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SCADAfence

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uuid00029ed

Namestring
SCADAfence
Legal namestring
SCADAfence Ltd.
Websiteurl
scadafence.com
Company typeenum
Private
Founded yearint
2014
Descriptiontext

SCADAfence is an Israeli operational technology (OT) and industrial control system (ICS) cybersecurity company founded in 2014, headquartered in Tel Aviv. The company built a passive network-monitoring platform that provides visibility into OT and IoT networks, automated asset discovery, and near real-time threat detection for industrial environments, underpinned by a patented granular adaptive baseline engine designed to minimize false positives in complex industrial networks. Its core technology targets critical infrastructure operators — energy grids, utilities, oil and gas, refining, water, and manufacturing — where attacks on industrial sectors rose 140% in 2022.

In July 2023, Honeywell International Inc. acquired SCADAfence to strengthen its OT and industrial cybersecurity software portfolio. Post-acquisition, the product has been repositioned as Honeywell Cyber Insights, an on-premises OT cybersecurity solution that integrates with the Honeywell Forge Cybersecurity+ Cyber Watch platform for multi-site governance and compliance monitoring. Distribution runs through Honeywell's global enterprise field sales organization, selling quote-based annual subscriptions bundled with professional deployment services to enterprise customers across Honeywell's industrial verticals.

Prior to acquisition, SCADAfence raised approximately $39.5M across six rounds from 2015 to 2023, with strategic investors including JVP, Global Brain, Rapid7, Mitsubishi Electric, Fujitsu Ventures, and Prosegur. The platform has been recognized in third-party rankings including Cyber Magazine's Top 10 OT Security Solutions (2025) and ABI Research's profile of leading ICS cybersecurity companies. Revenue is not separately disclosed as the entity operates as a subsidiary within Honeywell's Process Automation segment.

Short descriptiontext

SCADAfence is an Israel-based OT and ICS cybersecurity platform acquired by Honeywell in 2023, now marketed as Honeywell Cyber Insights. It provides passive network monitoring, asset discovery, and threat detection for critical infrastructure operators in energy, utilities, and process industries.

Operating statusenum
Acquired
Ownership categoryenum
Headcount rangeband
51–100
akta.pro rankint
HeadquartersTel Aviv, Israel
HQ citystring
Tel Aviv
HQ countrystring
Israel
HQ regionstring
Middle East
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
OT cybersecurity software, ICS threat detection, industrial network monitoring, OT asset discovery, critical infrastructure protection
Industry3 codes
1Industrial Control System (ICS) & SCADA Security
CodeHDADAJAAPrimaryYes
2Control System Cybersecurity for OT (ICS Security, Monitoring, Hardening)
CodeIMAGABALPrimaryNo
3SCADA/ICS Security (DCS/PLC/RTU) & Secure Remote Access
CodeEUADANABPrimaryNo
NAICS code2 codes
  • Software Publishers513210
  • Computer Systems Design and Related Services54151
SIC code1 code
  • Services-Prepackaged Software7372
Product category
OT/ICS Cybersecurity Software
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model2 records
1Subscription Software
TypeSubscription Recurring
Description

SCADAfence's core offering is delivered as subscription software installed in OT environments, providing ongoing cybersecurity monitoring and threat detection capabilities with standard technical support during the subscription period.

process.honeywell.com
2Professional Deployment Services
TypeProfessional Services
Description

One-time deployment services are offered alongside the subscription software to implement the solution in customer OT environments.

process.honeywell.com
Marketing channels3 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure
Pricing details1 tier
1Enterprise subscription with deployment services
ModelSubscriptionBilling cadenceAnnual
Notes

Subscription software includes deployment services and standard technical support. Pricing is quote-based and not publicly disclosed.

process.honeywell.com
GTM typeB2B
B2B
Offering typeSoftware
Software
Core offering1 text field

SCADAfence provides OT and ICS cybersecurity software that delivers passive network monitoring, automated asset discovery, and near real-time threat and anomaly detection for industrial control environments. The platform is sold as subscription software accompanied by one-time professional deployment services, targeting energy, utility, manufacturing, and critical infrastructure operators globally.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 2 values shown
  • The Cyber Physical Systems security market is projected to grow at 13.0% CAGR to reach $18.51 billion by 2030
+1 more record
Product overview1 text field

