Actelis Unveils AI-Driven Cybersecurity SaaS for IoT Networks
Actelis Networks, Inc. (NASDAQ: ASNS), a prominent provider of cyber-hardened and rapidly deployable networking solutions for IoT applications, has announced a significant partnership with an advanced cybersecurity firm. This collaboration is set to create and launch a groundbreaking AI-Powered Software as a Service (SaaS) solution as part of Actelis’ initiative called ‘Cyber Aware Networking’. The new software is designed to act as an intelligence layer integrated into Actelis’ networking devices. It leverages the inherent capabilities of the network along with IoT devices to monitor and protect physical assets, including cameras, sensors, and other devices situated at the network's edge. This proactive strategy enables corrective actions to be taken before any potential issues can disrupt the broader network.
Boosting Security with Cyber Aware Networking
Actelis’ ‘Cyber Aware Networking’ solution significantly enhances the security, efficiency, and operational reliability of IoT networks. By integrating enterprise-grade AI Asset Intelligence and Threat Management capabilities directly into the network infrastructure, this initiative positions Actelis to deliver secure, comprehensive, and scalable IoT connectivity solutions. These enhancements are particularly advantageous for critical infrastructure applications, such as those used by local and federal governments, utility companies, intelligent transportation systems, and airport operations.
Insights from Leadership
Tuvia Barlev, Chairman and CEO of Actelis, emphasizes the critical importance of data protection, especially with the deployment of tens of thousands of Actelis devices across essential IoT networks globally. Barlev pointed out that the addition of a protective layer can empower businesses to not only detect and report cyber-attacks and operational issues but also to implement immediate, actionable responses directly through the communication network. This approach goes beyond merely strengthening network security; it also incorporates cybersecurity measures for devices located at the most vulnerable points of the network.
Responding to the Growing Threat Landscape
The urgent need for improved security measures is highlighted by the increasing number of cyber-attacks targeting IoT devices. A report from the Ponemon Institute reveals that 63% of organizations expect a significant rise in the frequency of IoT-related attacks. Actelis’ new solution is designed to address these challenges by offering comprehensive visibility, full monitoring capabilities, and advanced threat detection specifically tailored for IoT networks.
Utilizing AI and Machine Learning
The ‘Cyber Aware Networking’ architecture incorporates AI and machine learning, providing advanced threat detection and mitigation that is not only easy to deploy but also quickly adaptable and scalable for large networks. This collaboration aligns with Actelis’ strategic objective to enhance its market presence in the IoT sector while demonstrating the company’s commitment to evolving cybersecurity needs through its vision of ‘Cyber Aware Networking’. Additionally, this initiative is expected to increase recurring software revenues. As the IoT market continues to expand, the demand for secure and resilient network solutions becomes even more pressing. Actelis’ integrated solution is well-equipped to meet this demand, ensuring enhanced protection and reliability for IoT frameworks.
Market Insights
Forecasts suggest that the global IoT security market is projected to reach $306 billion by 2032, fueled by the growing adoption of IoT devices and an increasing number of cyber threats. Actelis is strategically targeting the sectors most affected by these risks, such as government, energy, and transportation, thereby laying the groundwork for the success of its new cybersecurity offering. Currently, IoT edge devices have relatively lower security measures compared to IT networks, presenting a significant opportunity for Actelis to address this gap.
About Actelis Networks, Inc.
Actelis Networks, Inc. (NASDAQ: ASNS) is a leader in developing cyber-hardened, rapid-deployment networking solutions tailored for wide-area IoT applications across various sectors, including federal, state, and local governments, intelligent transportation systems, military operations, utility services, railroads, telecom, and university campuses. The company’s unique combination of hybrid fiber-copper environmental hardened aggregation switches, high-density Ethernet devices, advanced management software, and cyber-protection capabilities unlocks significant value in essential networks, ensuring safer connectivity for rapid and cost-effective deployment. For more information, please visit the official Actelis website.
Contact Information
Media Contact:
Sean Renn
Global VP Marketing & Communications
srenn@actelis.com
Investor Contact:
ARX | Capital Markets Advisors
North American Equities Desk
actelis@arxadvisory.com
Frequently Asked Questions
1. What is the main purpose of the AI-Powered SaaS developed by Actelis?
The AI-Powered SaaS aims to enhance security, efficiency, and operational continuity for IoT networks by providing advanced monitoring and protective capabilities against cyber threats.
2. Who is Actelis partnering with for this new initiative?
Actelis is partnering with an advanced cybersecurity provider to develop and launch the new AI-powered SaaS under its ‘Cyber Aware Networking’ initiative.
3. How does the 'Cyber Aware Networking' solution work?
This solution integrates within Actelis’ networking devices to monitor, detect, and mitigate cyber-attacks and operational faults, allowing for immediate response actions at the edge of the network.
4. What sectors benefit most from Actelis' IoT security solutions?
Key sectors benefiting include government, energy, transportation, and various critical infrastructure applications that require robust and secure IoT connectivity.
5. What market trend is driving the need for Actelis' cybersecurity offerings?
The increasing number of cyber-attacks on IoT devices is driving demand, with market predictions suggesting significant growth in the IoT security sector over the coming years.
