Cyviation – a first cybersecurity company focusing on aircraft security by providing multiple layers of resilience ranging from fleet assessment and aircrew training to Aviation SIEM – aircraft cyber event management – recently announced an additional $4 million funding round. This funding is part of a larger round that is is expected to enter Series A by the first half of 2024.
The company also recently announced they have reached the commercial stage of its SkyRay solution ahead of plan and is already engaged with multiple industry players, from commercial airlines to OEM, manufacturers, and regulatory agencies. And one of the companies pioneering the adoption of Cyviation’s SkyRay solution is Polaris Aviation Solutions, a global aircraft management, charter, and project management company.
Through cutting-edge remote assessment tools, Cyviation’s continuous and non-intrusive fleet assessment capabilities evaluate and map aircraft vulnerabilities. And the assessment process includes threat impact analysis, recommended mitigations, and cyber resiliency to bolster and safeguard passenger and crew safety from malicious attacks.
The urgency for advanced cybersecurity in aviation is highlighted by Technavio’s recent forecast, which sees the aviation cybersecurity market expanding by over $38 billion between 2022 and 2027. Concurrently, the aviation regulators worldwide are crafting and enforcing more stringent cybersecurity standards – underscoring the need for advanced protective strategies.
KEY QUOTES:
“It’s not a question of if, but when an aircraft will fall prey to a cyber-attack. We must consistently remain ahead of attackers, anticipating and neutralizing threats before they manifest.”
- Arik Arad, Cyviation’s Chairman and a seasoned veteran in the aviation security domain underscored the urgency
“In an industry lacking cybersecurity solutions, Cyviation provides the technology and tools that are desperately required, especially for business clients more sensitive to their privacy and safety. It is a pleasure to collaborate with an experienced team, and we are looking forward to continuing to innovate together.”
- Michael Santiago, CEO and President of Polaris Aviation Solutions
“In a world where cyber threats are ever-present and regulatory measures continuously evolve, our mission is to provide the aviation sector with unparalleled cybersecurity defenses.”
- Cyviation’s CEO Avi Tenenbaum