SCADAfence, now a Honeywell company following its July 2023 acquisition, offers OT/ICS cybersecurity solutions. Honeywell's primary OT cybersecurity product offering is Honeywell Cyber Insights—an on-premises, site-specific solution designed to provide visibility into OT networks, automated asset discovery, and threat detection. The solution integrates with Honeywell Forge Cybersecurity+ I Cyber Watch for multi-site governance and compliance monitoring. SCADAfence operates as an acquired brand within Honeywell's broader cybersecurity portfolio aimed at protecting industrial operations, energy infrastructure, and critical manufacturing environments.

Product and service2 records
1Honeywell Cyber Insights
CategoryOT/ICS Cybersecurity Software
Description

On-premises OT cybersecurity solution providing near real-time visibility into identified threats, anomalous behavior, and vulnerabilities, with automated asset discovery, advanced monitoring, and a patented adaptive baseline security engine for threat detection. Designed for industrial operators running operational technology and control systems.

2SCADAfence OT/ICS Cybersecurity Platform
CategoryOT/ICS Cybersecurity Software
Description

Israel-based OT/ICS cybersecurity platform providing passive network monitoring, threat detection, asset discovery, and communication-pattern analysis for operational technology and industrial control system environments. Now marketed and sold as part of Honeywell's OT cybersecurity portfolio to energy, utility, manufacturing, and critical infrastructure operators.

Scale indicator3 records

Each record includes

Type, Value, Description, Source

Partnership1 partner
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2023-07-01
Description

Honeywell International Inc. acquired Israel-based SCADAfence Ltd. in July 2023 to strengthen its operational technology and industrial control system cybersecurity software portfolio. SCADAfence operates as part of Honeywell's Process Automation and Industrial Automation segments, integrated into Honeywell's cybersecurity offerings including the Honeywell Forge platform and Cyber Watch multi-site monitoring capabilities.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

OT/ICS and industrial cybersecurity specialist serving critical infrastructure operators with asset visibility, vulnerability management, and threat detection. Closely comparable product scope and target customer base.

TypeDirect peer
Description

OT and IoT cybersecurity vendor specializing in asset discovery, network monitoring, and anomaly detection for industrial control systems. Directly competes in the same enterprise critical-infrastructure RFPs.

TypeDirect peer
Description

Asset intelligence and OT/IoT security platform providing passive device discovery, risk assessment, and threat detection across IT, OT, and IoT environments. Overlaps with SCADAfence on OT visibility and asset inventory.

TypeDirect peer
Description

Pure-play OT/ICS cybersecurity platform offering asset discovery, threat detection, and incident response for industrial networks. Direct head-to-head competitor in the same critical-infrastructure buyer segment with comparable passive-monitoring and protocol-coverage capabilities.

TypeBroad incumbent
Description

Large cybersecurity platform with OT security capabilities (including the acquisition of industrial security vendors). Competes with SCADAfence through its Cortex and industrial security offerings.

TypeBroad incumbent
Description

Broad cybersecurity incumbent with OT/ICS security solutions and protocol-aware firewall and segmentation capabilities. Overlaps with SCADAfence in protecting industrial networks at the perimeter and network layer.

TypeBroad incumbent
Description

AI-driven cybersecurity platform with an OT/ICS detection module (Darktrace for OT). Competes with SCADAfence in industrial customer environments through a broader enterprise AI security portfolio.

TypeEmerging player
Description

OT cybersecurity vendor offering risk management, asset visibility, and threat detection for industrial environments. Profiled alongside SCADAfence in ABI Research's ICS cybersecurity list as a focused OT competitor.

TypeOthers
Description

Cybersecurity analytics and vulnerability management vendor; also an investor in SCADAfence's 2021 funding round. Adjacent ecosystem participant offering complementary IT-side visibility that often pairs with OT security programs.

