Perygee lands $4.75m in seed financing raise


Perygee, a company providing a lightweight and complete security platform for IoT and OT, has raised $4.75m from a seed investment round.

The round was led by Ballistic Ventures and saw participation from BRG Ventures, Ray Rothrock, Ohad Finkelstein, John Donovan, Corey Thomas and Bryson Bort. To date, Perygee has raised $6.35m in funding.

Internet of Things (IoT) and Operational Technology (OT) devices are critical aspects of the supply chain, from manufacturing plants to utilities to hospitals and 10 million new devices are connecting to networks daily.

Any operational downtime or an attack on this infrastructure can have costly, damaging ripple effects on populations. However, mid-market enterprises within these supply chains often struggle with implementing optimal security for these devices, when existing tools are expensive and require additional resources to maintain. Perygee is aiming to solve this gap, serving the market in a holistic and more affordable way.

Perygee claims it is the only lightweight, comprehensive platform that can bring together existing and unlock new IoT/OT data to automate the right security actions in the fastest time on the market for all organizations.

Perygee co-founder and CEO Mollie Breen said, ?In just a few short years, weve launched a product that we know no other vendor on the market can offer to tackle today IoT/OT security challenges, and weve gained notable customer traction along the way,said Breen. ?Im humbled by the team and technology weve put together and grateful to have some of the industry most well-known investors and advisors onboard to support us as we grow.p>

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