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5. CyberArk Software Ltd. (NASDAQ:CYBR)

Number of Hedge Fund Holders: 57

CyberArk Software Ltd. (NASDAQ:CYBR) is a cybersecurity company offering Privileged Access Management (PAM) solutions that help secure and control privileged access to sensitive systems and data. The company is also integrating AI into its cybersecurity solutions to test AI models for security vulnerabilities. On March 10, the company announced a strategic partnership with Device Authority and Microsoft.

The companies have joined forces and launched a comprehensive solution for secure device authentication in manufacturing environments. The AI-powered solutions seek to help manufacturers reduce cyber risk from connected devices on factory floors and edge environments. The collaboration should broaden CyberArk Software Ltd.’s (NASDAQ:CYBR) target market beyond conventional enterprise environments and into industrial sectors. The association with Microsoft may also provide channel collaborations. This strategy aligns with wider industry movements towards zero-trust frameworks in industrial contexts and strategically places CyberArk in a strong position within the merging IT/OT security landscape.

Dayan Rodriquez, Corporate Vice President, Manufacturing & Mobility, Microsoft, said, “As connected technologies become more embedded in manufacturers operations, protecting these devices is critical. This collaboration provides manufacturers with a comprehensive approach to their IoT security, directly aligned with NIST’s latest guidelines. With an ecosystem-based security solution, manufacturers can protect their operations from the factory floor to the edge, ensuring regulatory compliance and resilience against cyber threats.”