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Salvador Technologies, an Israeli startup that has built a cyberattack recovery platform, has raised $6 million in a seed funding round. The round was led by Pico Venture Partners, with participation from existing investors, including Pitango VC and Sarona Partners.
- The platform developed by Salvador Technologies helps critical infrastructure operators and industrial enterprises recover from cyberattacks and malfunctions within 30 seconds.
- Salvador Technologies was established in 2020 by Alex Yevtushenko and Oleg Vusiker, who are childhood friends.
- The customer base of Salvador Technologies includes multinational manufacturing firms in the chemical, food, automotive, and aerospace industries, and critical infrastructure firms like healthcare centres, maritime ports, water and energy providers across different regions.
The company’s technology offers a timely solution to a widespread issue, considering the average downtime period after a cyberattack can extend to three weeks, and leads to the majority of direct and indirect damages. The CEO of Salvador Technologies, Alex Yevtushenko, highlighted the urgent need for effective recovery solutions given the rise in cyberattacks on critical infrastructures and the growing security challenges, particularly those linked to the infiltration of artificial intelligence (AI) in cyber crime.
Yevtushenko, a former member of an Israeli Defence Force (IDF) intelligence unit and an Electrical Engineering graduate of Ben-Gurion University, co-founded Salvador Technologies with Oleg Vusiker, an IDF cybersecurity unit alumnus and also an Electrical Engineering graduate, from Tel Aviv University. The duo has expanded their venture to employ 15 people currently.
Salvador Technologies’ innovative approach to cyberattack recovery signifies an important development in the realm of cybersecurity, particularly for industries and organisations that manage vital infrastructures. Its groundbreaking platform not only contributes to minimizing potential damages caused by cyberattacks, but also aids in quickly restoring system functionality, thus enabling critical continuity in operations.
