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Indurex Raises Nearly $8 Million to Expand Industrial Cybersecurity Platform

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Summary

Industrial cybersecurity firm Indurex raised €7 million, about $7.84 million, to fund R&D and expand commercial operations in Europe and the Middle East. Its SafeGuard AI platform analyzes industrial and security data to flag anomalies and configuration changes.

Key points

  • Indurex raised €7 million, approximately $7.84 million, in a round led by Contrarian Ventures, with Axeleo Capital and Curiosity also participating.
  • The company plans to use the funding for research and development and commercial expansion in Europe and the Middle East, with the United States and Asia-Pacific markets planned afterward.
  • Indurex’s SafeGuard AI platform is designed to analyze data from industrial control, safety, process, alarm-management and IT security systems.
  • The company says the platform aims to identify anomalies and changes to engineering configurations, protection settings and safety functions for operator review.
  • Indurex says early customers include energy and manufacturing operators; it is also targeting utilities and data center operators.

Article Details

Event Type
Industrial cybersecurity company funding announcement
Impact
Indurex raised €7 million (roughly $7.84 million) in a round led by Contrarian Ventures, with Axeleo Capital and Curiosity participating. The company plans to use the funding for research and development and commercial expansion in Europe and the Middle East, followed by the United States and Asia-Pacific.

People

Jalal BouhdadaFounded Indurex and serves as its CEO.Maarten OosterinkFounded Indurex and serves as its COO.

Vendors

IndurexAmsterdam-based industrial cybersecurity firm Indurex has raised €7 million (roughly $7.84 million) in a round led by Contrarian Ventures, with Axeleo Capital and Curiosity also participating.

Products

SafeGuard AIIts SafeGuard AI platform is designed to analyze data from distributed control systems, safety instrumented systems, process historians, alarm management systems and IT security tools.

Industries

EnergyIndurex says its early customers include energy and manufacturing operators, from mid-sized companies to multinational enterprises.Industrial cybersecurityAmsterdam-based industrial cybersecurity firm Indurex has raised €7 million (roughly $7.84 million) in a round led by Contrarian Ventures, with Axeleo Capital and Curiosity also participating.ManufacturingIndurex says its early customers include energy and manufacturing operators, from mid-sized companies to multinational enterprises.UtilitiesIt is also targeting utilities and data center operators.