Cyient picks up stake in Israel-based Cylus

Cyient Limited, a city-based IT firm, Thursday announced a corporate venture investment in Cylus, an Israel-based cybersecurity solutions provider for the rail industry. The company did not disclose the amount it invested in Cylus.

According to a press release from Cyient, the investment is in line with the company's focus on developing smarter and safer mobility solutions for the rail industry and brings together the company's leadership position in engineering solutions for rail and focus on digitalisation, with the Israeli firms' cybersecurity solutions developed specifically for the rail industry.

The move enables Cyient and Cylus to expand their industry-specific cybersecurity value proposition, jointly address market needs, and accelerate the development of cutting-edge cybersecurity solutions for rail, the release said.

Cylus is the developer of CylusOne, a cybersecurity software product, designed for mainline and urban rail systems. The solution detects cyber threats in the signalling and control networks, both trackside and onboard, facilitating a timely and effective response.

We are excited about investing in Cylus and their world-leading cybersecurity solutions as part of our strategy to develop intelligent mobility solutions for a safer tomorrow," senior vice-president (Rail Transportation) Cyient, Prabhakar Atla said.

CEO and co-founder of Cylus Amir Levintal said rail systems have become technologically advanced, and the threat of cyber-attacks is constantly growing. "We have already established strong relationships with key players in the rail industry and are growing our partnerships with leading rail operators. We are moving full steam ahead to scale our team and expand globally," Levintal said.