In a recent funding round, cybersecurity firm Salvador Technologies, known for its cyber-attack recovery solutions for critical infrastructures, has successfully raised $6 million. Pico Venture Partners led the investment, with participation from existing backers including Pitango VC and Sarona Partners, underscoring their continued support for Salvador’s vision.
Founded in 2020 by CEO Alex Yevtushenko and CTO Oleg Vusiker, Salvador Technologies has transformed the cyber resilience landscape with its cutting-edge platform featuring patented security failover technology. This addresses a critical need by facilitating swift recovery from cyber-attacks and malfunctions, minimizing operational downtime, especially in the context of Operational Technology (OT) and Industrial Control Systems (ICS).
The core mission of Salvador Technologies is to ensure uninterrupted operational continuity in critical infrastructures. Their platform diverges from traditional recovery protocols, boasting an impressive recovery time of just 30 seconds following cyber incidents or system malfunctions. This is particularly significant considering the average downtime after a cyber-attack can extend to three weeks, resulting in substantial direct and indirect damages.
The newly secured $6 million funding is earmarked for enhancing Salvador’s platform capabilities and extending its footprint across a broader spectrum of industries.
Alex Yevtushenko, Co-Founder and CEO of Salvador Technologies, stressed the urgency of their mission, stating, “The number of cyber-attacks on critical infrastructures is exponentially increasing. 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.”
Tal Yatsiv, General Partner at Pico Venture Partners, highlighted Salvador’s unique market position, describing it as a solution to a significant problem in the underserved OT cybersecurity market. He emphasized the company’s innovative solution as an insurance policy for organizations, eliminating risk by ensuring immediate full recovery post-attack or system malfunction.
