DeNexus, a leader in end-to-end cyber risk management for operational technology (OT), today announced it has raised $17.5 million in a Series A funding round, positioning DeNexus to accelerate its growth and expand its innovative product offerings and markets.
The 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, while Libby Benet, Global Chief Underwriter Officer at AXA XL, will join as a Board Observer. With this new funding, 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.
“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.”
“DeNexus is at the forefront of a crucial shift towards risk-based cybersecurity management,” said Rimmo Jolly of Punja Global Ventures. “Their approach aligns perfectly with new cybersecurity regulations in the U.S., EMEA and APAC, which demand that corporations report on how they manage and govern cyber risk. We’re excited to support DeNexus as they continue to innovate in this critical space.”
About DeNexusTM
DeNexus is the leading provider in end-to-end cyber risk management for industrial networks. The company aims to establish the global standard in industrial cyber risk management for risk owners, shareholders, investors, boards, and the risk transfer market.
