CyberX was founded in 2013 and has raised $48 million to build its cybersecurity platform for IoT and industrial control systems.
Microsoft is reportedly in the process of acquiring CyberX, an Israeli cybersecurity company focused on building technology to fight threats to the Internet of Things (IoT), the Industrial IoT, and connected devices.
Talk of the acquisition surfaced this week in Globes, an Israeli business news website, which cites sources who claim the transaction is valued at $165 million. CyberX has so far raised $48 million over five funding rounds from investors including Inven Capital, Qualcomm Ventures, Norwest Venture Partners, Glilot Capital Partners, Flint Capital, ff Venture Capital, and OurCrowd. Its latest round raised $18 million in March 2019.