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SIGA launches in Luxembourg to support the OT cybersecurity of critical infrastructure and manufacturing hubs in Europe

SIGA launches in Luxembourg
SIGA announces its European HQ in Luxembourg to rapidly scale SIGA's services for the cyber defence of national infrastructure and manufacturing facilities across Europe. SIGA will leverage its new Luxembourg office to expand its customer base and distribution networks with industrial automation and OT cybersecurity partners.

SIGA joined the House of DeepTech Roundtable with the Ministry of Economy of Luxembourg and Chief Information Security leaders in Europe last week to trade notes on best practices and lessons learned internationally.

"Moving beyond the network security layer to level zero is critical to the effective cyber risk governance of our manufacturing hubs and critical infrastructure. We welcome SIGA into Luxembourg and to accelerate the company's impact across the European Union."

-Francois Thill, Ministry of Economy, Director of Cybersecurity and Digital

The global cybersecurity market, valued at USD 183.34 billion in 2020, has a CAGR of 11.6% from 2021-to 2030.  Analysts predict it to reach USD 539.78 billion by 2030 (Research and Markets, Oct 6, 2021). Luxembourg was a natural choice for SIGA's European headquarters, as it was recently voted second most inclusive economy globally and second in the world for market access and infrastructure.

The accelerating pace of cyber attacks on infrastructure poses greater public safety and economic risks to industry and the public and forces CISOs to anticipate a third-party risk. Accidents can be as catastrophic as attacks, as Chernobyl demonstrated so well. The high effectiveness of level zero detection of incipient attacks and accidents adds unique value to the cyber risk governance stack.

As for every system connected to the Internet, CISOs must adequately secure their industrial control systems. Yet industrial physical processes are often overlooked in this mission because they are tied to legacy mission-critical systems and depend heavily on low-level sensor/actuator infrastructure.

SIGA's mission in Europe is to expand its footprint to secure the integrity of critical OT processes by delivering AI-enhanced monitoring and in-depth operational situational awareness. SIGA's unique machine-learning-based solution is designed to monitor the most reliable level of process data within any operational environment, the physical layer, and detect anomalies that indicate cyberattacks or operational faults.

Through SIGA's Incipient Failure Detection solution, SigaGuard, the company mission is to secure the integrity of critical OT physical processes by delivering AI-enhanced monitoring and uncovering in-depth operational perception for secure, safe, productive & continuous operation. SIGA's technology incorporates a comprehensive process anomaly detection system that monitors critical assets using LEVEL 0 ICS electrical signals-based predictive analysis and artificial intelligence. It is an autonomous and intelligent "out-of-band" solution and cannot be hacked or manipulated.

"SIGA selected Luxembourg as our strategic gateway to the European Union. With the support of our partners at the House of DeepTech and the Ministry, we can accelerate our R&D development, investments, and commercial scale."

- Amir Samilioff, CEO of SIGA OT Solutions.

SIGA's investors include PureTerra Ventures, a Dutch fund that specialises in water and infrastructure investments, AWZ Ventures, SIBF, Moore Strategic Ventures, and a German electrical and control systems manufacturer, Phoenix Contact.

In collaboration with its global industrial automation partners, SIGA will build on its global footprint of energy, oil and gas, water utilities, data centres, and heavy industrial and manufacturing clients.

About SIGA OT Solutions
SIGA OT Solutions is an Israeli OT Cybersecurity company providing critical infrastructure and industrial assets cybersecurity protection services. SIGA's technology incorporates a comprehensive process anomaly detection system that monitors critical assets using LEVEL 0 ICS electrical signals-based AI.  https://www.sigasec.com

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The project will bring together Mitsubishi Chemical’s deep experience of computational chemistry and PsiQuantum’s leading expertise in fault-tolerant quantum computing to push the boundaries of approaching the complex physics in these systems and pave the way to developing new, more powerful energy-efficient photonic materials. Philipp Ernst, Head of Solutions at PsiQuantum, said: “PsiQuantum has dedicated teams who identify, describe and solve complex problem sets with best-in-class quantum algorithms. These are designed specifically to run on fault-tolerant quantum computers and will tackle previously-impossible computational challenges. This partnership will leverage our team’s unique know-how and Mitsubishi Chemical’s expertise in photochromic materials. We are grateful for MUFG’s visionary support in our mission to deploy high-impact quantum computing solutions to fight climate change.” Suguru Azegami, Managing Director, Sustainable Business Division, MUFG said: “We are excited to partner with PsiQuantum and Mitsubishi Chemical on our journey to explore possibilities of quantum computing technologies to solve the imminent global challenge. PsiQuantum’s vision to develop the first utility scale quantum computer before the end of the decade has inspired us, which led our initiative to participate in the Qlimate partnership as the first and sole member from Japan. Mitsubishi Chemical is leading efforts to use the cutting-edge technology to develop next generation materials and we are honored to support the company as its long term financial partner.” Qi Gao, Senior Chief Scientist, Mitsubishi Chemical said: “We are pleased to be part of the partnership and are grateful for MUFG’s support. 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