Summary: DeNexus, a Boston-based company specializing in cyber risk management for operational technology, has secured $17.5 million in Series A funding to enhance its growth and product offerings. The investment was led by Punja Global Ventures, with notable participation from AXA XL and others, and aims to establish a global standard in industrial cyber risk management.
Threat Actor: DeNexus | DeNexus
Victim: N/A | N/A
Key Point :
- DeNexus raised $17.5M in Series A funding to accelerate growth and expand its product offerings.
- The investment will support the development of its flagship product, DeRISK™, which uses AI and ML to forecast incident probabilities and financial risks.
- Global 1000 companies in sectors like energy and manufacturing utilize DeNexus’ solutions for cyber risk management.
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
Source: https://www.finsmes.com/2024/10/denexus-raises-17-5m-in-series-a-funding.html