iS5 Communications Completes CDN $22M Financing Round

iS5 CommunicationsiS5 Communications, a Mississagua, Ontario, Canada-based provider of cyber-secure industrial platforms, completed a CDN $22m round of funding.

The round was led by Phoenix Contact Innovation Ventures with participation from new investors, existing shareholders and management. Representatives from Phoenix Contact Innovation Ventures and ClearSky have joined iS5Com’s Board of Directors.

The company intends to use the funds to further enhance its RAPTORâ„¢ platform and to develop advanced innovative solutions for securing critical infrastructure communications and networks.

Led by Clive Dias, Founder and CEO, iS5Com is a global provider of integrated services, solutions, and a manufacturer of Intelligent Cyber-Security Industrial Communications Platforms. Its products are designed to meet the demand requirements to protect the critical infrastructure communications of utility sub-stations, roadside transportation, rail, and industrial applications. iS5Com’s services and products are key enablers for advanced technology implementation such as the Smart Grid, Intelligent Transportation Systems, Intelligent Oil Field, and Internet of Things.
RAPTORâ„¢ gives users the ability to securely connect and manage their mission critical networks from current and future cyber-security threats.

FinSMEs

07/08/2018

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