In a recent update, the pioneering cyber-recovery platform provider, Salvador Technologies, confirmed that they have garnered investment from the largest telecommunications provider in the European Union, Deutsche Telekom. The move, facilitated by Deutsche’s hubraum Fund, is part of the company’s efforts to scout and support early-stage tech companies.
hubraum’s role as an intermediary extends beyond simple financial support alone, helping its portfolio companies to forge connections with business and technology ecosystem partners worldwide. This strategic advantage opens the door for innovators to tap into Deutsche Telekom’s vast customer base.
Stepping into the finance light, Salvador Technologies is to channel these funds into expanding its sales distribution for its platform catered towards mitigating risks of cyber-attacks. Currently, the firm aims to strengthen its bond with sales channel and technology ecosystem partners in the DACH region, Poland, the U.S., and parts of Europe.
To avoid the costly repercussions of downtime in Operational Technology (OT) and Industrial Control Systems (ICS), Salvador Technologies has engineered a patented security failover solution. The process encapsulates all facets of the operation, from hardware linked to the HMI or SCADA, an agent software, to a monitoring system. Bypassing standard recovery norms, Salvador Technologies boasts the capability of recovering from cyber anomalies within a remarkably short span of 30 seconds.
Not limiting itself to direct sales, the company leverages channel partners such as managed security service providers (MSSPs), system integration (SIs) firms, and value-added resellers (VARs). These allies utilize Salvador’s air-gapped platform to augment and diversify their cybersecurity service umbrella.
Speaking on the investment, Tamar Shlimak, Investor at Deutsche Telekom’s hubraum Fund outlined, “Deutsche Telekoms is committed to ensuring business continuity, especially in light of the spike in cyberattacks against critical infrastructure and operational technology systems over the past few years and we recognize the significant potential of Salvador Technology’s recovery solution for critical systems.”
Correspondingly, Alex Yevtushenko, Co-Founder and CEO of Salvador Technologies, expressed his contentment saying, “We are tremendously pleased with our strategic efforts with Deutsche Telekom both as an investor and a potentially valuable business partner.”
Based on Salvador Technologies’ successful endeavours in providing premium cyber-attack recovery solutions, this collaboration forecasts potential expansion of business operations into Europe and the United States in the near future. With Deutsche Telekom’s strong global presence and Salvador Technologies’ cutting-edge solutions, the alliance expects to positively impact industrial cybersecurity operations.