TypeBroad incumbent
Description

Broad cybersecurity incumbent with FortiGate/OT-focused offerings for industrial segmentation and protocol-aware network security. Competes with SCADAfence at the network and segmentation layer of OT architectures.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers1 record

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment2 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI capability3 records

Each record includes

Type, Description, Source

AI maturity
App detail

Has app

Feature3 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles3 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds6 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors14 records

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

SCADAfence

OT/ICS Cybersecurity Softwarescadafence.com

SCADAfence is an Israel-based OT and ICS cybersecurity platform acquired by Honeywell in 2023, now marketed as Honeywell Cyber Insights. It provides passive network monitoring, asset discovery, and threat detection for critical infrastructure operators in energy, utilities, and process industries.

What SCADAfence does

SCADAfence is an Israeli operational technology (OT) and industrial control system (ICS) cybersecurity company founded in 2014, headquartered in Tel Aviv. The company built a passive network-monitoring platform that provides visibility into OT and IoT networks, automated asset discovery, and near real-time threat detection for industrial environments, underpinned by a patented granular adaptive baseline engine designed to minimize false positives in complex industrial networks. Its core technology targets critical infrastructure operators — energy grids, utilities, oil and gas, refining, water, and manufacturing — where attacks on industrial sectors rose 140% in 2022.

In July 2023, Honeywell International Inc. acquired SCADAfence to strengthen its OT and industrial cybersecurity software portfolio. Post-acquisition, the product has been repositioned as Honeywell Cyber Insights, an on-premises OT cybersecurity solution that integrates with the Honeywell Forge Cybersecurity+ Cyber Watch platform for multi-site governance and compliance monitoring. Distribution runs through Honeywell's global enterprise field sales organization, selling quote-based annual subscriptions bundled with professional deployment services to enterprise customers across Honeywell's industrial verticals.

Prior to acquisition, SCADAfence raised approximately $39.5M across six rounds from 2015 to 2023, with strategic investors including JVP, Global Brain, Rapid7, Mitsubishi Electric, Fujitsu Ventures, and Prosegur. The platform has been recognized in third-party rankings including Cyber Magazine's Top 10 OT Security Solutions (2025) and ABI Research's profile of leading ICS cybersecurity companies. Revenue is not separately disclosed as the entity operates as a subsidiary within Honeywell's Process Automation segment.

SCADAfence firmographics

Firmographics
Name
SCADAfence
Legal name
SCADAfence Ltd.
Website
https://scadafence.com
Company type
Private
Founded year
2014
Operating status
Acquired
Headcount range
51–100 employees
Short description
SCADAfence is an Israel-based OT and ICS cybersecurity platform acquired by Honeywell in 2023, now marketed as Honeywell Cyber Insights. It provides passive network monitoring, asset discovery, and threat detection for critical infrastructure operators in energy, utilities, and process industries.
Ownership category
akta.pro rank

SCADAfence industry classification

Industry
Product category
OT/ICS Cybersecurity Software
NAICS
Software Publishers (513210), Computer Systems Design and Related Services (54151)
SIC
Services-Prepackaged Software (7372)
akta.pro primary industry
Industrial Control System (ICS) & SCADA Security (HDADAJAA)
akta.pro secondary industries
Control System Cybersecurity for OT (ICS Security, Monitoring, Hardening) (IMAGABAL), SCADA/ICS Security (DCS/PLC/RTU) & Secure Remote Access (EUADANAB)

Keywords

  • OT cybersecurity software
  • ICS threat detection
  • Industrial network monitoring
  • OT asset discovery
  • Critical infrastructure protection

Where SCADAfence is headquartered

Location

Headquarters

HQ city
Tel Aviv
HQ country
Israel
HQ region
Middle East

Offices1 record

Markets served

SCADAfence business model

Business model
GTM type
B2B
Offering type
Software
Cost components
Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure

Revenue model

  1. Subscription Software: SCADAfence's core offering is delivered as subscription software installed in OT environments, providing ongoing cybersecurity monitoring and threat detection capabilities with standard technical support during the subscription period.
  2. Professional Deployment Services: One-time deployment services are offered alongside the subscription software to implement the solution in customer OT environments.

