Los Angeles, California— A USD 10 million in preliminary funding was revealed for Galvanick, a cybersecurity solution for defending industrial infrastructure against cyberattacks. Mac Venture Capital, Founders Fund, Village Global, Countdown Capital, Hanover Technology Investment Management, Shrug Capital, 8090 Industries, and more than 25 angel investors with expertise in manufacturing, finance, defense, and cybersecurity were among the major investors. Galvanick wants to utilize the funding to increase the use of its first product, an industrial-first Extended Detection & Response (XDR) platform, across more advanced manufacturing and necessary infrastructure facilities. It also hopes to hire more core employees.

A group of seasoned business professionals founded Galvanick, including co-founder Joshua Steinman, a former senior director for cyber on the National Security Council who designed the 2018 National Cyber Strategy, as well as co-founders Brandon Park and Feliks Pleszczynski, a former trader, economist, and White House employee. The engineering staff at Galvanick has extensive experience protecting industrial systems from cyberattacks and comes from companies like Amazon, Google, Uber, and Bechtel.

Industrial businesses have switched from manually operated to computer-controlled equipment during the past 30 years, giving up greater efficiency for an unknowable and potentially catastrophic downside risk. These industrial systems are now subject to a rising number of cyber attacks, which have cost billions of dollars in just the last five years and have the potential to undermine medicine production, turn off safety systems at oil refineries, or ruin millions of pounds of beef.

According to Joshua Steinman, CEO and Co-Founder of Galvanick, “Cyber attacks against industrial systems are on the rise, and they not only affect a firm’s bottom line but can pose a physical hazard to facilities and employees.” “It’s challenging to find industrial cybersecurity experts.”

Galvanick’s founding team spent six months interviewing experts from around the globe to better understand why protecting industrial systems from cyberattacks was such a difficult task. Ultimately, it came down to two significant findings: first, it is costly to employ industrial cybersecurity skills (a recent study produced less than 10,000 Americans), and second, it is tough to analyze various industrial data streams in real-time. The first product from Galvanick, an industrial-first XDR platform, aggregates data from industrial assets and environments and continuously scans for threats, allowing operations and IT/security teams to distinguish between legitimate and malicious behavior and contextualize it quickly.

We try our best to fact-check and bring well-researched as well as non-plagiarized content to you. Please let us know

-if there are any discrepancies in any of our published stories,

-how we can improve,

-what stories you would like us to cover and what information you are looking for, in the comments section below or through our contact form! We look forward to your feedback, and thank you for stopping by! 

Next Article

Previous articleUSA-based ScopeFour Capital launches investment platform for innovative climate impact 
Next articleLos Angeles-based coffee startup Chamberlain Coffee raises USD 7 million in funding
Kshitij does business research and content writing for VCBay. Pursuing BBA from Symbiosis Center Of Management Studies (SCMS) Pune, he is skilled in Financial Modeling, Stock valuation and Microsoft Excel. He is passionate about Entrepreneurship and Finance.


Please enter your comment!
Please enter your name here