DeNexus (see Pulse 2.0 profile)—a leader in end-to-end cyber risk management for operational technology (OT)—announced it has raised $17.5 million in a Series A funding round. This funding will position DeNexus to accelerate its growth and expand its innovative product offerings and markets.
This funding round was led by Punja Global Ventures, with investment also 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. Libby Benet, Global Chief Underwriter Officer at AXA XL, will join as a Board Observer. With this new funding round, DeNexus is well-positioned to address the growing need for comprehensive cyber risk management in industrial environments, helping organizations navigate the complex landscape of cybersecurity threats and regulations.
DeNexus has shown significant traction, with its solutions currently deployed at over 200 sites across the USA, UK, and Europe. Building on its product offering from the initial customers in the power electricity sector, the company also successfully implemented its technology with a top data center…