Pricing tiers

ModelBillingPrice
SubscriptionAnnualEnterprise subscription with deployment services

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

SCADAfence product offering

Product offering

Core offering

SCADAfence provides OT and ICS cybersecurity software that delivers passive network monitoring, automated asset discovery, and near real-time threat and anomaly detection for industrial control environments. The platform is sold as subscription software accompanied by one-time professional deployment services, targeting energy, utility, manufacturing, and critical infrastructure operators globally.

Product overview

SCADAfence, now a Honeywell company following its July 2023 acquisition, offers OT/ICS cybersecurity solutions. Honeywell's primary OT cybersecurity product offering is Honeywell Cyber Insights—an on-premises, site-specific solution designed to provide visibility into OT networks, automated asset discovery, and threat detection. The solution integrates with Honeywell Forge Cybersecurity+ I Cyber Watch for multi-site governance and compliance monitoring. SCADAfence operates as an acquired brand within Honeywell's broader cybersecurity portfolio aimed at protecting industrial operations, energy infrastructure, and critical manufacturing environments.

Differentiator

Problem solved

Functional benefit

Products and services

  • Honeywell Cyber Insights On-premises OT cybersecurity solution providing near real-time visibility into identified threats, anomalous behavior, and vulnerabilities, with automated asset discovery, advanced monitoring, and a patented adaptive baseline security engine for threat detection. Designed for industrial operators running operational technology and control systems.
  • SCADAfence OT/ICS Cybersecurity Platform Israel-based OT/ICS cybersecurity platform providing passive network monitoring, threat detection, asset discovery, and communication-pattern analysis for operational technology and industrial control system environments. Now marketed and sold as part of Honeywell's OT cybersecurity portfolio to energy, utility, manufacturing, and critical infrastructure operators.

Quantifiable outcome

  • The Cyber Physical Systems security market is projected to grow at 13.0% CAGR to reach $18.51 billion by 2030
  • +1 more outcomes

Companies that use SCADAfence

Customer profile

Named customers1 record

Segments2 records

Ideal customer profiles2 records

SCADAfence technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature3 records

SCADAfence partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • Honeywell International Inc.coreStrategic or Co-development Partner · 1 July 2023Honeywell International Inc. acquired Israel-based SCADAfence Ltd. in July 2023 to strengthen its operational technology and industrial control system cybersecurity software portfolio. SCADAfence operates as part of Honeywell's Process Automation and Industrial Automation segments, integrated into Honeywell's cybersecurity offerings including the Honeywell Forge platform and Cyber Watch multi-site monitoring capabilities.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

SCADAfence competitors and assessment

Company assessment

Direct peers

  • Claroty: OT/ICS and industrial cybersecurity specialist serving critical infrastructure operators with asset visibility, vulnerability management, and threat detection. Closely comparable product scope and target customer base.
  • Nozomi Networks: OT and IoT cybersecurity vendor specializing in asset discovery, network monitoring, and anomaly detection for industrial control systems. Directly competes in the same enterprise critical-infrastructure RFPs.
  • Armis: Asset intelligence and OT/IoT security platform providing passive device discovery, risk assessment, and threat detection across IT, OT, and IoT environments. Overlaps with SCADAfence on OT visibility and asset inventory.
  • Dragos: Pure-play OT/ICS cybersecurity platform offering asset discovery, threat detection, and incident response for industrial networks. Direct head-to-head competitor in the same critical-infrastructure buyer segment with comparable passive-monitoring and protocol-coverage capabilities.

Broad incumbents

  • Palo Alto Networks: Large cybersecurity platform with OT security capabilities (including the acquisition of industrial security vendors). Competes with SCADAfence through its Cortex and industrial security offerings.
  • Check Point Software: Broad cybersecurity incumbent with OT/ICS security solutions and protocol-aware firewall and segmentation capabilities. Overlaps with SCADAfence in protecting industrial networks at the perimeter and network layer.
  • Darktrace: AI-driven cybersecurity platform with an OT/ICS detection module (Darktrace for OT). Competes with SCADAfence in industrial customer environments through a broader enterprise AI security portfolio.
  • Fortinet: Broad cybersecurity incumbent with FortiGate/OT-focused offerings for industrial segmentation and protocol-aware network security. Competes with SCADAfence at the network and segmentation layer of OT architectures.

