CyberX

The company's core business centered on providing a robust solution for reducing risk from unmanaged and often unpatchable Internet of Things (IoT) and ICS devices. CyberX served clients across various critical sectors, including energy providers, pharmaceutical companies, and national utilities. Its business model involved selling its industrial cybersecurity platform, which offered continuous monitoring and vulnerability management, either for on-premises deployment, cloud-connectivity, or hybrid models.

The CyberX platform's primary function was to provide real-time visibility into complex industrial networks, automatically discovering and mapping all connected assets without disrupting operations. A key differentiator was its patented, machine learning-based behavioral analytics technology, which was specifically designed for machine-to-machine (M2M) communications and specialized ICS protocols. This agentless system could detect anomalous or unauthorized behavior that might indicate a cyberattack, providing real-time alerts and risk assessments. The platform integrated with existing Security Operations Center (SOC) tools like SIEMs and firewalls to unify security governance across both IT and OT domains. In June 2020, recognizing the platform's strategic value in securing the expanding IoT landscape, Microsoft acquired CyberX for a reported $165 million, integrating its technology into what is now Azure Defender for IoT.