Salvador Technologies raises $6 million Seed for cyberattack recovery platform

Salvador Technologies, which has developed a cyberattack recovery platform for critical infrastructures and industrial organizations, announced on Monday that it has secured $6 million in Seed funding. Salvador Technologies’ investment round was led by Pico Venture Partners, with participation from existing investors such as Pitango VC and Sarona Partners.

Full list of Israeli high-tech funding rounds in 2023

With the average downtime period after a cyberattack being up to three weeks and leading to the majority of direct and indirect damages, Salvador Technologies’ platform bypasses standard recovery protocols and allows critical infrastructure operators and industrial enterprises to recover from attacks and any malfunction within only 30 seconds.

Salvador Technologies founders.

Salvador Technologies was founded in 2020 by Alex Yevtushenko (CEO) and Oleg Vusiker (CTO), childhood friends from Kiryat Gat. Vusiker is an alumni of the elite cybersecurity unit IDF Matzov and an E.E Engineer from Tel Aviv University. Alex Yevtushenko is an alumni of an IDF intelligence unit and an E.E Engineer from Ben-Gurion University.

“The number of cyberattacks on critical infrastructures is exponentially increasing,” said Alex Yevtushenko, Co-Founder and CEO of Salvador Technologies. “The security challenges are growing, especially in light of the artificial intelligence (AI) that has penetrated into cybercrime, and the need for an effective recovery solution is critical.”

The company said that its customer base includes multi-national manufacturing corporations in the chemical, food, automotive, and aerospace industries as well as critical infrastructure organizations such as national maritime ports, healthcare centers, water, and energy providers in multiple geographies.