Emerging players

  • OTORIO: OT cybersecurity vendor offering risk management, asset visibility, and threat detection for industrial environments. Profiled alongside SCADAfence in ABI Research's ICS cybersecurity list as a focused OT competitor.

Others

  • Rapid7: Cybersecurity analytics and vulnerability management vendor; also an investor in SCADAfence's 2021 funding round. Adjacent ecosystem participant offering complementary IT-side visibility that often pairs with OT security programs.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

SCADAfence social profiles

Digital presence

SCADAfence financial estimates

Financial estimate

Revenue estimate

Valuation estimate

SCADAfence leadership team

Management profile

Number of profiles

Profiles3 records

SCADAfence funding detail

Funding detail

Funding overview

Funding rounds6 records

Investors14 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

SCADAfence M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SCADAfence

What does SCADAfence do?

SCADAfence provides OT and ICS cybersecurity software that delivers passive network monitoring, automated asset discovery, and near real-time threat and anomaly detection for industrial control environments. The platform is sold as subscription software accompanied by one-time professional deployment services, targeting energy, utility, manufacturing, and critical infrastructure operators globally.

Is SCADAfence a public or private company?

SCADAfence is a private company. It is classified as corporate owned and is currently acquired.

When was SCADAfence founded?

SCADAfence was founded in 2014. It employs 51 to 100 people.

Where is SCADAfence based?

SCADAfence is headquartered in Tel Aviv, Israel, in the Middle East region.

How does SCADAfence make money?

Two revenue lines are on record. Subscription Software is the primary driver. The others are professional Deployment Services.

Who are SCADAfence's main competitors?

Direct peers on record are Claroty, Nozomi Networks, Armis and Dragos. Broad incumbents are Palo Alto Networks, Check Point Software, Darktrace and Fortinet. OTORIO is listed as an emerging player. Rapid7 is listed as an others.

Does SCADAfence have an API?

No public API is recorded for SCADAfence.

What industry is SCADAfence in?

SCADAfence's product category is OT/ICS Cybersecurity Software. Its primary akta.pro industry code is HDADAJAA, Industrial Control System (ICS) & SCADA Security, with a secondary code of IMAGABAL, Control System Cybersecurity for OT (ICS Security, Monitoring, Hardening). Its NAICS code is 513210 and its SIC code is 7372.

