DeNexus, a pioneer in cyber risk management for OT, announced today that it has raised $17.5m in a Series A funding round.
This injection of capital positions DeNexus to accelerate its growth trajectory and expand its innovative product offerings and market presence.
The funding round was spearheaded by Punja Global Ventures, with significant contributions from AXA XL, Prosegur/SegTech, and HCS Capital. Notably, Rimmo Jolly, co-founder of Punja Global Ventures, will join the DeNexus Board of Directors, with Libby Benet, Global Chief Underwriter Officer at AXA XL, stepping in as a Board Observer.
DeNexus specializes in providing end-to-end cyber risk management solutions tailored for industrial environments. These offerings are critical for helping organizations navigate the increasingly complex landscape of cybersecurity threats and regulatory pressures. The company’s reach is broad, with its technology already deployed in over 200 sites across the USA, UK, and Europe.
With the new funding, DeNexus plans to enhance its go-to-market team, refine its product suite, and continue delivering comprehensive cyber risk management solutions. The company’s strategic vision focuses on sectors ranging from power electricity to data centers, global manufacturing, and airport operations, underscoring its role in securing critical infrastructure.
“This investment is a strong vote of confidence in DeNexus’ vision and our ability to address the critical cybersecurity challenges faced by industrial enterprises and physical critical infrastructures,” said Jose Seara, CEO of DeNexus. “We’re poised to expand our go-to-market team, enhance our product offerings, and continue delivering on our commitment to provide a full-stack, end-to-end cyber risk management solution to our customers.”
Furthermore, DeNexus is contributing significantly to the dialogue around risk-based cybersecurity management, aligning perfectly with new regulations across the U.S., EMEA, and APAC that demand transparency in how corporations manage and report on cyber risks.
“In industrial environments, the boundaries between physical and cybersecurity get rapidly blurred,” noted Barbara Albizuri, Director at Prosegur Tech Ventures. “Prosegur’s partnership with DeNexus reinforces our joint commitment to safeguarding critical infrastructure by combining cutting-edge cyber risk management technology with physical security expertise.”
DeNexus has previously engaged in initial customer deployments in several high-stakes sectors and has successfully extended its reach to managing critical activities at the backbone of civilization.
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