OT Cybersecurity Firm Mission Secure Raises $5.6 Million in Series B Funding
Mission Secure, a provider of visibility and cybersecurity solutions for industrial environments, announced this week that it has closed a Series B financing round in the amount of $5.6 million.
The company raised its first outside funding through a seed round in late 2014, and has consistently added funding over the years, with the total amount raised by the company now at $22.5 million.
Mission Secure will use the new funding to advance its product offerings and hire more talent to support its managed services group.
The company’s flagship cyber-protection platform includes visibility, segmentation, and other protections for operational technology (OT) environments, and provides signal-integrity monitoring—an approach that goes beyond looking at network traffic alone and monitors physical process signals (Level 0 on the Purdue Model) to detect threats and protect equipment.
“The cybersecurity concerns associated with OT have never been higher which is driving extraordinary levels of customer interest and demand,” said David Drescher, Chief Executive Officer and Co-Founder of Mission Secure. “Our Series B funding is an investment by industry leaders helping us bring even greater OT technology innovations to market with our Mission Secure Platform and recruit the best and brightest OT cybersecurity experts for our Managed Services team to support our mission of protecting our global customers’ OT networks and safeguarding their operations.”
The Series B funding round was co-led by IREON Ventures, the corporate venture innovation arm of Motor Oil Hellas; Energy Innovation Capital, and Blue Bear Capital Partners.
Other Series B investors include Chevron Technology Ventures and the University of Virginia LVG Seed Fund.
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