Veracity Industrial Networks, an Alijo Viejo, CA-based developer of Industrial SDN-based technology for operational networks, closed its $1.5m Seed D funding round.
Backers included Microsemi, Hollencrest Capital Management and Schweitzer Engineering Laboratories (SEL).
The company intends to use the funds to continue to develop and produce next-generation solutions for industrial cybersecurity products for critical infrastructure, such as power plants and water treatment facilities.
Led by CEO Paul Myer, Veracity delivers a secure industrial network that provides an on-premises, centralized configuration, control, and monitoring solution that tracks all connected devices and their communications.
The company recently announced it has delivered on the first phase of project “Chess Master” with the U.S. Department of Energy and partners Schweitzer Engineering Laboratories, Ameren Corporation and Sempra Energy to bring new capabilities to today’s industrial networks.