Israel’s Salvador Technologies Expects to Create a New Category in Cybersecurity

Mysterious image posted on Masada’s Facebook page on Israel’s Independence Day, May 9, 2019. Photo: Facebook screenshot.

CTech – In stock CTechStartup Coupon Series, CTech emphasizes Salvador Technologies, a new company that has received funding from Pitango, Ariel Maislos, Sarona Partners, Prof. Hezy Yeshurun, Cyverse Capital and Uri Arazy.

Company name: Salvador Technologies

Sector: Cybersecurity

Product / service description:

We provide the world’s fastest recovery technology after cyberattacks and IT failures. We focus on OT and healthcare systems.

Biography of the founder:

We are childhood friends from Kiryat Gat. In high school, we won first place in international robotics competitions in the US and Japan (supported by Intel Kiryat Gat). Oleg Wusiker is a graduate of the elite cybersecurity unit of the IDF Matzov and an energy engineer from Tel Aviv University. Alexei Yevtushenko is a graduate of the IDF’s intelligence unit and an energy engineer at Ben-Gurion University.

Year of foundation: 2020

Last investment amount: $ 3 million

The last stage of investment: Seeds

Date of last investment: November 2021

Total investment to date: $ 3 million

Investors (leading and all):

Pitango, Ariel Mylos, Sarona Partners, Professor Hezi Yeshurun ​​(co-founder of Forescout), Cyverse Capital and Uri Arazi (formerly Intel Capital).

Current number of employees: 8

Open positions: Marketing

Website:

www.salvador-tech.com

Do you want us to know anything else?

We have just received a US patent for our innovative technology. This will create a new category in the market: computing for instant recovery.

Interview:

How was the idea born?

The idea was born after Oleg’s service in the IDF’s cybersecurity unit. The main motivation was to develop the first hardware solutions on the market for problems with extortionists. Most other solutions are software-based and focus on detection and prevention rather than recovery, and an attacker can get around them.

What is the product for?

The idea of ​​the product is to provide the ability to instantly recover from a ransomware attack and software and hardware failure for operating technology systems (OT). Examples of such systems include HMI industrial machines, building management systems and medical equipment (MRI, CT, X-ray). We do this with protected backups with an air gap (hardware-based protection).

How is this changing the market?

We provide the world’s fastest opportunity to recover critical OT systems. To date, most backup and recovery companies have focused on the IT world. The world of OT has been neglected and still uses primitive and inefficient backup solutions such as external hard drives and backup tapes.

How big is the market for the product and who are its main customers?

The size of the OT backup and recovery market is estimated at $ 5 billion in the US and Europe.

Does the product already exist? If not – at what stage and when is it expected to enter the market?

Our product already has its first solvent customers: a large chemical plant in southern Israel, one of the largest logistics centers in Israel, water management (HMI SCADA) and one of the largest data centers (building management systems).

Who are the main competitors in this sector and how big are they?

The main competitors are any other backup and recovery solutions, most of which focus on restoring virtual machines and IT systems, with no one focusing on OT. This is the reason why this industry still uses external drives or does not perform backups at all.

Well-known names: Dell-EMC, Rubrik (both of which focus on IT).

What added value do the founders of the company and the product bring?

Oleg and Alexei are childhood friends who won several international robotics competitions during high school. Alex was an R&D manager and worked with large companies such as Tesla and NASA. Oleg is a graduate of the elite cybersecurity unit of the IDF and has extensive experience in protecting national infrastructure from cyberattacks. We are both EE engineers (Alex from BSU, Oleg from TAU).

What will the money coming from the round be used for?

The money is used to build a team and start selling in Europe. Today we have eight employees, the office is in Rehovot.

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