016

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CyberX Raises $9 Million In Funding For Industrial Cyber Protection

iStock Cyber Lock

CyberX, a provider of cybersecurity for industrial Internet of Things (IIoT), completed a $9 million funding round, the company said Tuesday.The funding round was led by Flint Capital and also included existing investors Glilot Capital Partners, Swarth Group, GlenRock, the newly joined ff Venture Capital (ffVC), and other investors.CyberX was founded by veterans of the Israeli Elite Cyber Security Unit: Omer Schneider, CEO and co-founder and Nir Giller, CTO and co-founder. The company helps clients in industry secure their internet-connected…

Congress

SASC Cites Concern With Army’s sUAS Approach, Seeks Info On Plans To Scale Fielding

Senate defense authorizers are seeking more info from the Army on its plans for scaling and deploying small drone capabilities citing concern with the service’s current “fragmented and insufficient” approach. […]

SASC Bill Would Raise Amphib Requirement To 33 Ships

The Senate Armed Services Committee’s (SASC) fiscal year 2027 defense policy bill adds new provisions that would raise the Navy and Marine Corps’ minimum requirement for amphibious warships and extend […]

Army

Army Plans To Initiate ISV-Heavy Competition Later This Year, Official Says

The Army is planning to initiate its competition to build the Infantry Squad Vehicle (ISV)-Heavy in the fourth quarter of this year, a senior acquisition official has said. Jesse Tolleson, […]

Senate Authorization Bill Restricts Building Navy Warships Overseas With Limited Exception For Auxiliaries

The Senate Armed Services Committee’s (SASC) version of the FY 2027 defense policy bill looks to cut the ability for the Trump administration to buy foreign-made warships, but still allow […]