Industrial Cybersecurity Company, Indegy Raises $18 Million

By StartUp City

Indegy,  a New York-based industrial cyber security company, closed an $18m Series B financing.

The round was 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 company intends to use the funds to accelerate growth and expand global go-to-market initiatives for the Indegy industrial cybersecurity suite.

Led by Barak Perelman, CEO, Indegy provides an industrial cybersecurity suite which helps protect systems used in manufacturing, energy, water, pharmaceuticals, and other critical infrastructures from cyber attacks.

The company’s platform protects industrial control system (ICS) networks from cyber threats, malicious insiders, and human error by providing visibility and control. It arms security and operations teams with full visibility into ICS activity and threats by combining hybrid, policy-based monitoring and network anomaly detection with device integrity checks.

In conjunction with the financing, Indegy announced the appointment of two new executives to its management team: Joe Scotto from BAE Systems, as Chief Marketing Officer, and Todd Warwick from Imperva, as the Vice President of Sales, Americas.