Indegy, a Palo Alto, CA-based industrial cyber security company, closed a $12M Series A round of financing.
The round was led by Vertex Ventures Israel with participation from Aspect Ventures, SBI Holdings of Japan as well as previous investors Shlomo Kramer and Magma Venture Partners. As part of the financing, Aviad Ariel of Vertex Ventures will be joining Indegy’s Board of Directors. Theresia Gouw, co-founder and managing partner of Aspect Ventures backed her firm’s investment in the company.
The company, which has raised $18M to date, will use the funds to scale its sales and marketing operations in North America, Europe and Asia, as well as R&D in Israel.
Led by Barak Perelman, CEO, Indegy provides a platform that enables ICS engineers and security staff to discover changes to devices used to operate industrial processes and equipment that may indicate an attack, before damage can be done.
The platform, purpose built for protecting ICS environments across critical infrastructures — energy, water utilities, petrochemical plants, manufacturing facilities, etc., provides visibility and control to ensure operational safety and protect against cyber attacks, malicious insiders and operational mistakes. It monitors all ICS network activity with a unique focus on proprietary control-layer protocols, and detects industrial control configuration changes in real-time.