Siga Raises $8.1 Million in a Series B

by Kay Aloha Villamor in August 23rd, 2021

Siga OT Solutions, an Israeli cybersecurity startup, has raised $8.1 Million in a Series B round led by PureTerra Ventures. Other participants include SIBF, Moore Capital, and Phoenix Contact. By monitoring the raw electric signals of important industrial assets, Siga assists businesses in securing their operations.

The money will be used to boost sales and strategic collaborations globally, with a focus on North America, Europe, Asia, and the United Arab Emirates, according to Siga.

Company: SIGASEC Ltd.

Raised: $8.1M

Round: Series B

Funding Month: August 2021

Leading Investors: PureTerra Ventures

Additional Investors: SIBF, Moore Capital, and Phoenix Contact

Company Website: http://www.sigasec.com/

Software Category: Cyber security

About the Company: SIGA, develops the "SigaPlatform"​, a comprehensive process anomaly detection system that monitors critical assets using electrical signal-based predictive analysis and artificial intelligence. It cannot be hacked or manipulated from the operational network and used for maintenance and operational needs for cyber-security.

Source: https://saasindustry.com/news/siga-raises-8-1m-from-pureterra-ventures-in-a-series-b-round/

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