Network visibility provider, Indegy, closed an $18 million Series B round of financing led by Liberty Technology Venture Capital, a subsidiary of Liberty Media with participation from international energy and services firm Centrica plc, O.G. Tech Ventures and existing investors Shlomo Kramer, Magma Venture Partners, Vertex Ventures and Aspect Ventures.
The funds will end up used to accelerate growth and expand global go-to-market initiatives for the Indegy industrial cybersecurity suite which helps protect systems used in manufacturing, energy, water, pharmaceuticals, and other critical infrastructures from cyber attacks.
“Recent reports by the DHS and FBI regarding attacks against critical infrastructures have created a greater sense of urgency among industrial organizations to shore up their defenses, and produced a major spike in new business for Indegy,” said Barak Perelman, chief executive of Indegy. “This capital infusion provides the financial resources required to scale up the company and capitalize on this market opportunity.”