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Live signals
openPR.comLeading Companies Consolidating Their Presence in the Cyber Physical Systems (CPS) Security MarketThe Cyber Physical Systems security market is projected to reach $18.51 billion by 2030, growing at a compound annual growth rate of 13.0%, driven by AI-driven threat detection adoption, increased cloud security measures, and expanding cybersecurity investments in energy, utilities, and smart infrastructure sectors. In July 2023, Honeywell International Inc. acquired Israel-based SCADAfence Ltd. to strengthen its operational technology and industrial control system cybersecurity software portfolio. Additionally, Netherlands-based Indurex B.V. launched an AI-native CPS security platform in January 2026, integrating operational technology, safety, and engineering signals for context-aware threat detection.Abiresearch9 Accomplished ICS Cybersecurity Companies That Can Protect Your Industrial Operations from AttacksThis article profiles nine companies offering Industrial Control Systems (ICS) cybersecurity solutions: Palo Alto Networks, Fortinet, ABB, Dragos, OTORIO, Rapid7, SCADAfence, Siemens, and Trend Micro. The article notes that attacks on industrial sectors increased by 140% in 2022, highlighting the growing cyberthreat to critical infrastructure. Each company is described in terms of its specific product offerings, security platforms, and services for protecting operational technology environments, serving as a buyers guide rather than reporting on specific company events or transactions.of Cybersecurity NewsTop 10 OT PlatformsCyber Magazine profiles the top 10 operational technology platforms for 2024, including SCADAfence, Nozomi Networks, and Siemens. The platforms offer features like asset discovery, threat detection, and vulnerability management, addressing IT-OT convergence challenges. The list highlights AI-driven and zero-trust approaches to protect critical infrastructure.HoneywellInvestor Relations Insights: August 2023 EditionHoneywell International reported strong second quarter 2023 results, with 6% EPS growth year-over-year, 34% free cash flow growth, and a record backlog of $30.5 billion, while raising full-year 2023 guidance to revenue of $36.7-37.3 billion and adjusted EPS of $9.05-9.25. The company announced three technology-focused acquisitions in Q2, including the closing of the approximately $700 million Compressor Control Corporation acquisition, the acquisition of Israel-based OT/IoT cybersecurity firm SCADAfence, and a signed agreement to acquire Saab's heads-up-display assets. Honeywell also detailed new strategic priorities from new CEO Vimal Kapur, including technology developments in sustainable aviation fuel and a focus on deploying generative AI across operations beginning in 2024.FinSMEsHoneywell to Acquire SCADAfenceHoneywell acquired SCADAfence, an Israeli OT and IoT cybersecurity provider, with the deal amount undisclosed. The acquisition will expand Honeywell's Cybersecurity Center of Excellence in Tel Aviv and integrate into the Honeywell Forge Cybersecurity+ suite. The transaction is expected to close in the second half of 2023, subject to regulatory approvals.BenzingaHoneywell Strengthens Cybersecurity Software Portfolio With Acquisition Of SCADAfence - Honeywell Intl (NHoneywell International Inc has agreed to acquire SCADAfence, a Tel Aviv-based provider of operational technology and Internet of Things cybersecurity solutions, expanding Honeywell's OT cybersecurity portfolio and its Cybersecurity Center of Excellence in Israel. The transaction, expected to close in the second half of 2023, will integrate SCADAfence's product portfolio into the Honeywell Forge Cybersecurity+ suite, enabling end-to-end cybersecurity solutions across asset, site, and enterprise levels for key Honeywell sectors. The OT cybersecurity market is projected to grow to over $10 billion in the coming years, particularly in the industrial sector.HoneywellHoneywell to Acquire SCADAfence, Strengthening its Cybersecurity Software PortfolioHoneywell (Nasdaq: HON) announced it has agreed to acquire SCADAfence, a leading provider of operational technology (OT) and IoT cybersecurity solutions headquartered in Tel Aviv, Israel, with the transaction expected to close in the second half of 2023. The acquisition will integrate SCADAfence's product portfolio into the Honeywell Forge Cybersecurity+ suite within Honeywell Connected Enterprise, strengthening Honeywell's OT cybersecurity capabilities in an industry projected to grow to over $10 billion. The deal is subject to customary closing conditions and regulatory approvals.PR NewswireSCADAfence Broadens Global Presence Via Strategic Funding From Three Major InvestorsSCADAfence announced the closing of a new funding round with investments from Fujitsu, Mitsubishi Electric, and Prosegur, aimed at enhancing its global presence and strengthening partnerships. This funding will support SCADAfence's growth by allowing it to expand into new markets and increase its sales and support teams. The company's solutions are increasingly crucial as cyber threats to operational technology (OT) networks grow in prevalence.PR NewswireSCADAfence Named Finalist in Black Unicorn Awards for 2022SCADAfence, an Israeli OT and IoT cybersecurity company, was named a finalist in the 2022 Black Unicorn Awards, which recognize cybersecurity companies with potential to reach a $1 billion valuation. The company was selected from a large pool of industry-leading providers and is backed by investors including JVP, Global Brain, and strategic partner Rapid7. SCADAfence's CEO and major investors expressed confidence in the company's trajectory toward achieving unicorn status.PR NewswireSCADAfence Discovers First-Ever Vulnerabilities In Widely Deployed BMS DevicesSCADAfence's cybersecurity research team discovered major vulnerabilities in Alerton's Ascent Building Management System devices, prompting NIST to issue the first-ever CVEs for Alerton, a Honeywell subsidiary since 2005. The most serious vulnerability received a base score of 8.8, indicating a very high-impact exposure that could allow threat actors to make unauthorized configuration changes to BMS devices without detection. If exploited, the vulnerabilities could enable attacks on critical infrastructure including IVF clinics, pharmaceutical facilities, server farms, and food production facilities, potentially causing catastrophic damage or health risks.