Barbara IoT Raises €2.5M in Funding

Barbara IoT, a Bilbao, Valencia, and Madrid, Spain-based provider of a cybersecurity operating system to protect industrial equipment, raised €2.5M in funding.

The round was led by Caixa Capital Risc, the venture capital arm of CriteriaCaixa and lead investor through its Criteria Venture Tech fund, and Iberdrola, through Perseo, with participation from GoHub, Bizkaia Seed Capital and Basque Fondo.

The company intend sto use the funds to consolidate its leadership in the smart grid industry and to expand into new markets in the critical infrastructure sector.

Led by David Purón and Isidro Nistal, Barbara IoT has created a cybersecure operating system that allows it to connect and protect industrial equipment with an anti-hacker shield. Through its software, the company collects data from sensors and industrial equipment, and runs artificial intelligence algorithms to detect anomalies or automate processes in real time. The technology allows real-time processing and data analysis in photovoltaic plants, high and medium voltage grids, as well as substations. Barbara IoT is already working with multinationals in critical environments such as energy, water management, emergency services and more. Clients include Iberdrola, Cellnex, Grupo Red Eléctrica, Grupo DIA and Global Omnium.