TEL AVIV (Reuters) - Israeli defence electronics contractor Elbit Systems (ESLT.TA) (ESLT.O) said on Monday its wholly owned subsidiary Cyberbit raised $30 million from private equity investor Claridge Israel. Cyberbit provides cyber training and simulation technology as well as detection of cyber attacks and response. This investment will facilitate Cyberbit’s expansion of its sales and marketing operations, primarily in North America, enhance customer and partner support and boost development, Elbit said in a statement. “We see the cyber security field as a growth engine,” Elbit CEO Bezhalel Machlis said. Reporting by Tova Cohen; Editing by Tova Cohen
Cyberbit , a subsidiary of Israel ’s defense electronics contractor Elbit Systems , has secured funding of $ 30 m from private equity firm Claridge . The company , which offers cyber training , simulation software and a detection and response system , will use the funding to expand its sales and support operations and product development .