DeNexus, a Boston, MA-based company which specializes in end-to-end cyber risk management for operational technology (OT), raised $17.5M in Series A funding.
The round was led by Punja Global Ventures with participation from AXA XL, Prosegur/SegTech and HCS Capital. As part of this investment, Rimmo Jolly, co-founder at Punja Global Ventures, will join DeNexus’ Board of Directors, while Libby Benet, Global Chief Underwriter Officer at AXA XL, will join as a Board Observer.
The company intends to use the funds to accelerate its growth and expand its innovative product offerings and markets.
Led by CEO Jose Seara, DeNexus is an innovator in end-to-end cyber risk management for industrial networks. The company aims to establish the global standard in industrial cyber risk management for risk owners, shareholders, investors, boards, and the risk transfer market. Employing advanced simulation, AI, ML, and internal OT network data in its flagship product DeRISK™, it forecasts incident probabilities, translating them into quantifiable financial risks. The solution is used by Global 1000 companies in sectors like energy, manufacturing, transportation, and data center operations.
Its Board of Directors includes Jose Seara, Alex Horvitz, Herb Madan, Rosa Kariger and Rimmo Jolly, bringing their experience to guide the company’s strategic direction.
FinSMEs
16/10/2024