A supplier of awareness and cybersecurity tools for industrial environments, Mission Secure reported this week that it has completed a $5.6 million Series B funding round.
Via a seed round in late 2014, the firm received its first external investment and has steadily added funding over the years, with the cumulative sum raised by the company currently at $22.5 million.
The new funding will be used by Mission Secure to advance its product products and add more expertise to support its managed services division.
Visibility, segmentation and other safeguards for operational technology (OT) environments are incorporated in the company’s cornerstone cyber-protection platform and offers signal-integrity tracking, a strategy that goes beyond looking at network traffic only and measures physical process signals (Level 0 on the Purdue Model) to locate risks and secure infrastructure.
David Drescher, Chief Executive Officer and Co-Founder of Mission Safe, said, “The cybersecurity concerns associated with OT have never been higher which is driving extraordinary levels of customer interest and demand,” “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.”
IREON Ventures, the corporate venture innovation arm of Motor Oil Hellas; Energy Innovation Capital; and Blue Bear Capital Associates, co-led the Series B funding round.
Other partners in Series B include Chevron Technology Ventures and the LVG Seed Fund of the University of Virginia.