Tel
Aviv, Israel, July 8, 2024
IXDen, a global leader in cybersecurity and operational failure
prediction, has been selected by Google for its AI Fund. The
prestigious award recognizes top companies that have developed and
implemented innovative and groundbreaking AI solutions.
IXDen has been accepted into Google for Startups' prestigious AI
program, which focuses on Artificial Intelligence. The program aims
to promote the growth of promising AI startups. This program
provides significant support to high-potential AI companies.
IXDen was particularly recognized for its unique AI platform
that protects critical infrastructures, such as water, gas, energy,
and smart buildings, from cyber threats and operational failures.
Its unique approach to securing IoT devices and equipment enables
the detection of security threats and anomalous behavior at all
levels, from sensors and devices to programmable logic controllers
(PLCs) and remote terminal systems (RTUs).
IXDen's solution focuses on creating certainty and reducing risk
for infrastructure companies. In addition, it enables operation
continuity and reduces the total cost of ownership (TCO), resulting
in a rapid increase in revenues, improved customer service, and
shortened investment return time.
Google: "IXDen's remarkable journey showcases the
vibrancy of Israel's high-tech
sector. Leveraging the transformative power of AI, IXDen is paving
the way for a more secure future for critical infrastructure
globally".
IXDen's solution is deployed at a large scale in leading
national infrastructure companies with thousands of operational
sites, millions of sensors in the field, and the analysis of tens
of billions of data points per month. It provides real-time
information on any intrusion attempt or sensor data anomaly. The
solution provides a comprehensive picture of system health and
security, continuously identifying and predicting anomalous events
such as cyberattacks, device or sensor failures, system
malfunctions, leaks, sensor deviations, incorrect calibrations, and
more.
"We are thrilled to announce our acceptance into Google for
Startups' AI program," said Zion
Harel, Co-CEO and Co-Founder of IXDen. "This grant will be a
significant catalyst for us, enabling us to advance our ambitious
goals in the global markets and strengthen our position as leaders
in AI-powered critical infrastructure security."
IXDen implements advanced machine learning and AI algorithms in
combination with unique mathematics, advanced behavioral and
statistical models, and data analysis to detect the slightest
deviations in sensor data while protecting them from tampering. The
system was developed based on patents registered by the company in
the US and Europe and is based on
a unique AI approach and innovative algorithms.
"This well-deserved recognition from Google is a significant
milestone for IXDen. Selected among the few from a list of
outstanding candidates, IXDen gains access to an enormous pool of
Google resources and expertise. Google's mentorship program
connects IXDen with industry experts and offers invaluable guidance
in critical areas such as business development, strategy, and
marketing. This comprehensive support will propel IXDen's growth
trajectory and enable it to continue to refine its technology and
expand its reach," said Dr. Leonid
Cooperman, Co-CEO and Co-Founder of IXDen.
About IXDen
IXDen is a global leader in cybersecurity and operational
failure prediction for critical infrastructure. The company's
AI-powered platform protects industrial control systems (ICS) and
Supervisory Control and Data Acquisition (SCADA) systems from
cyberattacks and operational failures. IXDen's solutions are
deployed by leading energy, water, oil and gas, transportation, and
manufacturing companies. The company is headquartered in
Tel Aviv, Israel, and has offices
in the US.
Media Contact:
Iris Weinstein
irisw@newstory-group.co.il
972-544363334
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