Cyberbit Ltd, a subsidiary of Elbit Systems Ltd and a global provider of cyber range training and simulation platforms, on Tuesday announced that it has received an investment of $70 million from Charlesbank Technology Opportunities Fund, a fund managed by Charlesbank Capital Partners.  The deal is a combination of a primary investment and a secondary purchase from Elbit Systems Ltd.  Existing investor Claridge Israel also participated in the round.   Rakesh Kharwal, MD-India, Cyberbit, said, “Along with the global expansion, this funding will also be leveraged to accelerate sales and marketing in India, to increase our existing reach within the financial and enterprise sector, and particularly to penetrate the higher education sector in India, where we’ve seen great success globally, by helping colleges and universities launch hands-on cybersecurity programmes based on cyber-range simulation.”

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